FD Rates: Are you also planning to invest in FD? If you are also looking for the option of investing in FD for three years, then here we are telling you how much interest and return you will get on FD for 3 years. FD helps senior citizens to create an emergency fund.
FD provides liquidity and also gives regular interest income. Interest on FD is taxable. At present, private and public sector banks are giving up to 7.75 percent interest on three-year FD to senior citizens. Here we are telling you about the interest available on annual FD of top 10 banks and the interest available on investment of Rs 1,00,000.
Bank of Baroda-
Interest rate on three-year FD for senior citizens: 7.75%
Rs 1 lakh invested for three years will grow to Rs 1.26 lakh.
axis Bank-
Interest rate on three-year FD for senior citizens: 7.60%
Rs 1 lakh invested for three years will grow to Rs 1.25 lakh.
HDFC Bank, ICICI Bank and Punjab National Bank-
Interest rate on three-year FD for senior citizens: 7.50%
Rs 1 lakh invested for three years will grow to Rs 1.25 lakh.
Canara Bank-
Interest rate on three-year FD for senior citizens: 7.30%
Rs 1 lakh invested for three years will grow to Rs 1.24 lakh.
State Bank of India and Bank of India-
Interest rate on three-year FD for senior citizens: 7.25%
Rs 1 lakh invested for three years will grow to Rs 1.24 lakh.
Union Bank of India-
Interest rate on three-year FD for senior citizens: 7%
Rs 1 lakh invested for three years will grow to Rs 1.23 lakh.
Indian Bank-
Interest rate on three-year FD for senior citizens: 6.75%
Rs 1 lakh invested for three years will grow to Rs 1.22 lakh.
