Latest senior citizen bank fixed deposit (FD) interest rates in India for 2023 Banks also provide greater interest rates on FDs to senior folks. Here are the senior citizen FD (fixed deposit) interest rates for balances less than Rs 2 crore
Most senior citizens prefer fixed deposits to invest their money. Banks also offer higher interest rates to senior citizens on their FDs.Here is a look at senior citizen FD (fixed deposit) interest rates for amounts below Rs 2 crore across various tenors of 11 top banks such as SBI, HDFC Bank, ICICI Bank, Union Bank of India, Indian Bank, Bank of Baroda, PNB, Kotak Mahindra Bank, Axis Bank, Yes Bank, Canara Bank.
State Bank of India FD interest rates for amounts below Rs 2 crore
SBI offers interest rates between 3.5% to 7.5% for tenure ranging from 7 days to 10 years. These are the rates applicable from February 15, 2023. The bank offers 7.6% on special deposit if Amrit kalash.According to the website, “The specific tenor scheme of “400 days” (Amrit Kalash) at Rate of Interest of 7.10 % w.e.f. 12- April- 2023. Senior Citizens are eligible for rate of interest of 7.60%. The Scheme will be valid till 15-August-2023."
TenorsRates w.e.f. 15/02/20237 days to 45 days3.546 days to 179 days5180 days to 210 days5.75211 days to less than 1 year6.251 Year to less than 2 years7.32 years to less than 3 years7.53 years to less than 5 years75 years and up to 10 years7.50@ 400 days (Special Scheme i.e. “ Amrit Kalash”)7.6
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HDFC Bank senior citizen FD rates
HDFC Bank offers interest rates between 3.5% to 7.75% for tenure ranging from 7 days to 10 years. These rates are applicable from May 29, 2023.TenureSenior Citizen Rates (per annum)7 - 14 days3.50%15 - 29 days3.50%30 - 45 days4.00%46 - 60 days5.00%61 - 89 days5.00%90 days 5.00%6 months 1 days 6.25%9 months 1 day to 6.50%1 year to 7.10%15 months to 7.60%18 months to 7.50%21 months - 2 years7.50%2 Years 1 day to 7.50%2 Years 11 Months - 35 Months7.70%2 Years 11 Months 1 day 7.50%3 Years 1 day to 7.50%4 Year 7 Months - 55 months7.75%4 Year 7 Months 1 day 7.50%5 Years 1 day - 10 Years7.75%*
According to the HDFC Bank website, “Enjoy HIGHER FD Rates @7.20% on tenure 35 months and @7.25% on tenure 55 months. Senior Citizen benefits 0.50% EXTRA!...So Hurry! Valid for Limited Period only!”
ICICI Bank senior citizens FD rates
ICICI Bank offers interest rates between 3.50% to 7.60% for tenure ranging from 7 days to 10 years. These rates are applicable from February 24, 2023.TenureSenior Citizen7 days to 14 days3.50%15 days to 29 days3.50%30 days to 45 days4.00%46 days to 60 days4.75%61 days to 90 days5.00%91 days to 120 days5.25%121 days to 150 days5.25%151 days to 184 days5.25%185 days to 210 days6.25%211 days to 270 days6.25%271 days to 289 days6.50%290 days to less than 1 year6.50%1 year to 389 days7.20%390 days to 7.20%15 months to 7.60%18 months to 2 years7.60%2 years 1 day to 3 years7.50%3 years 1 day to 5 years7.50%5 years 1 day to 10 years#7.50%5 Years (80C FD) – Max to `1.50 lac7.50%
Union Bank of India senior citizen FD rates
Union Bank of India offers interest rates between 3.5% to 7.5% for tenure ranging from 7 days to 10 years. The new rates are applicable from May 23, 2023.Kotak Mahindra bank FD interest rates
