Senior Citizen: Government bank made senior citizens happy, Rs 26000 interest on FD of Rs 1 lakh..

Nowadays there are many investment options available in the market, and FD is also one of them. Due to FD being considered a safe investment, people's inclination towards investing in it is also increasing. Not only the youth but also the elderly need to contribute to investment options like FD (FD interest rates for senior citizens) for their secure financial life. The interest rates of FD in different banks vary according to their duration and investment rules. At present, many banks are giving tremendous returns on FD to senior citizens. Let us know about these banks.

Benefits of investing in FD -

FD is a way of investment in which money is safe and returns are also guaranteed. Many people prefer this option because there is security of money in FD (Fixed Deposit investment). If you also want to make such an investment, then some banks are offering the highest interest rates to senior citizens for 3 years. Here you can earn good profit by investing your money (FD interest rates), such as by investing Rs 1 lakh, you can get a profit of up to Rs 26,000.

Bank of Baroda-

The interest rate of Bank of Baroda is 7.75 percent (BOB FD interest rate), which increases Rs 1 lakh to Rs 1.26 lakh in three years. Senior citizens get the most benefit from this bank, making it an attractive option. The high interest rate here provides them with better returns.

Axis Bank -

The interest rate of Axis Bank is 7.60 percent (Axis Bank FD interest rates), which increases Rs 1 lakh to Rs 1.25 lakh in three years. Senior citizens get better interest rates in this bank, which attracts them. The stable interest rate of the bank is suitable for investors.

HDFC, ICICI Bank and Punjab National Bank -

The interest rate in HDFC Bank, ICICI Bank, and Punjab National Bank is 7.50 percent, which makes Rs 1 lakh into Rs 1.25 lakh in three years. Senior citizens (HDFC FD interest rates for senior citizens) are also getting benefits in these banks. Due to their interest rate being the same, all of them are a good option.

Canara Bank-

The interest rate of Canara Bank is 7.30 percent (Canara Bank FD interest rates), which makes Rs 1 lakh into Rs 1.24 lakh in three years. Senior citizens also get interest, but its interest rate is slightly lower than other banks. This bank is right for those who want to invest at a slightly lower interest rate.

State Bank of India (SBI)-

The interest rate of State Bank of India (State Bank of India) is 7.25 percent (SBI bank FD rate), which makes Rs 1 lakh into Rs 1.24 lakh in three years. Senior citizens are also getting benefits here, although the interest rate is slightly lower. This bank is known for its stability and trust.

Indian Bank-

Indian Bank's interest rate is 6.75 percent (Indian Bank FD interest rates), which makes Rs 1 lakh into Rs 1.22 lakh in three years. Here senior citizens get less interest than other banks, which makes it less attractive. However, it can be a safe option.

Bank of India and Union Bank of India-

The interest rate in the Bank of India and Union Bank of India is 7 percent (UBI FD interest rates for senior citizens), which makes Rs 1 lakh into about Rs 1.25 lakh in three years. Senior citizens get reasonable interest in these banks. These banks provide the right interest rate and reliability.

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