Interest rate on FD
Senior Citizens FD: Despite a lot of new investment options, FD is still one of the most popular investment options. This is a traditional investment option. FD is still the first choice of senior cities. Bank FD has an insurance cover under the Deposit Insurance and Credit Guarantee Corporation (DICGC). This cover is up to Rs 5 lakh per depositor per bank. The FD period ranges from 7 days to 10 years. Let us know which banks are offering the highest interest rate on FDs to senior cities.
SBI Senior Citizen FD
SBI is offering 7.50% interest rate to Senior Cities on FDs ranging from 5 years to 10 years.
Canara Bank Senior Citizen FD
Canara Bank is offering 7.20% interest rate to Senior Cities on FDs ranging from 5 years to 10 years.
PNB Senior Citizen FD
Punjab National Bank is offering 7 percent interest rate to Senior Cities on FDs ranging from 5 years to 10 years.
HDFC Bank FD
HDFC Bank is offering 7.50% interest rate to Senior Cities on FDs ranging from 5 years to 10 years.
Icici bank FD
ICICI Bank is offering 7.50% interest rate to Senior Cities on FDs ranging from 5 years to 10 years.
Axis bank FD
Axis Bank is offering 7.75% interest rate to Senior Cities on FDs ranging from 5 years to 10 years.
Yes Bank FD
Yes Bank is offering tax saving FD to Senior Citizens with 8 % interest rate.
DCB Bank FD
DCB Bank is offering tax saving FD with 7.90 per cent interest rate.
Dhanalakshmi Bank and IndusInd Bank are offering tax saving FDs with 7.75 per cent interest rate.
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