Fixed Deposit: Senior citizens are happy, these banks have announced bumper interest on 5 year FD..

Senior Citizens FD (Fixed Deposit) is still a favorite investment option, especially for senior citizens. Despite many new options, its popularity remains because it is a traditional and safe investment. Bank FDs have insurance cover under the Deposit Insurance and Credit Guarantee Corporation.

This cover is up to Rs 5 lakh per depositor per bank. The tenure of FD ranges from 7 days to 10 years. We will know which banks are offering the highest interest rate on FD to senior citizens.

SBI Senior Citizen FD-

SBI is offering a 7.50 percent interest rate to senior citizens (SBI Senior Citizen FD Scheme) on FDs ranging from 5 years to 10 years.

Canara Bank Senior Citizen FD-

Canara Bank is offering a 7.20% interest rate to Senior Citizens (Canara Bank Senior Citizens FD Rates) on FDs ranging from 5 years to 10 years.

PNB Senior Citizen FD-

Punjab National Bank is offering 7% interest rate to Senior Citizens (Punjab National Bank Senior Citizen FD Rates) on FDs ranging from 5 years to 10 years.

HDFC Bank FD-

HDFC Bank is offering a 7.50% interest rate to Senior Citizens (HDFC Bank Senior FD Rates) on FDs ranging from 5 years to 10 years.

ICICI Bank FD-

ICICI Bank is offering a 7.50% interest rate to Senior Citizens (HDFC Bank Senior FD Rates) on FDs ranging from 5 years to 10 years.

Axis Bank FD-

Axis Bank is offering a 7.75% interest rate to senior citizens on FDs ranging from 5 years to 10 years.

Yes Bank FD-

Yes Bank is offering tax-saving FDs to senior citizens with an interest rate of 8 percent.

DCB Bank FD-

DCB Bank is offering tax-saving FDs with an interest rate of 7.90 percent.

Dhanlaxmi Bank and IndusInd Bank are offering tax-saving FDs with an interest rate of 7.75 percent.

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