Latest FD Rates for Senior Citizens - Here is what top banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are giving on fixed deposits
Senior citizen FD rates: Super senior citizens are 80 or older. The banks provide additional interest rates to these people.
A senior citizen fixed deposit (FD) is a fixed interest rate income plan where senior citizens get extra interest rates compared to general citizens. These FDs usually offer up to 0.50 per cent or more interest rate than normal FD. The interest rate is different from bank to bank.
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Premature withdrawal
Although there is a lock-in FD, a depositor can also withdraw money before maturity. The financial institution may or may not charge a penalty.
Super senior citizen FD
Super senior citizens are 80 or older. The banks provide additional interest rates to these people.
State Bank of India (SBI), Bank of Baroda (BoB), Canara Bank, HDFC Bank, and ICICI Bank FD rates
Now, let's take a look at the interest rates provided by banks like State Bank of India (SBI), Bank of Baroda (BoB), Canara Bank, HDFC Bank, and ICICI Bank.
State Bank of India- 1yr-3yr-5yr FD rates
In one year, SBI gives a 7.30 per cent interest rate to senior citizens while in 3-year and 5-year FDs, the bank provides 7.25 per cent and 7.50 per cent interest rates respectively.
BoB- 1yr-3yr-5yr FD rates
BoB offers 7.35 per cent interest rate to senior citizens in one year, 7.65 per cent in three years, and 7.15 per cent in five years.
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.