
Fixed deposits, or FDs, are still a popular choice for most seniors who are looking for safety combined with assured returns. The majority of banks make the offer sweeter with better interest rates for this age group alone, but the actual benefit still depends on the duration that money is kept locked up and the bank selected. Below, we present the latest FD rates and indicate how much a person investing ₹10,50,000 would get back in one year, three years, and five years at some of the best lenders.
Senior citizen FDs continue to be a safe and lucrative investment, with some of the highest rates being offered by banks such as ICICI Bank and PNB for specific tenures. Compare rates, look out for special plans, and review your goals before investing. Consider.