What SBI, PNB, HDFC Bank, ICICI Bank, Canara Bank and others are offering to senior citizens in their fixed deposit schemes; get latest details
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.
FD or fixed deposit is an investment scheme in which you can invest a lumpsum amount for a fixed period. The interest rate on FD is fixed. Because of their guaranteed and fixed returns, FDs are considered a safe option. FD returns are not affected by market fluctuations.
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Senior citizen FD interest rates
A look at senior citizen FD interest rates from banks like State Bank of India (SBI). Bank of Baroda (BoB), ICICI Bank, Canara Bank, HDFC Bank and Axis Bank.
SBI FD interest rate
The state lender provides a 7.75 per cent interest rate on 444 days- Amrit Vrishti FD scheme.
SBI FD rate for 1yr-3yr-5yr
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 FD interest rate
333 days-Star Dhan Vriddhi - BoB provides 7.75 per cent interest rate to senior citizens.
BoB FD rate for 1yr-3yr-5yr
BoB offers 7.30 per cent interest rate to senior citizens in one year, 7.25 per cent in three years, and 6.75 per cent in five years.
ICICI Bank FD interest rate
In 15 months to less than 18 months, ICICI gives a 7.80 per cent interest rate to senior citizens.
ICICI Bank FD rate for 1yr-3yr-5yr
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 FD interest rate
In 15 months to less than 2 years; 5 years to 10 years, the bank offers a 7.75 per cent interest rate.
Axis Bank FD rate for 1yr-3yr-5yr
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 FD interest rate
On 399 days - BoB Monsoon Dhamaka FD scheme, the bank gives 7.80 per cent interest to senior citizens.
Canara Bank FD rate for 1yr-3yr-5yr
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 FD interest rate
In 4 Year 7 Months (55 months), HDFC Bank offers 7.90 per cent interest to senior citizens.
HDFC Bank FD rate for 1yr-3yr-5yr
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 FD interest rate
In 400 days, PNB provides 7.75 per cent interest to senior citizens.
PNB FD rate for 1yr-3yr-5yr
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.