Check what SBI, BoB, Canara Bank and other banks are currently offering to senior citizens on fixed deposits
The State Bank of India (SBI) offers a 7.30 per cent interest rate on 1 Year FD while providing a 7.25 per cent FD interest rate on 3 years FD scheme. On 5-yr FD, the bank gives 7.50 per cent interest rate.
The interest rate on an FD is fixed when the account is opened. The period during which funds are invested in a fixed-term deposit can be from seven days to 14 days or for up to 10 years.
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Know what Banks like SBI, BoB are offering on FDs
Now, let's take a look at the fixed deposit interest rates that SBI, BoB, Canara Bank, Axis Bank, ICICI Bank, and HDFC Bank are currently offering to senior citizens.
SBI FD rates for senior citizens
On 444 days - Amrit Vrishti, SBI offers 7.75 per cent interest rates to senior citizens.
SBI 1yr-3yr-5-yr FDs
The State Bank of India (SBI) offers a 7.30 per cent interest rate on 1 Year FD while providing a 7.25 per cent FD interest rate on 3 years FD scheme. On 5-yr FD, the bank gives 7.50 per cent interest rate.
BoB FD rates for senior citizens
On 399 days - BoB Monsoon Dhamaka, BoB offers 7.80 per cent interest rates to senior citizens.
BoB 1yr-3yr-5-yr FDs
The Bank of Baroda offers a 7.35 per cent interest rate on 1-year FD while providing a 7.65 per cent FD interest rate on 3 3-year FD scheme, and 7.15 per cent on 5-year FD.
ICICI Bank- 1yr-3yr-5yr FD rates
ICICI offers a 7.20 per cent interest rate to senior citizens in one year, 7.50 per cent in three years, and 7.50 per cent in five years.
Axis Bank- 1yr-3yr-5yr FD rates
Axis Bank offers a 7.20 per cent interest rate to senior citizens in one year, 7.60 per cent in three years, and 7.75 per cent in five years.
Canara Bank- 1yr-3yr-5yr FD rates
Canara Bank offers a 7.35 per cent interest rate to senior citizens in one year, 7.30 per cent in three years, and 7.20 per cent in five years.
HDFC Bank- 1yr-3yr-5yr FD rates
HDFC Bank offers 7.10 per cent interest rate to senior citizens in one year, 7.50 per cent in three years, and 7.50 per cent in five years.
Punjab National Bank
PNB offers a 7.30 per cent interest rate to senior citizens in one year, 7.50 per cent in three years, and 7.00 per cent in five years.