Fixed deposits (FD) are a simple and secure investment choice for senior citizens. It is a non market linked investment that allows its investors to invest a lump sum amount and get returns in the form of interest.
Check out the interest rates for 1-year senior citizen FDs of State Bank of India (SBI), HDFC Bank, and ICICI Bank. Also, learn what will you get in maturity on Rs 5 lakh investment in each guaranteed return scheme.
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SBI FD interest rate for senior citizen
SBI offers an interest rate of 7.30 per cent in 1 year.
What will be the corpus if you invest Rs 5 lakh in SBI senior citizen FD for 1 year?
If you deposit Rs 5 lakh for 1 year, you will get estimated Rs 5,37,511 on maturity.
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HDFC Bank interest rate for senior citizen
HDFC Bank offers an interest rate of 7.10 per cent in 1 year.
What will be the corpus if you invest Rs 5 lakh in senior citizen FD for 1 year in HDFC Bank?
If you deposit Rs 5 lakh for 1 year, you will get estimated Rs 5,36,456 on maturity.
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ICICI Bank’s senior citizen interest rate
ICICI Bank offers an interest rate of 7.20 per cent in 1 year.
What will be the corpus if you invest Rs 5 lakh in senior citizen FD for 1 year in ICICI bank?
If you deposit Rs 5 lakh for 1 year, you will get estimated Rs 5,36,984 on maturity.
