National Senior Citizens Day is celebrated on August 21 every year. The day is observed to honour the contributions of older adults to society. The former President of the USA, Ronald Reagan, officially proclaimed August 21st as National Senior Citizens Day in 1988. People celebrate National Senior Citizens Day by spending time with elderly loved ones, hearing their tales, working at senior centers, or just showing gratitude for their achievements.
On this special day, we talk about senior citizens’ special fixed deposit (FD) schemes provided by PSU banks like State Bank of India (SBI), Bank of Baroda (BoB), Canara Bank, Indian Bank, and Indian Overseas Bank. Let’s see what these banks offer you on the 444-day special FD scheme and what senior citizens can get on a Rs 10 lakh deposit.
SBI 444-day Amrit Vrishti scheme
The PSU bank offers a 7.10 per cent interest rate to senior citizens on this special FD scheme.
What you can get on Rs 10 lakh deposit in SBI FD
On a deposit of Rs 10 lakh, the senior citizens can get Rs 10,89,381 in SBI’s Amrit Vrishti scheme.
BoB 444-day special FD scheme
BoB also gives a 7.10 per cent interest rate to senior citizens on this special FD scheme.
What you can get on Rs 10 lakh deposit in BoB FD
On a deposit of Rs 10 lakh, the senior citizens can get Rs 10,89,381 in BoB’s 444-day FD scheme.
Canara Bank 444-day special FD scheme
Canara Bank offers a 7 per cent interest rate to senior citizens on 444-day special FD scheme.
Canara Bank special FD: What you can get on Rs 10 lakh deposit
On a deposit of Rs 10 lakh, the senior citizens can get Rs 10,88,079 in Canara Bank’s 444-day FD scheme.