FD Rate: Senior citizens invest in FDs for capital protection and regular income flows after retirement. The interest received on FD works like regular income. Interest received on FD is taxable
FD Rate: Senior citizens invest in FDs for capital protection and regular income flows after retirement. The interest received on FD works like regular income. Interest received on FD is taxable. Many private sector banks in the country offer 8.10 percent interest. Here we are telling how much interest the banks are offering to senior citizens on three-year FDs. How much interest they will get on investing one lakh rupees, it has been told.
SBM Bank India FD
SBM Bank India is offering 8.10 percent interest rate on three-year FD for senior citizens. Rs 1 lakh invested for three years will grow to Rs 1,27,198.
DCB Bank
DCB Bank is offering 8.05 percent interest rate on three-year FDs for senior citizens. Rs 1 lakh invested for three years will grow to Rs 1,27,011.
RBL Bank
RBL Bank and Yes Bank are offering 8 percent interest on three-year FDs for senior citizens. Rs 1 lakh invested for three years will grow to Rs 1,26,824.
Bandhan Bank
Bandhan Bank, IDFC First Bank and IndusInd Bank are offering 7.75 percent interest on three-year FDs for senior citizens. Rs 1 lakh invested for three years will grow to Rs 1,25,895.
Axis Bank
Axis Bank and Kotak Mahindra Bank are offering 7.60 percent interest on three-year FDs for senior citizens. Rs 1 lakh invested for three years will grow to Rs 1,25,340.
Federal Bank
Federal Bank, HDFC Bank and ICICI Bank are offering 7.50 per cent interest on three-year FDs for senior citizens. Rs 1 lakh invested for three years will grow to Rs 1,24,972.
