Senior Citizens Latest FD Rates: Here is what you can get on Rs 5 lakh- Rs 15 lakh investments from banks like SBI, PNB, Canara Bank, BoB in 1-5 years
The RBI regulates FDs offered by banks to ensure their financial stability and integrity.
Senior citizens get higher interest rates than general citizens on fixed deposits (FDs) from all banks. FD is the most trusted way of investment. They are considered a safe investment option as they provide guaranteed returns. Market fluctuations don't impact FD returns. The RBI regulates FDs offered by banks to ensure their financial stability and integrity.
This article will calculate maturity on Rs 5 lakh to Rs 15 lakh investments from PSU banks like SBI, PNB, Canara Bank, and BoB in one to five-year tenures.
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SBI FD rate for senior citizens
1-year FD: 6.75%
3-year FD: 6.80%
5-year FD: 7.05%
SBI: Maturity amount on Rs 5,00,000 deposit
1-year FD: Rs 5,34,614
3-year FD: Rs 6,12,099
5-year FD: Rs 7,09,129
SBI: Maturity amount on Rs 10,00,000 deposit
1-year FD: Rs 10,69,228
3-year FD: Rs 12,24,197
5-year FD: Rs 14,18,258
SBI: Maturity amount on Rs 15,00,000 deposit
1-year FD: Rs 16,03,842
3-year FD: Rs 18,36,296
5-year FD: Rs 21,27,388
BoB FD rate for senior citizens
1-year FD: 7%
3-year FD: 7%
5-year FD: 7%
BoB: Maturity amount on Rs 5,00,000 deposit
1-year FD: Rs 5,35,930
3-year FD: Rs 6,15,720
5-year FD: Rs 7,07,389
BoB: Maturity amount on Rs 10,00,000 deposit
1-year FD: Rs 10,71,859
3-year FD: Rs 12,31,439
5-year FD: Rs 14,14,778
BoB: Maturity amount on Rs 15,00,000 deposit
1-year FD: Rs 16,07,789
3-year FD: Rs 18,47,159
5-year FD: Rs 21,22,167
PNB FD rate for senior citizens
1-year FD: 6.9%
3-year FD: 6.9%
5-year FD: 7%
PNB: Maturity amount on Rs 5,00,000 deposit
1-year FD: Rs 5,35,403
3-year FD: Rs 6,13,907
5-year FD: Rs 7,07,389
PNB: Maturity amount on Rs 10,00,000 deposit
1-year FD: Rs 10,70,806
3-year FD: Rs 12,27,813
5-year FD: Rs 14,14,778
PNB: Maturity amount on Rs 15,00,000 deposit
1-year FD: Rs 16,06,209
3-year FD: Rs 18,41,720
5-year FD: Rs 21,22,167
Canara Bank FD rate for senior citizens
1-year FD: 7%
3-year FD: 7%
5-year FD: 7%
Canara Bank: Maturity amount on Rs 5,00,000 deposit
1-year FD: Rs 5,35,930
3-year FD: Rs 6,15,720
5-year FD: Rs 7,07,389
Canara Bank: Maturity amount on Rs 10,00,000 deposit
1-year FD: Rs 10,71,859
3-year FD: Rs 12,31,439
5-year FD: Rs 14,14,778
Canara Bank: Maturity amount on Rs 15,00,000 deposit
1-year FD: Rs 16,07,789
3-year FD: Rs 18,47,159
5-year FD: Rs 21,22,167