When it comes to the time for savings everyone looks for Fixed Deposits. There are several government and private banks that provide the Fixed Deposit service at different rates. Fixed Deposit has a fixed time after the time is over the bank returns the principal amount along with the interest. Fixed deposits offer better interest amounts as compared to savings or current accounts. Citizens who have enough money for the expenditure must have the FD for future requirements. Citizens who are above 60 years old and don’t have any future income source can go for the Senior Citizen Fixed Deposit. The interest rate can vary as per the bank. To provide the Senior Citizen Fixed Deposit Rates 2024 details here are some data. Applicants must go through the details provided in this article before making their Senior Citizen Fixed Deposit. To check the Fixed Deposit Rates bank-wise applicants can read the article carefully.
Senior Citizen FD Rates 2024
Fixed deposit is the best platform to make money lawfully. Citizens who are quite serious about their old age or future must have the Senior Citizen Fixed Deposit.
The applicants who are planning for the Senior Citizen Fixed Deposit and looking for Senior Citizen FD rates are informed that Senior Citizen FD Rates depend on the bank department. As the FD rates vary from bank to bank and time duration.
Senior Citizen Fixed Deposit Rates 2024
Citizens who are above 60 year old must have their Senior Citizen Fixed Deposit to have a source of income for the helpless time. Here are some Senior Citizen Fixed Deposit Rates 2024, interested applicants can check the Senior Citizen FD Rates 2024 Bank Wise.
To know more details regarding Senior Citizen FD Rates 2024, its benefits or eligibility applicants can read the article carefully.
Senior Citizen Fixed Deposit Benefits
There are various benefits for Senior Citizen Fixed Deposit. Applicants who are above 60 years come in the category of Senior Citizen. Through Senior Citizen Fixed Deposit applicants get the interest amount in better rates.
- The deposit tenure can be increased by the bank it all depends upon the customer.
- The interest rate depends on the period.
- After that time applicants will get the monthly income or applicants can withdraw the amount at any time.
- Applicants can approve the loan against FD.
Senior Citizen FD Rates 2024 Bank Wise
There are some banks’ FD Rates p.a mentioned below applicants can have a look at them.
| SR.Number | Name of Bank | FD Rates of 5 years | FD Rates above 5 years |
| 1 | State Bank Of India | 7.25% p.a. to 6.75% | 7.25% |
| 2 | HSBC Bank | 3.60% p.a. to 7.50% | – |
| 3 | Punjab National Bank | 6.80% p.a. to 7.00% | 7.30% |
| 4 | HDFC Bank | 7.10% p.a. to 7.70% | 7.75% |
| 5 | Canara Bank | 6.75% p.a. to 6.50% | 6.50% |
| 6 | IndusInd Bank | 4.00% to 8.25% | 7.50% |
| 7 | DCB Bank4 | 25% to 8.50% | 8.15% |
| 8 | IDFC First Bank | 4.00% to 8.00% | 7.50% |
| 9 | Lakshmi Vilas Bank | 2.50% to 7.00% | 6.75% |
| 10 | Yes Bank | 3.75% to 8.25% | 7.75% |
| 11 | Tamilnad Mercantile Bank | 5.25% to 7.75% | 7.00% |
| 12 | Repco Bank | 4.25% to 7.55% | – |
| 13 | Deutsche Bank | 3.00% to 7.75% | – |
| 14 | IDBI | 3.00% to 6.80% | 6.25% |
Senior Citizen Fixed Deposit Time Period
The time for Senior Citizen Fixed Deposit is 5 years presently it can be increased for 3 years later. Citizens who are interested in Senior Citizen Fixed Deposit can make their FD from here.
The interest amount depends upon the deposit duration. To get a better or higher interest rate applicant must have their Fixed Deposit minimum of 5 years as offered by the bank policy.
How To Choose Best Fixed Deposit for Senior Citizen
Citizens who are looking for a Senior Citizen Fixed Deposit must check all the bank’s FD Rates. To Choose the Best Fixed Deposit for Senior Citizens applicants must go to a bank that provides more interest rates in less time duration. To check the best interest rate applicants can go through the table mentioned in this article.
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