Bank FD Rates Increased: up to 8.05% Interest in Fixed Deposit with Special Offers from these Banks

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Banks offering High Interest Rates on FD for Senior and Super Senior Citizens

Fixed Deposit schemes are meant to be the safest investment. Every bank offers FD but private banks give more interest rates to attract more customers. Still, some people would like to go with government banks as they are more secure compared to private banks. In this article today we will discuss which banks are currently offering the highest FD Interest rates.

Bank FD Interest Rates

Banks have increased their FD interest compared to past days. You can choose to make a Fixed Deposit for 1 to 5 Years according to your need. The interest rates will vary along with the period of deposit. But sometimes banks start special schemes which offer higher interest rates than usual.

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SBI Interest Rates on FD

Currently, SBI is giving an additional 50 basis points on FD for senior citizens. Not only this but super senior citizens or people who are 80 years or more old can get an additional 10 basis point interest on FD. For 1 Year of Deposit, you will get 7.3% and for 5 Years of deposit, you can get 7.5% interest rates.

IDBI Bank FD Interest Rates

If you are an IDBI Bank customer then there is good news. Under ‘IDBI Chiranjeevi’ scheme senior citizens of 80 years and more can enjoy up to 8.05% interest rates in a fixed deposit scheme.  But in that case, you need to invest for 555 days. For 375 days you can get 7.9% and for 444 days you can get 8% interest.

Bank of Baroda ‘Liquid Fixed Depsit’ Scheme

Bank of Baroda has also started a new ‘Liquid Fixed Deposit’ Scheme. Where you can start investing from Rs 5000 and the withdrawal facility avail in units of Rs 1000. In the case of the Normal Fixed Deposit scheme senior citizens will get 7.3% interest for 1-year FD, and 7.5% for 5-year FD.

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