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State Bank of India
Kotak Mahindra Bank
IDFC First Bank
Bank of Baroda
Which bank is best for FD for senior citizen?
IndusInd Bank FD Rates
|Tenure||Regular Citizens||Senior Citizens|
|2 years 9 months to below 3 years||7.75%||8.25%|
|3 years to below 61 months||7.35%||7.85%|
|61 months and above||7.25%||7.75%|
|Indus Tax Saver Deposit Scheme (5 years)||7.50%||8.00%|
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Which bank is best for fixed deposit?
|Bank Name||Interest rate (%) compounded qtrly||What Rs 10,000 will grow into|
|Lakshmi Vilas Bank||7.75||10798|
|City Union Bank||7.35||10756|
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Which bank is best for fixed deposit in 2019?
Senior Citizen FD Interest Rates in 2019
The highest interest rate for senior citizen is offered by IDFC Bank and Bank of India at 8.25%.
What is the best investment for senior citizens?
Here is the list of some of the recommended investment options for senior citizens:
- Senior citizen fixed deposits. 1)The fixed deposit interest rates for senior citizens are higher than regular FD rates.
- Senior citizen savings scheme.
- Post office monthly income scheme.
- Tax-free bonds.
- Debt funds.