Generally, an interest rate of 3.5% to 4.5% is given for tax-saving fixed deposits in the bank.
When senior citizens deposit, they may get a higher interest rate by 0.5%.
However, here are some exciting details about tax-saving fixed deposits for senior citizens which give an interest rate of 7.0% to 7.25%
Interest rate details
- IDFC First Bank Tax Saving Fixed Deposit Scheme for Senior Citizens � 7.25%
- Yes Bank Tax Saving Fixed Deposit for Senior Citizens � 7.25%
- Indus Ind Bank Tax Saving Fixed Deposit for Senior Citizens � 7.35%
- RBL Bank Tax saving Fixed Deposit (for senior Citizens) � 7.25%
- A U Small Finance Bank Tax Saving Fixed Deposit (for Senior Citizens) � 7.0%
Here are all our best wishes for all the Senior Citizens to avail the above attractive Tax Saving Fixed Deposit Schemes with Higher interest rates!