{"id":26903,"date":"2024-04-15T12:18:12","date_gmt":"2024-04-15T12:18:12","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/15\/high-fd-interest-rates-for-senior-citizens-get-up-to-8-1-on-3-year-fixed-deposits-check-banks-list-here-business-times-of-india\/"},"modified":"2024-04-15T12:18:12","modified_gmt":"2024-04-15T12:18:12","slug":"high-fd-interest-rates-for-senior-citizens-get-up-to-8-1-on-3-year-fixed-deposits-check-banks-list-here-business-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/15\/high-fd-interest-rates-for-senior-citizens-get-up-to-8-1-on-3-year-fixed-deposits-check-banks-list-here-business-times-of-india\/","title":{"rendered":"High FD interest rates for senior citizens: Get up to 8.1% on 3-year fixed deposits; check banks list here | Business – Times of India"},"content":{"rendered":"
\"High<\/div>\n
Fixed Deposit rates for senior citizens: Senior citizens seeking lucrative investment options can benefit from attractive fixed deposit (FD) interest rates offered by both public and private sector banks. They can earn up to 8.1% interest on three-year FDs, with this rate applicable for deposits up to Rs 2 crore. Senior citizens looking to invest should take advantage of the current high-interest rates in the market.
As per an ET report, here are the highest FD interest rates for senior citizens over three years offered by different banks:
1. DCB Bank<\/span>
Offers 8.1% interest rate on FDs maturing between 26 months and less than 37 months for senior citizens.
2. RBL Bank<\/span>
Provides 8% interest rate on FDs maturing between 24 months one day and 36 months for senior citizens.
3. YES Bank<\/span>
Offers an 8% interest rate on FDs maturing between 36 months and less than 60 months for senior citizens.
4. Bandhan Bank<\/span>
Provides an interest rate of 7.75% on FDs maturing between three years and less than five years for senior citizens.
5. Bank of Baroda<\/span>
Offers an interest rate of 7.75% on FDs maturing between more than two years and up to three years for senior citizens.
ALSO READ | <\/span>Corporate FDs vs Bank FDs: Which one should you opt for? Let\u2019s compare<\/a>
6. IDFC Bank<\/span>
Provides an interest rate of 7.75% on FDs maturing between two years one day and three years for senior citizens.
7. IndusInd Bank<\/span>
Offers an interest rate of 7.75% on FDs maturing between two years 9 months and three years three months for senior citizens.<\/p>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Bank name<\/strong><\/td>\nInterest rate<\/strong><\/td>\n<\/tr>\n
DCB Bank<\/td>\n8.10%<\/td>\n<\/tr>\n
RBL Bank<\/td>\n8%<\/td>\n<\/tr>\n
YES Bank<\/td>\n8%<\/td>\n<\/tr>\n
Bandhan Bank<\/td>\n7.75%<\/td>\n<\/tr>\n
Bank of Baroda<\/td>\n7.75%<\/td>\n<\/tr>\n
IDFC Bank<\/td>\n7.75%<\/td>\n<\/tr>\n
IndusInd Bank<\/td>\n7.75%<\/td>\n<\/tr>\n
Axis Bank<\/td>\n7.60%<\/td>\n<\/tr>\n
Kotak Mahindra Bank<\/td>\n7.60%<\/td>\n<\/tr>\n
Punjab National Bank<\/td>\n7.50%<\/td>\n<\/tr>\n
HDFC Bank<\/td>\n7.50%<\/td>\n<\/tr>\n
ICICI Bank<\/td>\n7.50%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

Source: From Paisabazaar.com as of April 7, 2024, cited by ET<\/span>
8. Axis Bank<\/span>
Provides an interest rate of 7.6% on FDs maturing between three years and less than five years for senior citizens.
9. Kotak Mahindra Bank<\/span>
Offers an interest rate of 7.6% on FDs maturing in three years for senior citizens.
ALSO READ | <\/span>PPF account maturity: What are the options available once your Public Provident Fund matures?<\/a>
10. Punjab National Bank<\/span>
Provides an interest rate of 7.5% on FDs maturing between more than two years and up to three years for senior citizens.
11. HDFC Bank<\/span>
Offers an interest rate of 7.5% on FDs maturing between two years 11 months one day and three years for senior citizens.
12. ICICI Bank<\/span>
Provides an interest rate of 7.5% on FDs maturing between more than two years and three years for senior citizens.
It’s important to note that the interest earned on three-year FDs is taxable for all taxpayers. Additionally, banks will deduct tax at source (TDS) if the interest exceeds a certain threshold.<\/div>\n