Senior citizens consider investing in FDs to be the safest option. You can double your money in 10 years by investing in FDs of these three banks. Here we are telling you that in what time State Bank of India (SBI), HDFC Bank and ICICI Bank (ICICI Bank) will double your money through FD.

SBI Fixed Deposit

Senior citizens can double their money in a 10-year FD with State Bank of India (SBI). The bank is currently offering a maximum interest of 7.50% to senior citizens. The online FD calculator on SBI’s website shows that an FD of Rs 50,000 in 10 years will amount to Rs 1,05,117 after a maturity period of 10 years.

HDFC Bank Fixed Deposit

Senior citizens can double their money on a 10-year FD with HDFC Bank. The bank is offering 7.75% interest to senior citizens, which is the highest as compared to SBI and ICICI Bank. According to the online FD calculator, a deposit of Rs 50,000 in a 10-year FD will grow to over Rs 1.07 lakh after maturity of 10 years.

ICICI Bank Fixed Deposit

Senior citizens can double their money in a 10-year FD with ICICI Bank. The bank is currently giving 7.50% interest to senior citizens. According to the online FD calculator, a deposit of Rs 50,000 in a 10-year FD will grow to over Rs 1.05 lakh after maturity of 10 years.

HDFC Bank’s 10 year FD will get more money

The money deposited in all the three banks will double in 10 years. HDFC bank would give you more money back on 10 years deposit as compared to other 2 banks. The bank is paying 0.25 per cent more interest on its 10-year deposit.

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January 7, 2023. According to the new rates, now customers will get interest ranging from 4.50% to 6.75% on FDs maturing in 7 days to 10 years. Explain that customers will get the highest interest of 7.15% on FDs maturing in a period of 15 months to 2 years. Let us know what is the interest rate on FD of different periods.

ICICI Bank Bulk FD Rates

7 days to 29 days – 4.50%
30 days to 45 days – 5.25%

46 days to 60 days – 5.50%
61 days to 90 days – 5.75%
91 days to 184 days – 6.25%
185 days to 270 days – 6.50%
271 days to less than 1 year – 6.65 per cent
1 year to less than 15 months – 7.10 percent
15 months to 2 years – 7.15%
2 years 1 day to 3 years – 7%
3 years 1 day to 10 years – 6.75%
Interest rate on FD less than 2 crores

The interest rates offered by ICICI Bank on FDs below Rs 2 crore are applicable from December 16, 2022. Under this, common people will get a maximum interest rate of 7% on FDs of 15 months to 5 years. Senior citizens will get a maximum return of 7.50% on FDs of 15 months to 10 years.

The post ICICI Bank Bulk FD Rates Increased: ICICI Bank increases interest rates on bulk fixed deposits, will get returns of up to 7.15% first appeared on Rightsofemployees.com.