Here's what SBI, Bank of Baroda, Canara Bank, HDFC Bank, and ICICI Bank are offering to senior citizens in their FD schemes
Fixed deposit (FD) is a savings scheme which is offered by all the banks to general and senior citizens. In this, we can deposit money for a certain period and get a fixed interest rate on a monthly, quarterly or yearly basis.
Images: Pixabay and Pexels
Senior citizen FD interest rate
In this article, we will take a look at the fixed deposit rates which banks like State Bank of India (SBI), Bank of Baroda (BoB), Canara Bank, ICICI Bank, Punjab National Bank (PNB) and Axis Bank are offering to senior citizens.
State Bank of India
444 days: 7,75%
SBI FD interest rate
1-year: 7.3%
3-year: 7.25%
5-year: 7.5%
Canara Bank
444 days: 7.75%
Canara Bank FD interest rate
1-year: 7.35%
3-year: 7.3%
5-year: 7.2%
Bank of Baroda
399 days: 7.75%
BoB FD interest rate
1-year: 7.35%
3-year: 7.65%
5-year: 7.15%
Axis Bank
5 years to 10 years: 7.75%
Axis Bank FD interest rate
1-year: 7.2%
3-year: 7.6%
5-year: 7.75%
Punjab National Bank
400 days: 7.75%
PNB FD interest rate
1-year: 7.3%
3-year: 7.5%
5-year: 7%
ICICI Bank
15 months to less than 18 months: 7.8%
ICICI Bank FD interest rate
1-year: 7.2%
3-year: 7.5%
5-year: 7.5%