FD rate up to 8.5% for senior citizens
The fixed deposit (FD) interest rate for senior citizens in India has reached an impressive 8.5%, according to recent data from the banking sector. This high yield is available on five-year FD terms for deposits of up to Rs 3 crore. Suryoday Small Finance Bank is currently offering the top rate of 8.5% for senior citizens (aged 60 and above) on FDs with a five-year tenure, making it the preferred choice for those seeking maximum returns on their savings.
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