Small finance banks offer higher interest on fixed deposits than larger banks. The rates are currently 9 per cent or more for senior citizens

In the week ending March 2, 2024, Bank of Maharashtra, Kotak Mahindra Bank, and two other banks have revised their fixed deposit (FD) interest rates. Know the details.

ICICI, Axis, IDBI, and RBL bankshave revised their fixed deposit rates this week, offering senior citizensa maximum of 8.60 per cent.

Seniors can avail of up to 8.25 per cent on FDs; here are the revised rates of five banks.

A loan against property (LAP) is a secured, collateral-based mortgage that senior citizens can use to meet their needs

Public Provident Fund (PPF) is a voluntary long-term small savings scheme that provides attractive interest rates and tax benefits. Learn more

The government has allowed the extension of the Senior Citizen Savings Scheme (SCSS) indefinitely and enabled people to invest in the scheme three months before retirement

Public Provident Fund (PPF) is a popular guaranteed return scheme for all age groups because of its tax benefits, flexible withdrawals, and a loan facility against the PPF corpus fund

Senior citizens looking for guaranteed returns can check out these small saving banks offering more than 9.0 per cent interest rates for fixed deposits

Retirees must keep a close watch on their retirement corpus because it can erode quickly if timely measures are not taken to mitigate the impact of inflation