There are many best FD schemes for senior citizens in other government and private banks of the country like Union Bank of India, Bank of Baroda, Punjab National Bank, Axis Bank.
State Bank of India has recently increased interest on fixed deposits for its normal customers. But this interest rate is still much lower than the interest that senior citizens get on fixed deposits. Let us tell you that banks like SBI, ICICI and HDFC are still offering good interest on fixed deposits to senior citizens. If you also want to invest in the name of your elders, then before that you must know the interest rate available in these three banks. Let’s know about it…
Senior citizens will get such percentage of interest in SBI – State Bank of India is the largest government bank in the country. Most of the people invest here only because, the investment made in SBI is the safest. But despite all this, SBI is giving interest at the rate of 6.20 percent to senior citizens on their fixed deposits for 5 years. This interest rate of SBI has come into effect from January 15.
Interest Rate for Senior Citizens in ICICI Bank – ICICI Bank is the largest private bank in the country like SBI. ICICI Bank has launched Golden Year FD scheme for senior citizens. In which 80bps higher interest rate is given. ICICI Bank is giving interest at the rate of 6.35 percent to senior citizens in the Golden Year FD scheme, this interest rate is applicable from January 20, 2022.
HDFC Bank FD Interest Rates for Senior Citizens – HDFC Bank’s special FD scheme for senior citizens is called HDFC Senior Citizen Care. The bank offers 75 bps higher interest rate on these deposits. If a senior citizen makes a fixed deposit under HDFC Bank Senior Citizen Care FD, the interest rate applicable on the FD will be 6.35%. These interest rates will be applicable from January 12, 2022.
There are many great schemes in other banks as well – for senior citizens, there are many best FD schemes in the country’s other government and private banks like Union Bank of India, Bank of Baroda, Punjab National Bank, Axis Bank. Before investing, senior citizens should go to the websites of all these banks and need to know about the interest rate available on FD.
