The highest interest is being paid to senior citizens in the bank. Apart from this, there are many other benefits of fixed deposit in the bank. In which the biggest advantage is that your savings are always safe in the bank.
New Delhi. During the Corona epidemic and economic recession, most banks have reduced the interest paid on their Sveng scheme. But still the senior interest of the senior citizen is being given by the bank. Apart from this, there are many other benefits of making a fixed deposit in the bank. In which the biggest advantage is that your savings are always safe in the bank. Along with this, if you need money in emergency. So banks also provide loan facility on your FD and on this the minimum interest is charged through banks. Today we are going to tell you the offers made to senior citizens of major banks of the country. Let’s know about this …
State Bank of India -SBI is the largest government bank in the country. Currently, SBI is paying 6.20% interest on FD to senior citizens. But if senior citizens break their FDs ahead of time. So they are paid only 5.9 percent interest on it. At the same time, SBI pays 5.4 per cent interest to the common people. In such a situation, if you are a senior citizen, then you can make a fixed deposit in SBI. SBI FD account holder? You will earn less now! Check fixed deposit interest rates 2020
HDFC Bank – HDFC Bank offers 75 bps higher interest rate on deposits to senior citizens. If a senior citizen makes a fixed deposit under HDFC Bank’s Senior Citizen Care FD, the interest rate applicable to the FD will be 6.25 per cent. These rates are applicable from 13 November.
ICICI Bank – ICICI Bank is the largest private bank in the country. This bank has launched Golden Year FD scheme for senior citizens. In which 6.30 percent interest is paid to the senior citizen. Let us tell you that these interest rates have come into effect from October 21.
Bank of Baroda – Bank of Baroda offers 100 basis points more interest on fixed deposits to senior citizens. If a senior citizen holds a fixed deposit under the special FD scheme (five years to 10 years), then the interest rate applicable to the FD will be 6.25 per cent. These rates are effective from 16 November.
