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Senior Citizen Latest FD Rates: Here is what PSU banks like SBI, BoB, PNB, and other banks are providing on 1-year, 3-year, and 5-year FDs
- Written by ZeeBiz WebTeam
Published: 10:30 AM, Mar 31, 2025
|Updated: 10:44 AM, Mar 31, 2025
Senior citizens get a higher interest rate on FDs than general citizens. However, the rate of interest varies from bank to bank and depends on various factors, including tenure. Because of their guaranteed return feature, FDs are considered the safest type of investment. FDs have different tenures ranging from seven days to 10 years. The senior citizen FD scheme is for Indian residents over 60.
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What are the minimum and maximum deposit amounts?
The minimum deposit amount varies from bank to bank.
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FD Tenure
It usually ranges from seven days to 10 years.
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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
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
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
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 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 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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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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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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SBI 10-year FD scheme
Senior citizens get 7.50 per cent interest rate on 10-year FD.
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