Wed, Nov 06, 2024
SBI vs HDFC Bank vs Axis Bank 5-year Senior Citizen FD: A lot of senior citizens invest in fixed deposit (FD) schemes as part of their retirement planning. Investments in FDs provide them with guaranteed return, and the risk in the non-market-linked investment scheme has minimum risk. Investments in the 5-year FD also provide investors with tax benefits.
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Fri, Oct 11, 2024
SBI Senior Citizen Latest Fixed Deposit Interest Rates 2024: State Bank of India (SBI) has many fixed deposit (FD) schemes for senior citizens. They can invest their money in special FDs such as 444-day Amrit Vrishti, Amrit Kalash, Sarvottam, and Green Deposits. They also have the option to invest in the 1-, 3-, and 5-year FDs. Investment in the 5-year FD provides tax benefits under Section 80C of the Income Tax Act, 1961. Senior citizens also get extra interest rates than the ones SBI offers to general citizens.
Thu, Oct 03, 2024
SBI 3-year FD vs Post Office 3-year FD: Senior citizens use fixed deposit schemes to get regular income post retirement. They also get higher interest rates in FDs compared to what general citizens get.
Fri, Sep 20, 2024
SBI Amrit Vrishti FD: SBI provides a 7.25 per cent interest rate for general citizens while senior citizens get a 7.75 per cent interest rate under this guaranteed return scheme.
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