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Best Senior Citizen FD Rates: Which Bank Offers Highest Returns on Rs 1 Lakh Deposit?

Best Senior Citizen FD Rates: Which Bank Offers Highest Returns on Rs 1 Lakh Deposit?

17 Feb, 2025

Gaurav Poswal

Senior citizens can get higher interest rates on fixed deposits, but the best return depends on the bank and tenure. Punjab National Bank (PNB) offers 7.30% for 1 year, 7.50% for 3 years, and 7% for 5 years. SBI provides 7.30%, 7.25%, and 7.50% for the same periods. Bank of Baroda (BoB) gives 7.35%, 7.65%, and 7.40%. Canara Bank offers 7.35%, 7.90%, and 7.20%. ICICI Bank provides 7.20%, 7.50%, and 7.50%, while HDFC Bank has 7.10%, 7.50%, and 7.50%. Axis Bank offers 7.20%, 7.60%, and 7.75%. For the highest returns, Canara Bank leads for 3 years (Rs 1,26,452), while Axis Bank is best for 5 years (Rs 1,46,784).

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