FinanceMint
Banks offer senior citizens up to 8.5% FD interest
in5points
Senior citizens can earn up to 8.5% interest on fixed deposits despite recent rate cuts.
Equitas Small Finance Bank and Shivalik Small Finance Bank offer up to 8.50% for specific tenures.
DCB Bank offers up to 8.00% for 24 to 25 months among private sector banks.
Bank of India offers up to 7.45% for 3 years among public sector banks.
Comparing FD rates across banks can maximise interest income without increasing investment risk.
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Shobhana Bhartia (KK Birla family)
Business daily owned by HT Media; majority-controlled by the KK Birla family, chaired by Shobhana Bhartia.
Wikipedia: Shobhana Bhartia