FD Rates: FD is famous among senior citizens, which helps them in creating emergency fund and even saving. FD provides liquidity and also gives regular interest income. Interest on FD is taxable
FD Rates: FD is famous among senior citizens, which helps them in creating emergency fund and even saving. FD provides liquidity and also gives regular interest income. Interest on FD is taxable. Currently, private and public sector banks are giving up to 7.75 percent interest on three-year FD to senior citizens.
Here are the top ten banks which are offering attractive interest on three year FD. Here we are telling you about the interest being given on three year FD to senior citizens above 60 years of age.
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.
