Senior Citizen Fixed Deposit Rates: Fixed Deposit (FD) schemes remain a favored option among seniors for the security they provide alongside guaranteed returns. Unlike market-linked investments, FDs ensure the safety of senior citizens’ deposits while offering competitive interest rates. Seniors have the flexibility to withdraw interest at their convenience, be it monthly, quarterly, half-yearly, or annually, providing a reliable source of income to cover expenses and attain financial independence in their later years. Major banks in India actively promote FD investments among seniors, offering them preferential interest rates compared to the general populace. Institutions such as the State Bank of India (SBI), Punjab National Bank (PNB), Canara Bank, HDFC Bank, and ICICI Bank are among those extending higher interest rates to senior citizens. Explore the current senior citizen FD interest rates offered by these banks in this comprehensive overview (Source: Paisabazaar.com).
State Bank of India (SBI)
- Senior Citizen: 7.60% for 400 days – Amrit Kalash
- Super Senior Citizen: Not specified
Punjab National Bank (PNB)
- Senior Citizen: 7.75% for 400 days
- Super Senior Citizen: 8.05% for tenures up to 5 years
Bank of Baroda
- Senior Citizen: 7.75% for above 2 years to 3 years
- Super Senior Citizen: Not specified
Canara Bank
- Senior Citizen: 7.75% for 444 days
- Super Senior Citizen: Not specified
HDFC Bank
- Senior Citizen: 7.75% for 18 months to less than 21 months
- Super Senior Citizen: Not specified
ICICI Bank
- Senior Citizen: 7.75% for 15 months to 2 years
- Super Senior Citizen: Not specified
Kotak Mahindra Bank
- Senior Citizen: 7.90% for 390 days to less than 23 months
- Super Senior Citizen: Not specified
