Super Senior Citizen Fixed Deposit: There will be money in old age, these banks are giving huge returns on fixed deposits to the elderly

Super Senior Citizen Fixed Deposit Interest: After crossing the age of 80, the body starts giving up slowly. If there is a problem with money in that too, then old age starts giving more pain. Banks have made a special scheme to support the weakening body of such elderly with money. Through this, one can make a lot of money even after crossing the age of 80 and can make old age fun by being very rich. Banks have named it the Super Senior Fixed Deposit Scheme. Under this, the interest rate will be given more than the interest rate given to common people, even to elderly people below the age of 80.

How much interest rate will super senior citizens get

State Bank, PNB, Indian Bank, and RBL Bank have launched the Super Senior Fixed Deposit Scheme to provide higher fixed deposit returns to senior citizens aged 80 years and above. State Bank of India has named this scheme SBI Patron. For this, interest will be given at the rate of 7.60 percent on fixed deposit schemes ranging from two years, less than three years, five years, and 10 years. Which is more than the interest rate available on fixed deposits for senior citizens or people aged between 60 to 80 years. Punjab National Bank is giving a return of 8.10 percent to super senior citizens on a 400-day fixed deposit.

The process has also been simplified in special schemes.

Indian Bank is giving interest at the rate of 8.05 percent for 400 days and 7.80 percent for 300 days under IND SUPER 400 DAYS scheme. Similarly, the Union Bank of India gives 0.25 percent more than the fixed deposit return given to senior citizens. Banks have also simplified the process to give the benefit of these fixed deposit schemes to super senior citizens.

Disclaimer: This content has been sourced and edited from abplive.com. While we have made modifications for clarity and presentation.