look news india
Investors' trust in fixed deposits (FD) is now increasing. Many people are investing in it for short and long term. The biggest reason for this is that now more interest is being received on FD. Also, the investment made here is not linked to the stock market. In such a situation, investing in it gives a fixed return. Many banks also keep bringing special schemes related to FD from time to time. At present, many banks are giving more than 8 percent interest on FD. However, this interest is being given to senior citizens i.e. people whose age is more than 60 years. If you are more than 60 years old, then you can create a big fund by investing in the FD of these banks.
These FD schemes for senior citizens are for one year, two years and three years. The banks giving more than 8 percent return are private. At the same time, many banks are giving up to 8 percent interest on senior citizen FDs up to Rs 3 crore maturing in 5 years. If we talk about tax saving FDs, then they are not getting much interest. This interest is even less than 8 percent. Let us tell you that by investing in FD for 5 years or more, you can cut income tax. This deduction is available under section 80C of Income Tax. You can deduct a maximum of Rs 1.50 lakh.
RBL Bank
This bank is giving the highest interest on FD to senior citizens. This bank is giving 8.50 percent annual interest on two-year FD. If you invest Rs 10,000 in it, then after two years this amount will increase to Rs 11832.
yes bank
Yes Bank is also giving up to 8.50% interest on FD to senior citizens. If a senior citizen invests for 18 months, he will also get the same interest. Investing 10 thousand rupees for 18 months will give 11772 rupees.
Bandhan Bank
Bandhan Bank is giving the highest interest to senior citizens on one year investment. This interest is 8.35%. If you invest 10 thousand rupees in it, then after one year this amount will increase to Rs 10862.
Indusind Bank
Indusind Bank is also giving more than 8 percent return on FD to senior citizens. This bank is giving interest at the rate of 8.25 percent on both one year and two year investment. If a senior citizen invests Rs 10,000 for one year, he will get Rs 10851 and on two year investment, he will get Rs 11772.
DCB Bank
DCB Bank is also giving more than 8 percent interest to senior citizens. However, this offer is only for 3 years of investment. If a senior citizen invests Rs 10,000 in this bank for 3 years, then he will get Rs 12701 at the rate of 8.05 percent.
