Fixed Deposits (FDs) continue to be a preferred investment choice for senior citizens, providing both security and steady income.
With interest rates up to 7.75% on three-year FDs, several banks are enticing senior citizens with attractive returns.
Here’s a breakdown of the top ten banks offering competitive interest rates for senior citizens aged 60 and above.
Bank of Baroda:
Interest Rate: 7.75% on three-year FDs
Investment Growth: Rs 1 lakh invested for three years will grow to Rs 1.26 lakh.
Axis Bank:
Interest Rate: 7.60% on three-year FDs
Investment Growth: Rs 1 lakh invested for three years will grow to Rs 1.25 lakh.
HDFC Bank, ICICI Bank, and Punjab National Bank:
Interest Rate: 7.50% on three-year FDs
Investment Growth: Rs 1 lakh invested for three years will grow to Rs 1.25 lakh.
Canara Bank:
Interest Rate: 7.30% on three-year FDs
Investment Growth: Rs 1 lakh invested for three years will grow to Rs 1.24 lakh.
State Bank of India and Bank of India:
Interest Rate: 7.25% on three-year FDs
Investment Growth: Rs 1 lakh invested for three years will grow to Rs 1.24 lakh.
Union Bank of India:
Interest Rate: 7.00% on three-year FDs
Investment Growth: Rs 1 lakh invested for three years will grow to Rs 1.23 lakh.
Indian Bank:
Interest Rate: 6.75% on three-year FDs
Investment Growth: Rs 1 lakh invested for three years will grow to Rs 1.22 lakh.
