The Economic Times

FD rates up to 7.9% for senior citizens investing for five years; Check list of banks

Senior citizens can secure attractive fixed deposit rates, with some banks offering up to 7.9% for a five-year tenure on deposits up to Rs 3 crore. While banks deduct TDS on interest exceeding Rs 1 lakh, eligible individuals can submit Form 15H to avoid this deduction if their total tax liability is zero.