The Economic Times

Senior citizens can earn up to 7.20% on FD investment: HDFC Bank, Federal Bank revise rates on select tenures

HDFC Bank has announced a boost to fixed deposit rates for senior citizens, increasing them by ten basis points. Federal Bank has also adjusted its interest rates for fixed deposits applicable to all clients. This revision ensures that senior citizens benefit from improved returns. Both banks are now providing competitive rates across select tenures, making savings more rewarding.