Senior Citizen FD: Investing in FD is considered to be the safest option nowadays. It also gives great returns, especially for senior citizens, many banks are offering strong interest rates (FD interest rates). Due to this, the returns are also high. Let us tell you that there is a bank in which if a senior citizen makes an FD of Rs 1 lakh, then he will get up to Rs 26000 in the form of interest. Let us know the complete details related to this in this news.
In today’s time, everyone wants a good return by investing their savings. Getting this return in a short time gives a lot of financial benefit to the investor. If you also want a strong return in less time and minimum investment, then FD (bank FD) is the best option for this. Some banks are providing an opportunity to senior citizens to earn good returns. Here we are telling you some such banks which are giving great interest rates on FD of Rs 1 lakh. In a big bank, you can get interest of 26 thousand on an investment of 1 lakh (Fixed Deposit Interest Rates).
Bumper interest is being given on 3-year FD-
In today’s time, fixed deposit (FD interest rates) is said to be an investment with low risk and guaranteed return. Many people including senior citizens want maximum return from their investment nowadays. They also look for a bank which is giving the highest interest on bank FD. By the way, different interest rates are fixed for different periods in FD and returns are received on the investment made accordingly. If you are also thinking of investing in 3-year FD, let us know about those banks which are giving strong interest on FD of 1 lakh.
Interest rates on FD in Bank of Baroda-
Bank of Baroda is one of the big and leading banks in the country. It is giving interest to senior citizens at the rate of 7.75 percent on three-year FD. If a senior citizen makes an FD of 1 lakh in Bank of Baroda, which is counted among the public sector banks, then this amount will become 1 lakh 26 thousand rupees on maturity of the FD. That is, 26 thousand rupees in it will be received as interest (BOB FD interest rate for senior citizen).
Interest rates in Axis Bank-
Axis Bank is also offering better interest rates to senior citizens (Axis Bank FD interest rate for senior citizen). This bank is giving interest to senior citizens at the rate of 7.60 percent on three-year fixed deposit (FD). At this interest rate in this bank’s FD, an amount of Rs 1 lakh will become 1 lakh 25 thousand rupees in a period of three years.
Interest rates in HDFC, PNB and ICICI –
HDFC Bank, ICICI Bank and Punjab National Bank (PNB FD interest rates) are also well-known banks of the country. All these three banks give an interest rate of 7.50 percent to senior citizens (HDFC FD interest rate for senior citizen) on FD of three years. The amount of Rs 1 lakh invested in these banks will become 1.25 lakh i.e. 1 lakh 25 thousand after three years. Which is beneficial for senior citizens.
Canara Bank –
Canara Bank provides 7.30 percent interest rates to senior citizens on 3-year FD (Canara Bank FD interest rates). In this, an interest of 24 thousand is available on investing 1 lakh rupees in a period of 3 years.
State Bank of India –
State Bank of India is giving 7.25 percent interest on investing 1 lakh rupees on 3-year FD (SBI FD interest rate for senior citizen). This amount gives an interest of 24 thousand on maturity of FD.
Interest rates in Bank of India-
Bank of India and Union Bank of India are the two banks that give a rate of 7 percent on a three-year fixed deposit to senior citizens on an investment of 1 lakh. An investment of 1 lakh made in these will give 23 thousand rupees as interest after 3 years.
Indian Bank-
The interest rates of Indian Bank are also not low, but it is slightly less than the banks given here. This bank gives interest to senior citizens at the rate of 6.75 percent (Indian Bank FD interest rate for senior citizen) on a three-year fixed deposit. In this, the amount of 1 lakh rupees will increase to 1.22 lakh rupees in three years. In this, 22 thousand rupees will be received as interest.
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