Kotak Mahindra bank offers senior citizen fixed deposit interest rates between 3.25% to 7.70% for tenure ranging from 7 days to 10 years. These rates are applicable from May 11, 2023.Maturity Periods Senior Citizen7 - 14 Days3.25%15 - 30 Days3.50%31 - 45 Days3.75%46 - 90 Days4.00%91 - 120 Days4.50%121 - 179 days4.75%180 Days7.50%181 Days to 269 Days6.50%270 Days6.50%271 Days to 363 Days6.50%364 Days7.00%365 Days to 389 Days7.60%390 Days (12 months 25 days)7.70%391 Days - Less than 23 Months7.70%23 Months7.70%23 months 1 Day- less than 2 years7.70%2 years- less than 3 years7.50%3 years and above but less than 4 years7.00%4 years and above but less than 5 years6.75%5 years and above upto and inclusive of 10 years6.70%
Punjab National Bank FD interest rates for senior citizens and super senior citizens
PNB offers senior citizens fixed deposit interest rates between 4% to 7.75% for tenure ranging from 7 days to 10 years and for super senior citizen, interest rates vary between 4.30% to 8.05%. These rates are applicable from June 1, 2023.Period Rates For Senior Citizens Rates For Super Senior Citizens 7 to 14 days44.315 to 29days44.330 to 45 days44.346 to 90 days55.391 to 179 days55.3180 days to 270 Days66.3271 days to less than 1 year6.36.61 year7.257.55above 1 year to 443 days7.37.6444 days7.758.05445 days to 665 days7.37.6666 days7.557.85667 days to 2 years7.37.6above 2 year & upto 3 years7.57.8above 3 year & upto 5 years77.3above 5 years & upto 10 years7.37.3
Canara Bank senior citizens FD interest rates
Canara Bank offers interest rates between 4% to 7.75% for tenure ranging from 7 days to 10 years. These rates are applicable from April 4, 2023Term Deposits (All Maturities)Senior CitizenRate of Interest (% p.a.) #7 Days to 45 Days446 Days to 90 Days5.2591 Days to 179 Days5.5180 Days to 269 Days6.75270 Days to less than 1 Year71 Year Only7.5444 Days7.75Above 1 Year to less than 2 Years7.42 Years & above to less than 3 Years7.353 Years & above to less than 5 Years7.35 Years & above to 10 Years7.2
Indian Bank FD interest rates
Indian Bank offers interest rates between 3.25% to 7.75% for tenure ranging from 7 days to 10 years. These rates are applicable from March 4, 2023.
Bank of Baroda FD interest rates
Bank of Baroda offers interest rates between 3.50*% to 7.55% for tenure ranging from 7 days to 10 years for senior citizens.
TenorsResident Indian Sr. Citizen7 days to 14 days3.50*15 days to 45 days3.50*46 days to 90 days5.00*91 days to 180 days5.00*181 days to 210 days5.75*211 days to 270 days6.25*271 days & above and less than 1 year6.25*1 year7.25*Above 1 year to 400 days7.25*Above 400 days and upto 2 Years7.25*Above 2 Years and upto 3 Years7.55*Above 3 Years and upto 5 Years7.15 #Above 5 Years and upto 10 Years7.50***Above 10 years (MACT/MACAD6.75*Court Order schemes only)399 Days (Baroda Tiranga Plus Deposit Scheme)7.75*(* incl. additional ROI 0.50%, # incl. additional ROI of 0.50+0.15, *** incl. additional ROI of 0.50%+0.50%)
Axis Bank FD interest rates for senior citizens
Axis Bank offers interest rates between 3.50% to 7.85% for tenure ranging from 7 days to 10 years for senior citizens. These rates are effective from May 18, 2023.Yes Bank FD interest rates for senior citizens
Yes Bank offers interest rates between 3.75% to 8.25% for tenure ranging from 7 days to 10 years for senior citizens. These rates are applicable from May 2, 2023.
Period Senior Citizens***Interest Rates7 days to 14 days3.75%15 days to 45 days4.20%46 days to 90 days4.60%91 days to 180 days5.25%181 days to 271 days6.50%272 days to 6.75%1 Year to 8.00%18 Month 8.25%36 months to 7.75%** Interest rates are subject to change at the sole discretion of the Bank.
*** Senior Citizen rates are applicable only for Domestic Deposits.
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This story originally appeared on: India Times - Author:Faqs of Insurances
