Senior Citizen FD Interest Rates India: Senior citizens give first priority to keeping their investments safe. Perhaps this is the reason why even today bank FD remains their first choice. Regular and fixed returns on FD make it so famous. However, the interest rates of different government and private banks change.

In such a situation, it is important that money is invested where it gets more interest. With this you can earn more profits than others. If you also fall in the category of senior citizens and are planning for FD in a bank, then you must compare the interest rates of different banks. Let us know about them…

Interest rates of various government banks

Senior citizen customers are getting attractive interest rates on fixed deposits in government banks. According to available information, Bank of Baroda is giving returns at the rate of 7 percent to senior citizens. Whereas 6.90 percent interest is being offered by Punjab National Bank.

Central Bank of India is giving returns on FD to senior citizens at the rate of 6.75 percent. Talking about other government banks, both Bank of Maharashtra and Union Bank of India are offering 6.70 percent interest rate for senior citizens.

private bank interest rates

Even in private sector banks, senior citizen customers are getting attractive interest rates on fixed deposits. According to the information, Yes Bank is giving 7.75 percent return to senior citizens. Whereas both Bandhan Bank and RBL Bank are offering interest at the rate of 7.70 percent.

Apart from this, IDFC First Bank and IndusInd Bank are providing returns on FD at the rate of 7.50 percent to senior citizen customers. In this way, competitive interest rates on FD investment for senior citizens are being seen in private banks also.

Also read: Long Term SIP Calculation; Complete calculation of possible returns on investment from Rs 1000 to Rs 3000, know details