The Super Senior Citizen Fixed Deposit scheme is a unique investment opportunity offered by some banks, including State Bank, PNB, Indian Bank, and RBL, for individuals above 80 years of age. This scheme provides higher interest rates compared to regular senior citizens’ fixed deposit schemes. For example, SBI’s Patron scheme offers 7.60% interest on fixed deposits of 2-3 years, 5 years, and 10 years, while PNB offers 8.10% interest on 400-day fixed deposits. The process to join the scheme is straightforward, and older adults can quickly open an account in these banks. This scheme is designed to help Super Senior Citizens become financially strong and wealthy in their old age. It is essential to join the scheme in time, as missing the opportunity will mean missing the chance to earn higher returns.
Unlock higher interest rates with top banks like SBI, PNB, and more – a superannuation plan for seniors to maximize their hard-earned savings
by newsworm | Jan 12, 2025 | Banking, Indian Bank, RBL Bank, State Bank of India