Highest Senior Citizen FD Rates: Here's what public sector banks like SBI, BoB, PNB and private banks are giving on 1-year, 3-year, and 5-year FDs

SBI provides 7.75 per cent interest rate to senior citizens on 444 days - Amrit Vrishti scheme while it gives 7.30 per cent, 7.25 per cent, and 7.50 per cent interest rates on 1-year, 3-year, and 5-year FD plans respectively.

ZeeBiz WebTeam | Jan 20, 2025, 10:02 AM IST

Senior citizens need investment options that give steady income and security, and fixed deposits (FDs) are among the most popular types of investments because they are safe and provide guaranteed returns. Senior Citizens can earn somewhat better interest rates than general residents on fixed deposits. However, FD interest rates for senior citizens vary based on various things, including tenure.

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How much minimum amount can you deposit in an FD?

How much minimum amount can you deposit in an FD?

The minimum deposit amount varies from bank to bank.

 

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FD Tenure

FD Tenure

It usually ranges from seven days to 10 years.

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Latest senior citizen FD rates

Latest senior citizen FD rates

Here is what PSU banks like SBI, PNB, BoB, Canara Bank, and other banks like ICICI Bank, HDFC Bank, and Axis Bank are providing to senior citizens on different tenure FDs.

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SBI FD rates

SBI FD rates

Public lender provides 7.75 per cent interest rate to senior citizens on 444 days - Amrit Vrishti scheme while it gives 7.30 per cent, 7.25 per cent, and 7.50 per cent interest rates on 1-year, 3-year, and 5-year FD plans respectively.

 

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BoB FD rates

BoB FD rates

Bank of Baroda (BoB) provides 7.80 per cent interest rate to senior citizens on 400 days - Bob Utsav scheme while it gives 7.35 per cent, 7.65 per cent, and 7.40 per cent interest rates on 1-year, 3-year, and 5-year FD plans respectively.

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PNB FD rates

PNB FD rates

Punjab National Bank (PNB) provides 7.75 per cent interest rate to senior citizens on 400 days FD scheme while it gives 7.30 per cent, 7.50 per cent, and 7 per cent interest rates on 1-year, 3-year, and 5-year FD plans respectively.

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Canara Bank FD rates

Canara Bank FD rates

Canara Bank provides 7.9 per cent interest rate to senior citizens on 3 years to less than 5 years FD scheme while it gives 7.35 per cent, 7.90 per cent, and 7.20 per cent interest rates on 1-year, 3-year, and 5-year FD plans respectively.

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ICICI Bank FD rates

ICICI Bank FD rates

ICICI Bank provides 7.80 per cent interest rate to senior citizens on 15 months to less than 18 months FD scheme while it gives 7.20 per cent, 7.50 per cent, and 7.50 per cent interest rates on 1-year, 3-year, and 5-year FD plans respectively.

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Axis Bank FD rate

Axis Bank FD rate

Axis Bank provides 7.75 per cent interest rate to senior citizens on 15 months to less than 2 years; 5 years to 10 years FD scheme while it gives 7.20 per cent, 7.60 percent, and 7.75 per cent interest rates on 1-year, 3-year, and 5-year FD plans respectively.

 

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HDFC Bank FD rates

HDFC Bank FD rates

HDFC Bank provides 7.90 per cent interest rate to senior citizens on 4 Year 7 Months (55 months) FD scheme while it gives 7.10 per cent, 7.50 per cent, and 7.50 per cent interest rates on 1-year, 3-year, and 5-year FD plans respectively.

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