Latest FD Interest Rates for Senior Citizens
Latest FD Interest Rates for Senior Citizens Most senior citizens prefer fixed deposits to invest their money. Banks also offer higher interest rates to senior citizens on their FDs Here is a look at senior citizen FD (fixed deposit) interest rates for amounts below Rs 2 crore across various tenors of 11 top banks such as SBI, HDFC Bank, ICICI Bank, Union Bank of India, Indian Bank, Bank of Baroda, PNB, Kotak Mahindra Bank, Axis Bank, Yes Bank, Canara Bank SBI FD Interest Rates 2023 State Bank of India FD interest rates for amounts below Rs 2 crore SBI offers interest rates between 3.5% to 7.5% for tenure ranging from 7 days to 10 years. These are the rates applicable from February 15, 2023. The bank offers 7.6% on special deposit if Amrit kalash. According to the website, “The specific tenor scheme of “400 days” (Amrit Kalash) at Rate of Interest of 7.10 % w.e.f. 12- April- 2023. Senior Citizens are eligible for rate of interest of 7.60%. The Scheme will be valid...