Senior citizen FD: On fixed deposits, most of the public and private sector banks offer 0.25% to 0.50% higher interest rates than what they offer to the general public. Certain banks also offer some additional interest rates to super senior citizens as well. Bharat Pensioners Samaj has requested the Finance Minister to hike the additional interest rate to 2% on senior citizen FDs. Read what they are demanding.
SBI Wecare special FD for senior citizens: Additional premium of 50 bps (over and above existing premium of 50 bps) over card rate for public i.e., 100 bps over card rate for public, says SBI
Is Senior Citizen Fixed Deposit better in banks than Post Office? 5 points to decide financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Senior Citizen Fixed Deposit Interest Rate hiked by four banks this month - Details financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Senior citizens prefer low-risk instruments like bank fixed deposits (FDs) and small savings schemes. Returns from both SCSS and Senior Citizen FDs are taxable