Senior Citizen Fixed Deposit Rate: Senior citizens will get more than 8 percent interest in these banks, know details

Senior Citizen Fixed Deposit Rate: If you are a Senior Citizen, and are planning to invest your money. So this news can prove to be useful for you. Some banks of the country are offering excellent interest on Senior Citizen Fixed Deposit to senior citizens.

Investing in it is considered very safe. Know how much interest is being received in which bank. In this news, you are being given information about interest on FD of many banks together. From which you can choose the right bank for yourself.. Know what are the complete details….

What is Fixed Deposit

According to the rules of the Reserve Bank of India (RBI), you can keep your money in a fixed deposit in a lump sum bank. On which you get the benefit of interest every year. This can be extended even further. In this, senior citizens get more interest.

Getting so much interest

To control inflation from the RBI, there has been a change in the repo rate several times since last year. In such a situation, the bank also provides you attractive schemes on Fixed Deposit. In this, whether it is Axis Bank, Canara Bank or Punjab National Bank, all banks are offering interest rates of 8 percent or more on many periods among rising FDs. In this, interest of 8 percent or more is being given to senior citizens.

People of this age group are senior

For this scheme, you should be 60 years or more and less than 80 years of age. These people are considered senior citizens in the country. A very senior citizen is one whose age is 80 years or more.

See at a glance more than 8 percent return on FD

• Punjab National Bank – Super Senior Citizens get 8.05% return on 666 days FD.
• Axis Bank – Senior citizens get 8.01% interest on FDs of less than 2 years to 30 months.
• DCB Bank – Senior citizens get 8.35% return on FDs ranging from 700 days to less than 36 months. 
• IDFC First Bank – In this bank, senior citizens are being given 8% return on FDs of 18 months – 1 day – 3 years.
• Yes Bank – In this bank, senior citizens get 8% interest on 25-month FD and 8.25% interest on 35-month special FD.
• In the same private banks HDFC Bank and ICICI Bank, senior citizens are getting 7.50 percent returns. 
• In Canara Bank , senior citizens are getting 7.65 percent interest on 444 days FD.