During the sunset phase of your life, you need not lose out on money. Here are suggestions that could help you overcome any such issue

Fixed deposits (FDs) provide guaranteed returns, but their interest rates may change periodically.

The interest on senior citizen FD is usually 0.5 per cent higher than the regular interest of a bank. It can differ from bank to bank. Currently, the highest one is 7.9 per cent.

Bank of Baroda, J&K Bank, and IDBI Bank revised their fixed deposit rates during the week ending August 17, 2024, offering senior citizens interest rates up to 8.60 per cent.

HDFC Bank increased the fixed deposit interest rates for its 35- and 55-month FDs this week. Learn about the interest rates offered to senior citizens.

Five banks, including a small finance bank, have revised their fixed deposit rates during the week ending May 18, 2024. Know the details

Higher interest rates and TDS exemption limits for senior citizens have propelled their investments in fixed deposits, resulting in a significant amount of tax collection for the government, totaling around Rs 27,000 crore.

Four banks, including Bandhan Bank and J&K Bank, have revised their fixed deposit rates in the week ended April 13, 2024, offering senior citizens a maximum of 8.35 per cent.

Bank of Maharashtra and Suryoday Small Finance Bank revised their fixed deposit (FD) ratesthis week. Know the different tenures and rates available to senior citizens.

IOB, HDFC, AXIS, Bank of Maharashtra, and two other banks have revised their fixed deposit rates in the week ending February 10, 2024. Know the details