Fixed deposits are among the most popular investments because they are safe and provide guaranteed returns. Senior Citizens can earn better interest rates than general residents on fixed deposits. However, FD interest rates for senior citizens vary based on various things, including tenure. Banks also provide special FD schemes for senior and general citizens. Some of these schemes include SBI's Amrit Vrishti and Bank of Baroda's BoB Utsav.
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1/14Public 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.
2/141-year: Rs 1,07,502 3-year: Rs 1,24,055 5-year: Rs 1,44,995
3/14Bank 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.
4/141-year: Rs 1,07,555 3-year: Rs 1,25,525 5-year: Rs 1,44,285
5/14Punjab 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.
6/141-year: Rs 1,07,502 3-year: Rs 1,24,972 5-year: Rs 1,41,478
7/14Canara 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.
8/141-year: Rs 1,07,555 3-year: Rs 1,26,452 5-year: Rs 1,42,875
9/14ICICI 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.
10/141-year: Rs 1,07,397 3-year: Rs 1,24,972 5-year: Rs 1,44,995
11/14HDFC 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.
12/141-year: Rs 1,07,291 3-year: Rs 1,24,972 5-year: Rs 1,44,995
13/14Axis 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 per cent, and 7.75 per cent interest rates on 1-year, 3-year, and 5-year FD plans respectively.
14/141-year: Rs 1,07,397 3-year: Rs 1,25,340 5-year: Rs 1,46,784