Good news for senior citizens, by investing here you can get maximum interest of Rs 26 thousand…..


(Bureau). FD Rates: Most senior citizens consider it safest to invest their money in FD. There are two reasons for this, firstly the money i.e. the principal amount remains safe in it. Second, it has a fixed interest i.e. income. If you are also looking for the option of investing in three year FD, then here are the offers of some banks, which are offering maximum interest on three year FD. Here you can earn maximum interest of Rs 26,000 in three years by investing Rs 1 lakh. Bank of Baroda

Bank of Baroda is offering interest at the rate of 7.75 percent on three-year FD. Among public sector banks, Bank of Baroda is giving the highest interest to senior citizens. The amount of Rs 1 lakh invested now will increase to Rs 1.26 lakh in three years. Axis Bank is giving interest at the rate of 7.60 percent on three-year FD to senior citizens. The amount of Rs 1 lakh invested now will grow to Rs 1.25 lakh in three years.

HDFC Bank HDFC Bank, ICICI Bank and Punjab National Bank offer interest rates of 7.50 percent on three-year FDs. The amount of Rs 1 lakh invested now will increase to Rs 1.25 lakh in three years. Canara Bank gives 7.30 percent interest on three-year FD to senior citizens. The amount of Rs 1 lakh invested now will grow to Rs 1.24 lakh in three years.

State Bank of India (SBI) State Bank of India (SBI) is giving 7.25 percent interest on three-year FD to senior citizens. The amount of Rs 1 lakh invested now will increase to Rs 1.24 lakh in three years. Bank of India and Union Bank of India offer interest at the rate of 7 percent on three-year FDs. The amount of Rs 1 lakh invested now will grow to Rs 1.23 lakh in three years.

Indian Bank: Indian Bank is giving interest at the rate of 6.75 percent on three-year FD to senior citizens. The amount of Rs 1 lakh invested now will grow to Rs 1.22 lakh in three years.

Reserve Bank of India Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of the Reserve Bank of India (RBI), guarantees investment on FDs up to Rs 5 lakh. In simple words, it means that your investment up to Rs 5 lakh in fixed deposit is completely safe.


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