Senior Citizens FD (Fixed Deposit) is still a favorite investment option, especially for senior citizens. Despite many new options, its popularity remains because it is a traditional and safe investment. Bank FDs have insurance cover under the Deposit Insurance and Credit Guarantee Corporation.
This cover is up to Rs 5 lakh per depositor per bank. The tenure of FD ranges from 7 days to 10 years. We will know which banks are offering the highest interest rate on FD to senior citizens.
SBI Senior Citizen FD-
SBI is offering a 7.50 percent interest rate to senior citizens (SBI Senior Citizen FD Scheme) on FDs ranging from 5 years to 10 years.
Canara Bank Senior Citizen FD-
Canara Bank is offering a 7.20% interest rate to Senior Citizens (Canara Bank Senior Citizens FD Rates) on FDs ranging from 5 years to 10 years.
PNB Senior Citizen FD-
Punjab National Bank is offering 7% interest rate to Senior Citizens (Punjab National Bank Senior Citizen FD Rates) on FDs ranging from 5 years to 10 years.
HDFC Bank FD-
HDFC Bank is offering a 7.50% interest rate to Senior Citizens (HDFC Bank Senior FD Rates) on FDs ranging from 5 years to 10 years.
ICICI Bank FD-
ICICI Bank is offering a 7.50% interest rate to Senior Citizens (HDFC Bank Senior FD Rates) on FDs ranging from 5 years to 10 years.
Axis Bank FD-
Axis Bank is offering a 7.75% interest rate to senior citizens on FDs ranging from 5 years to 10 years.
Yes Bank FD-
Yes Bank is offering tax-saving FDs to senior citizens with an interest rate of 8 percent.
DCB Bank FD-
DCB Bank is offering tax-saving FDs with an interest rate of 7.90 percent.
Dhanlaxmi Bank and IndusInd Bank are offering tax-saving FDs with an interest rate of 7.75 percent.
Disclaimer: This content has been sourced and edited from Hr Breaking. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.
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