Senior Citizen FD Rates: Know your returns on Rs 10 lakh investment from banks like SBI, PNB, HDFC Bank, ICICI Bank and others in 5 years
Senior Citizen FD Rates: On a 5-year FD tenure, SBI provides senior citizens a 7.50 per cent interest rate.
A Senior Citizen Fixed Deposit (FD) is a term deposit scheme providing a better interest rate than a standard FD for those aged 60 and older. FDs are reliable source of income for a retired person. Most banks offer 0.5 per cent or more interest rates than general citizens. Depositors can choose FD tenure, payout frequency, and investment amount while planning to invest.
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Latest senior citizen FD rates
Here is what PSU banks like SBI, PNB, BoB, Canara Bank, and other banks like ICICI Bank, HDFC Bank, and Axis Bank are providing to senior citizens on different tenure FDs.
SBI senior citizen FD rate
On a 5-year FD tenure, SBI provides senior citizens a 7.50 per cent interest rate.
SBI FD: Return on Rs 10 lakh investment
If a senior citizen invests Rs 10 lakh in a 5-year FD, the maturity amount will be Rs 14,49,948.
PNB senior citizen FD rate
On a 5-year FD tenure, PNB provides senior citizens a 7 per cent interest rate.
PNB FD: Return on Rs 10 lakh investment
If a senior citizen invests Rs 10 lakh in a 5-year FD, the maturity amount will be Rs 14,14,778.
Canara Bank senior citizen FD rate
On a 5-year FD tenure, Canara Bank provides senior citizens a 7.20 per cent interest rate.
Canara Bank: Return on Rs 10 lakh investment
If a senior citizen invests Rs 10 lakh in a 5-year FD, the maturity amount will be Rs 14,28,748.
BoB senior citizen FD rate
On a 5-year FD tenure, BoB provides senior citizens a 7.40 per cent interest rate.
BoB: Return on Rs 10 lakh investment
If a senior citizen invests Rs 10 lakh in a 5-year FD, the maturity amount will be Rs 14,42,848.
ICICI Bank senior citizen FD rate
On a 5-year FD tenure, ICICI Bank provides senior citizens a 7.50 per cent interest rate.
ICICI Bank: Return on Rs 10 lakh investment
If a senior citizen invests Rs 10 lakh in a 5-year FD, the maturity amount will be Rs 14,49,948.
HDFC Bank: Return on Rs 10 lakh investment
On a 5-year FD tenure, HDFC Bank provides senior citizens a 7.50 per cent interest rate.
HDFC Bank: Rs 10 lakh FD
If a senior citizen invests Rs 10 lakh in a 5-year FD, the maturity amount will be Rs 14,49,948.