Senior Citizen FD Interest Rate: Let us tell you that recently there has been some good news for senior citizens. In fact, now these banks are giving the highest interest on FD to these people. Know about these banks and interest rates in this news of ours….
Everyone is advised to invest a part of their income. So that future needs can be met. Many investment options are available in the market. But there are some options which also involve market risk.
FD (FD Interest Rate) is considered the safest option among investment options. Because there is no market risk in it. Apart from this, returns are also received at a fixed interest rate within the stipulated time. Senior Citizens (Senior Citizen FD Interest Rate) get more interest on FD than normal people.
These banks are giving the highest interest on FD to senior citizens:-
Bank of Baroda (Bank of Baroda FD Interest Rate)-
This bank gives interest at the rate of 7.75 percent on three-year FD. This bank gives the highest interest on FD to senior citizens. Senior citizens will get Rs 1.26 lakh in three years on an investment of Rs 1 lakh.
Axis Bank (Axis Bank FD Interest Rate)-
This bank gives interest at the rate of 7.60 percent on FD to senior citizens. An investment of Rs 1 lakh made for three years will increase to Rs 1.25 lakh.
Punjab National Bank (Punjab National Bank FD Interest Rate)-
These banks give returns to senior citizens on three-year FD with an interest rate of 7.50 percent. After three years the return will increase to Rs 1.25 lakh.
