Banks such as State Bank of India (SBI), Bank of Baroda (BoB), ICICI Bank, HDFC Bank, Punjab National Bank (PNB) and Canara Bank offer up to 7.75% interest rate on 5-year FDs to senior citizens, as per Paisabazaar.com data.
5 banks that provide FD interest rates of up to 7.75% to senior citizens: Fixed deposit (FD) is a popular investment option for individuals seeking stability and guaranteed returns. Banks offer FDs of different tenures to people of different age groups, including senior citizens. Most of the banks offer higher interest rates to senior citizens than general citizens. One of the reasons behind this…
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