Investing in FD can be a right decision. If you are a senior citizen and are planning to invest, then this information is going to prove useful for you. Many banks in the market are offering higher interest rates on 3 year FD to their senior citizen customers. The names of Bank of Baroda, Axis Bank and Punjab National Bank are included in this list.
Investing in FD can be a right decision. If you are a senior citizen and are planning to invest, then this information is going to prove useful for you.
Many banks in the market are offering higher interest rates on 3 year FD to their senior citizen customers. The names of Bank of Baroda, Axis Bank and Punjab National Bank are included in this list.
In this article, we are going to give information only about the total amount along with interest on FD-
Bank of Baroda (Bank of Baroda FD Interest Rate)
Bank of Baroda (Bank of Baroda FD Interest Rate) gives high rate of interest to its senior citizen customers on three year FD.
The bank gives interest at the rate of 7.75 percent to senior citizens on three-year FD. If you invest for three years then this amount becomes Rs 1,25,895 at maturity period.
Axis Bank (Axis Bank FD Interest Rate)
Axis Bank (Axis Bank FD Interest Rate) also gives higher rates of interest to its senior citizen customers. For three-year FD, interest is given at the rate of 7.60 percent.
That means, if you invest for three years, then at the maturity period this amount becomes Rs 1,25,340 according to Grow App FD Calculator.
Punjab National Bank (Punjab National Bank FD Interest Rate)
If you are a senior citizen and are thinking about investing in FD, then you can go for the option of Punjab National Bank FD Interest Rate. PNB is offering interest at the rate of 7.50 percent for three year FD.
That means, if you invest for three years, then this amount becomes Rs 1,24,972 on maturity period according to Grow App FD Calculator.
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