FD Rates: Are you also planning to invest in FD? Banks are giving the best offers to senior citizens on three-year FDs. This FD helps senior citizens to create an emergency fund.
FD provides liquidity because you can close it whenever you want and get the money in your bank account. Interest on FD is taxable. Currently, private and public sector banks are giving up to 7.75 percent interest to senior citizens on three-year FDs. Here we are telling about the interest being offered on three-year FDs of top 10 banks. Also, how much interest will be received on an investment of up to Rs 1,00,000.
Bank Of Baroda
Interest rate on three-year FD for senior citizens: 7.75%
Rs 1 lakh invested for three years will grow to Rs 1.26 lakh.
Axis Bank
Interest rate on three-year FD for senior citizens: 7.60%
Rs 1 lakh invested for three years will grow to Rs 1.25 lakh.
HDFC Bank, ICICI Bank and Punjab National Bank
Interest rate on three-year FD for senior citizens: 7.50%
Rs 1 lakh invested for three years will grow to Rs 1.25 lakh.
Canara Bank
Interest rate on three-year FD for senior citizens: 7.30%
Rs 1 lakh invested for three years will grow to Rs 1.24 lakh.
State Bank of India and Bank of India
Interest rate on three-year FD for senior citizens: 7.25%
Rs 1 lakh invested for three years will grow to Rs 1.24 lakh.
Union Bank Of India
Interest rate on three-year FD for senior citizens: 7%
Rs 1 lakh invested for three years will grow to Rs 1.23 lakh.
Indian Bank
Interest rate on three-year FD for senior citizens: 6.75%
Rs 1 lakh invested for three years will grow to Rs 1.22 lakh.
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