Select small finance banks in India are offering senior citizens fixed deposit rates as high as 8.05% for a five-year term. Investors should note the DICGC insurance limit of Rs 5 lakh and can avoid TDS on FD interest by submitting Form 15H if their income is below taxable limits.
Banks like City Union Bank, Karnataka Bank, and Bank of Baroda are offering attractive interest rates on special 555-day fixed deposit schemes, drawing investor attention for potentially better returns.
Senior citizens can now avail fixed deposit interest rates of up to 8.3% from small finance banks like Unity SFB and Shivalik SFB, offering a lucrative opportunity for savings.
Small finance banks in India are offering senior citizens fixed deposit interest rates up to 8% for a three-year term on deposits up to Rs 3 crore. Investors can submit Form 15H to avoid TDS if their total income is below taxable limits.
