Image Credit by Google
In comparison to other investors, seniors receive more interest on fixed deposits.
Image Credit by Google
Here, we've analysed the interest rates prominent banks like SBI, HDFC Bank, Canara Bank, ICICI Bank and PNB provide to old age persons.
Image Credit by Google
Senior Citizen FD Rate: The repo rate was recently raised by the RBI by 35 basis points, bringing it to 6.25 percent.
Image Credit by Google
On any FD, older citizens will receive 50 basis points more interest than normal depositors, according to the PNB bank's website.
Image Credit by Google
For FDs under Rs 2 crore with terms ranging from 7 days to 10 years, the bank is providing senior citizens interest rates between 4% and 7.75%.
Image Credit by Google
On FDs up to Rs 2 crore, ICICI Bank has raised interest rates by as much as 60 basis points.
Image Credit by Google
Following the increase, the bank now offers interest rates for terms ranging from 7 days to 10 years that vary from 3.5% to 7.50%.
Image Credit by Google
The interest rates on FDs under Rs 2 crore were raised at Public Sector Bank Canara Bank.
Image Credit by Google
On FDs with maturities ranging from 7 days to 10 years, the bank offers senior citizens interest rates ranging from 3.25% to 7.50%.