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What SBI, PNB, HDFC Bank, ICICI Bank, Canara Bank and others are offering to senior citizens in their fixed deposit schemes; get latest details
- Written by ZeeBiz WebTeam
Published: 11:23 AM, Sep 16, 2024
|Updated: 1:52 PM, Sep 16, 2024
FD or fixed deposit is an investment scheme in which you can invest a lumpsum amount for a fixed period. The interest rate on FD is fixed. Because of their guaranteed and fixed returns, FDs are considered a safe option. FD returns are not affected by market fluctuations.
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Senior citizen FD interest rates
A look at senior citizen FD interest rates from banks like State Bank of India (SBI). Bank of Baroda (BoB), ICICI Bank, Canara Bank, HDFC Bank and Axis Bank.
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SBI FD interest rate
The state lender provides a 7.75 per cent interest rate on 444 days- Amrit Vrishti FD scheme.
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SBI FD rate for 1yr-3yr-5yr
In one year, SBI gives a 7.30 per cent interest rate to senior citizens while in 3-year and 5-year FDs, the bank provides 7.25 per cent and 7.50 per cent interest rates respectively.
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BoB FD interest rate
333 days-Star Dhan Vriddhi - BoB provides 7.75 per cent interest rate to senior citizens.
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BoB FD rate for 1yr-3yr-5yr
BoB offers 7.30 per cent interest rate to senior citizens in one year, 7.25 per cent in three years, and 6.75 per cent in five years.
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ICICI Bank FD interest rate
In 15 months to less than 18 months, ICICI gives a 7.80 per cent interest rate to senior citizens.
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ICICI Bank FD rate for 1yr-3yr-5yr
ICICI offers a 7.20 per cent interest rate to senior citizens in one year, 7.50 per cent in three years, and 7.50 per cent in five years.
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Axis Bank FD interest rate
In 15 months to less than 2 years; 5 years to 10 years, the bank offers a 7.75 per cent interest rate.
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Axis Bank FD rate for 1yr-3yr-5yr
Axis Bank offers a 7.20 per cent interest rate to senior citizens in one year, 7.60 per cent in three years, and 7.75 per cent in five years.
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Canara Bank FD interest rate
On 399 days - BoB Monsoon Dhamaka FD scheme, the bank gives 7.80 per cent interest to senior citizens.
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Canara Bank FD rate for 1yr-3yr-5yr
Canara Bank offers a 7.35 per cent interest rate to senior citizens in one year, 7.30 per cent in three years, and 7.20 per cent in five years.
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HDFC Bank FD interest rate
In 4 Year 7 Months (55 months), HDFC Bank offers 7.90 per cent interest to senior citizens.
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HDFC Bank FD rate for 1yr-3yr-5yr
HDFC Bank offers 7.10 per cent interest rate to senior citizens in one year, 7.50 per cent in three years, and 7.50 per cent in five years.
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Punjab National Bank FD interest rate
In 400 days, PNB provides 7.75 per cent interest to senior citizens.
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PNB FD rate for 1yr-3yr-5yr
PNB offers a 7.30 per cent interest rate to senior citizens in one year, 7.50 per cent in three years, and 7.00 per cent in five years.
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