FD interest rates: While interest rates on senior citizen fixed deposits have gone up this year, long-term deposits of 5 to 10 years haven’t changed much.
That means 5 banks including SBI, Bank of Baroda, ICICI are offering 7.5% interest to senior citizens on deposits of 5 to 10 years.
HDFC Bank is currently offering a higher interest rate of 7.75% on long-term fixed deposits for senior citizens.
Accordingly, following is the list of banks with index and interest rates offered to senior citizens on deposits of 5 to 10 years below ₹2 crore:-
HDFC Bank
HDFC Bank offers senior citizens an interest rate of 7.75% on deposits ranging from 5 years 1 day to 10 years.
State Bank of India
State Bank of India offers senior citizens an interest rate of 7.5% on deposits between 5 years and 10 years.
AU Small Finance Bank
AU Small Finance Bank offers senior citizens an interest rate of 7.71% on deposits ranging from 5 years to 10 years.
Axis Bank
Axis Bank offers senior citizens 7% interest rate on deposits between 5 years and 10 years.
Bandhan Bank
Bandhan Bank offers senior citizens an interest rate of 6.6% on deposits of 5 years to 10 years.
Kotak Mahindra Bank
Kotak Mahindra Bank offers an interest rate of 6.7% to senior citizens for deposits of 5 years to 10 years.
Punjab National Bank
Punjab National Bank offers an interest rate of 7.3% for senior citizens and super senior citizens on deposits of 5 years and 10 years.
