When it comes to investing in India, bank fixed deposits (FDs) continue to be the most popular investment option. The fixed deposit (FD) interest rates have been rising since May 2022. Not only salaried class, or senior citizens, even millennials are in investing in term deposits. Watch Business Today s Visual Story on the latest FD rates and best schemes available.
Several banks have revised their interest rates and are offering attractive inflation-beating fixed deposit rates. Senior citizens are offered a wide range of benefits under FD schemes, besides the additional 0.50 per cent interest rate that most banks offer. Watch Business Today s to look at some of the best FD schemes currently available for senior citizens.
Post office small savings schemes: TThe Senior Citizen Savings Scheme (SCSS) is one of the most popular small savings schemes backed by the government, which offers a higher rate of interest than most other savings schemes. It is considered to be a safe and secure investment option for senior citizens, which offers them a regular income stream in their golden years. Watch Business Today’s Visual Story to know more details about the Senior Citizen Savings Scheme.