The decision to provide relief was made in response to several critical factors, including the high cost of living, reduced market interest rates, and the increasing financial challenges faced by ...

Senior citizens can earn up to 9.1% interest rate on fixed deposits for a five-year tenure on a capital of up to Rs 3 crore. Here is a list of banks where individuals aged 60 and above can ...

Several banks are still offering high interest rates on fixed deposits (FDs) for senior citizens. Rates go up to 8.25% for one-year tenures on deposits under Rs 3 crore. Moreover, the TDS ...

While overall interest rate has started coming down, but there are still some banks who are offering a high interest rate on fixed deposits (FDs) for senior citizens up to 9.1% for three year tenure.

The current policy provides rate relief to senior citizens aged 60 and older, but only if the value of their property falls below a threshold determined by the annual budget.

SBI Senior Citizen FD Rates: A lot of senior citizens invest in fixed deposit schemes (FDs) to get regular income. They may opt for maturity on completion of FD or payouts on a monthly basis. Like ...

The Senior Citizens Savings Scheme offers senior citizens a safe investment option with a high interest rate of 8.2%, tax benefits, and flexibility for emergency withdrawals, ensuring regular ...

On investment of Rs 1 lakh, senior citizens will get Rs 1,07,714 on maturity. 3 years FD scheme - SBI gives 7.25 per cent interest rate to senior citizens on FDs for 2 years.

The interest rates under this scheme include 8.05% for a 555-day tenure, 7.9% for 375 days, 8% for 444 days, and 7.85% for 700 days. The scheme will be effective from Jan 13, 2025.