FD News – Great news for senior citizens. Actually, today in our news we are going to tell you about some such banks which give the highest interest on senior citizen FDs… So let us check the interest rates of these banks in the news below.
Everyone is advised to invest a part of their income. So that future needs can be met. Many investment options are available in the market. But there are some options which also involve market risk.
FD (FD Interest Rate) is considered the safest option among investment options. Because there is no market risk in it. Apart from this, returns are also received at a fixed interest rate within the stipulated time. Senior Citizens (Senior Citizen FD Interest Rate) get more interest on FD than normal people.
These banks are giving the highest interest on FD to senior citizens (Senior Citizen FD Interest Rate)-
Bank of Baroda (Bank of Baroda FD Interest Rate)-
This bank gives interest at the rate of 7.75 percent on three-year FD. This bank gives the highest interest on FD to senior citizens. Senior citizens will get Rs 1.26 lakh in three years on an investment of Rs 1 lakh.
Axis Bank (Axis Bank FD Interest Rate)-
This bank gives interest at the rate of 7.60 percent on FD to senior citizens. An investment of Rs 1 lakh made for three years will increase to Rs 1.25 lakh.
Punjab National Bank (Punjab National Bank FD Interest Rate)-
These banks give returns to senior citizens on three-year FD with an interest rate of 7.50 percent. After three years the return will increase to Rs 1.25 lakh.
