Six banks have revised their fixed deposit rates in the week ending May 4, 2024. Learn more.

Fixed deposits are a secure investment option with attractive interest rates for senior citizens. Explore the highest FD rates across government banks, private banks, small finance banks, and corporate FDs to maximise your savings. However, also consider factors, such as tenure, credibility, premature withdrawal, senior citizen premium, and tax implications for an informed decision.

SBI has increased the interest rates on domestic term deposits; seniors stand to benefit the most, due to a scheme and premium offered by the bank. Read on to know more: