look news india
FD Rates: Are you also planning to invest in FD? Banks are giving excellent offers to senior citizens on three year FD. This FD helps senior citizens to create an emergency fund. FD provides liquidity as you can close it whenever you want and get the money in your bank account. The interest received on FD is taxable. At present, private and public sector banks are giving up to 7.75 percent interest on three-year FD to senior citizens. Here we are telling about the interest available on three year FD of top 10 banks. Also, how much interest will be received on investment up to Rs 1,00,000.
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%
The amount of Rs 1 lakh invested for three years will grow to Rs 1.22 lakh.