Money will be there in old age, these banks are giving huge returns on fixed deposits to the elderly.

Super Senior Citizen Fixed Deposit Interest: After crossing the age of 80, the body gradually starts failing. Even if there is a financial problem then old age becomes more painful. Banks have made a special plan to provide financial support to the weakening bodies of such elderly people. Through this, you can save money even after crossing the age of 80 and make old age fun by being very rich. Banks have named it Super Senior Fixed Deposit Scheme. Under this, even the elderly below 80 years of age will be given higher interest rates than the common people.

What interest rate will a super senior citizen get?

State Bank, PNB, Indian Bank and RBL Bank have launched Super Senior Fixed Deposit Scheme to provide higher fixed deposit returns to senior citizens aged 80 years and above. State Bank of India has named this scheme as SBI Patron. For this, interest will be available at the rate of 7.60 percent on fixed deposit schemes of two years, less than three years, five years and 10 years. Which is higher than the interest rate available on fixed deposits to senior citizens or people between 60 years to 80 years of age. Punjab National Bank is giving returns of 8.10 percent to super senior citizens on fixed deposits of 400 days.

Process has also been made easy in special schemes

Under the IND SUPER 400 DAYS scheme, Indian Bank is offering interest at the rate of 8.05 percent for 400 days and 7.80 percent for 300 days. Similarly, Union Bank of India gives 0.25 percent more than the fixed deposit returns given to senior citizens. Banks have also simplified the process to provide the benefits of these fixed deposit schemes to super senior citizens.

Also read:

APPLE CEO Salary: Apple CEO’s salary increased by 18 percent to $74.6 million, know what arguments Apple gave