The article discusses the high-interest rate fixed deposits (HARD) offered by four major Indian banks to super senior citizens, i.e., those who are 80 years or above. The banks compared are State Bank of India (SBI), Punjab National Bank (PNB), Union Bank of India, and Reserve Bank of India (RBI). Here is a summary:
* SBI offers a maximum interest rate of 6.70% for 2-year fixed deposits for super seniors, with a minimum deposit of ₹1 lakh.
* PNB offers a maximum rate of 6.50% for 2-year fixed deposits, with a minimum deposit of ₹10,000.
* Union Bank of India offers a maximum rate of 6.40% for 2-year fixed deposits, with a minimum deposit of ₹5,000.
* RBL (Yes Bank) and Indian Bank do not offer exclusive high-interest rates for super seniors.
Overall, SBI offers the highest interest rate among the four banks, followed closely by PNB. These high-interest rate fixed deposits can be a good option for super senior citizens looking for a safe and stable investment with a competitive interest rate. However, it’s essential to review and compare the terms and conditions before investing.