Senior Citizen FD Interest Rate: Senior citizens are advised to invest a part of their savings in FD. Investment made in FD is safe and it also gives regular income. This kind of savings can be useful to you at any time in your bad times.
But you have to pay interest on the income from some FDs. Whereas some senior citizens do not come under its purview. At present, some banks are giving interest up to 7.75 percent on three-year FD to senior citizens. Let us know about the banks giving highest interest-
Bank of Baroda offers an interest rate of 7.75 percent on three-year FD. Among public sector banks, it gives the highest interest to senior citizens. If you invest Rs 1 lakh now, it will increase to Rs 1.26 lakh in three years.
Axis Bank is offering 7.60 percent interest rate on three-year FD to senior citizens. By investing Rs 1 lakh now, your amount will increase to Rs 1.25 lakh in three years.
HDFC Bank, ICICI Bank and Punjab National Bank are offering interest rates of 7.50 percent on three-year FDs. If you invest Rs 1 lakh here, this amount will increase to Rs 1.25 lakh in three years.
Canara Bank is giving 7.30 percent interest to senior citizens on three-year FD. If you invest here today, you will get Rs 1.24 lakh in one year.
State Bank of India (SBI) is offering 7.25 percent interest rate on three-year FD to senior citizens. The amount of Rs 1 lakh invested now will increase to Rs 1.24 lakh in three years.
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