Sun, Jan 07, 2024
Banks offer slightly higher interest rates on fixed deposits (FDs) to senior citizens compared to non-senior citizens. FDs are popular among senior citizens since in old age, they need income from investment options which can give them guaranteed returns and fixed income. Since FDs are not market-linked, senior citizens opt them as they are risk-free investment options. In this write-up, know about the banks offering the highest interest rate to senior citizens on FDs.
More >
Mon, Sep 18, 2023
Senior Citizens' Savings Scheme (SCSS) and bank FDs are preferred investment instruments for postretirement financial security. Most of the banks offer higher interest rates on FDs to senior citizens compared to other customers.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
