Fixed deposit interest rates for senior citizens: Avail interest rate of up to 8.1% on 3-year bank fixed deposits; check complete list here
Tuesday, 9 January 2024 Private sector banks offer senior citizens up to 8.1% interest rates on fixed deposits (FDs) below Rs 2 crore. DCB Bank provides an 8.1% interest rate for FDs maturing between 26 months and less than 37 months. RBL Bank offers 8% interest for FDs maturing between 24 months 1 day and 36 months. IndusInd Bank also provides 8% interest for FDs maturing between 2 years 9 months and 3 years 3 months. Additionally, TDS gets deducted if a senior citizen's cumulative interest income exceeds Rs 50,000, but they can prevent deduction by submitting Form 15H.
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Tuesday, 9 January 2024
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