Anil Singhvi4 min ago
7 banks including SBI, PNB, HDFC Bank, and ICICI Bank that are offering up to 7.75% interest on Senior Citizen FD
- Written by Shaghil Bilali
Published: Zee Business| Updated: Zee Business
5 banks that provide FD interest rates of up to 7.75% to senior citizens: Fixed deposit (FD) is a popular investment option for individuals seeking stability and guaranteed returns. Banks offer FDs of different tenures to people of different age groups, including senior citizens. Most of the banks offer higher interest rates to senior citizens than general citizens. One of the reasons behind this offer is that the banks want to support financial well-being of seniors who seek financial security at old age.
Banks such as State Bank of India (SBI), Bank of Baroda (BoB), ICICI Bank, HDFC Bank, Punjab National Bank (PNB) and Canara Bank offer up to 7.75% on FDs on five years to senior citizens (as per Paisabazaar.com data as on April 17, 2024).
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State Bank of India
1/7State Bank of India The country's largest PSU Bank is offering 7.50% interest rate to senior citizens.
2/7
Axis Bank
2/7Axis Bank Among the banks we have picked, Axis Bank tops the chart, ofering a 7.75% interest rate on the 5-year FD to senior citizens.
3/7
Bank of Baroda
3/7Bank of Baroda The lender is offering a 7.15% interest rate to senior citizens.
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HDFC Bank
4/7HDFC Bank The country's largest bank offers a 7.50% interest rate to senior citizens on its 5-year FD.
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ICICI Bank
5/7ICICI Bank ICICI Bank offers the same interest rate as HDFC Bank at 7.50%.
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Canara Bank
6/7Canara Bank The large-cap PSU bank offers 7.20% interest to senior citizens on its 5-year FD.
7/7
Punjab National Bank
7/7Punjab National Bank PNB is offering a 7% interest rate to senior citizens.
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