As one retires from service or simply steps into their later years, investment in safe financial instruments becomes very important. Fixed deposits prove to be a good choice for senior citizens who have low or irregular income.
Most of the banks, as well as the Non-Banking Financial Companies or NBFCs, provide preferential/extra FD rates to senior citizens at an extra rate of 0.25% – 1.00% (approximately).
Here, we are presenting the best FD interest rates for senior citizens, documents required to open an FD and more.
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