Fixed deposits (FD) are often preferred investment for senior citizens because they provide higher interest rate and tax benefits. Here is a comparison of the FD rates offered by DCB Bank, IDFC First Bank and AU Small Finance Bank. DCB Bank latest FD interest rate for senior citizensDCB Bank offers multiple fixed deposit options to their customers to park their surplus savings for a fixed tenure. The FD interest rates are highest for 3 years. AU Small Finance Bank latest FD interest rate for senior citizensAs compared to top lenders, small finance banks offer comparatively higher interest rates on both savings as well as FD accounts.

Source: Mint September 29, 2019 05:37 UTC