2024-07-30 00:24:54
New Delhi: Investors’ trust in fixed deposits (FD) is now increasing. Many people are investing in it for short and long term. The biggest reason for this is that now FD is getting more interest. Also, the investment made here is not linked to the stock market. In such a situation, investing in it gives fixed returns. Many banks also keep bringing special plans related to FD from time to time. At present, there are many banks which are giving more than 8 percent interest on FD. However, this interest is being given to senior citizens i.e. people whose age is more than 60 years. If you are more than 60 years old, then you can create a big fund by investing in the FD of these banks. These FD schemes for senior citizens are for one year, two years and three years. The banks which are giving more than 8 percent return are private banks. At the same time, there are many banks which are giving up to 8% interest on senior citizen FD of up to Rs 3 crore maturing in 5 years. If we talk about tax saving FDs, then they do not offer much interest. This interest is less than 8%. Let us tell you that you can get a deduction in income tax if you invest in FD for 5 years or more. This deduction is available under section 80C of Income Tax. You can get a maximum deduction of Rs 1.50 lakh.
This government scheme is amazing for women, depositing Rs 200000 will give great benefit
RBL Bank
RBL Bank is giving the highest interest on FD to senior citizens. This bank is giving 8.50% annual interest on two-year FD. If you invest Rs 10,000 in it, then after two years this amount will increase to Rs 11832.
Yes Bank
Yes Bank is also giving up to 8.50% interest on FD to senior citizens. If a senior citizen invests for 18 months, he will get the same interest. Investing Rs 10,000 for 18 months will give Rs 11772.
Bandhan Bank
Bandhan Bank is giving the highest interest to senior citizens on one year’s investment. This interest is 8.35%. If you invest 10 thousand rupees in it, then after one year this amount will increase to Rs 10862.
IndusInd Bank
Indusind Bank is also giving more than 8% return on FD to senior citizens. This bank is giving interest at the rate of 8.25% on investments of both one year and two years. If a senior citizen invests Rs 10,000 for one year, he will get Rs 10,851 and on investment of two years, he will get Rs 11,772.
DCB Bank
DCB Bank is also giving more than 8% interest to senior citizens. However, this offer is only for 3 years of investment. If a senior citizen invests Rs 10,000 in this bank for 3 years, then he will get Rs 12701 at the rate of 8.05%.