Compare FD rates at SBI, PNB, Indian Bank, Union Bank, and RBL Bank: Get exclusive deals for senior citizens 60+ years old

Many major banks in India have revised their fixed deposit (FD) rates or launched new products for super senior citizens (aged 80 years and above). These banks offer super senior citizens 25-75 basis points (bps) higher interest rates than regular customers. The article compares the interest rates on term deposits offered by State Bank of India, Punjab National Bank, Indian Bank, Union Bank of India, and RBL Bank to super senior citizens. The rates range from 7.60% to 8.75% per annum, with some banks offering additional interest rates of up to 1% for super senior citizens. For example, SBI’s “SBI Patrons” scheme offers 7.60% interest on a 2-year tenure, while RBL Bank offers 8.75% interest on a 500-day tenure. The article provides details on the rates and conditions offered by each bank.