look news india
It is everyone’s dream, especially our senior citizens, to keep their lifetime savings in a safe place and get good interest on it. Even though thousands of new methods of investment have come today, trust in bank fixed deposits (FD) still persists.
If you are also planning to invest your hard earned money in FD, then this news is for you only. The good thing is that banks always give slightly higher interest on FD to senior citizens than the common people.
So let us know which big banks are giving the best interest on FD to senior citizens in 2025.
Highest profit in short time: IndusInd Bank
If you want to keep money for a short period, i.e. 6 months to 1 year, then IndusInd Bank Is at the forefront. This bank is for senior citizens 7.5% It is offering excellent interest, which is the best among private banks.
Axis Bank for long term
For those who want to invest for a longer period like 5 to 10 years, Axis Bank Is a great option. this bank 7.35% Is offering attractive interest rate of Rs.
Big banks giving 7.10% interest
There are many big private banks which provide loans to senior citizens at different tenures. 7.10% Offering good interest:
- HDFC Bank: On FD of 18 to 21 months.
- ICICI Bank: On FD ranging from about 2 years to 10 years.
- Kotak Mahindra Bank: On FD of approximately 13 months to 23 months.
Great offers in government banks also
If you have more faith in government banks, then you will not be disappointed there too.
- Union Bank, Bank of Baroda (BoB), and Punjab National Bank (PNB) also to senior citizens 7.10% Are paying interest up to.
- The country’s largest government bank, SBIis also not far behind. This is on FD of 5 to 10 years 7.05% Is paying interest.
In short, whether it is a private bank or a government bank, investing in FD is a very safe and beneficial deal for senior citizens at this time.
Advice: Before investing, be sure to visit your nearest bank branch to confirm the latest rates as they may change from time to time.