Private sector lenders largely offer senior citizen FD rates between 6.9 per cent and 7.75 per cent. Some banks additionally provide extra benefits for super senior citizens (aged 80 years and above).
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Interest rates vary widely depending on how long the money is locked in. In many cases, three-year and five-year deposits offer better returns than shorter tenures. At the same time, depositors should ...
With RBI repo rates stable, senior citizens face narrowing high-yield FD options. Experts advise spreading deposits across tenures, staggering maturities for liquidity, and diversifying with bank, ...