Highest senior citizen tax-saving FD interest rate: SBI, HDFC Bank, ICICI Bank, PNB, Yes Bank
By investing in these Tax-Saving Fixed Deposits, senior citizen investors can deduct up to Rs 1.5 lakh per year. Senior citizens usually receive slightly higher interest rates from banks. A senior citizen tax-saver FD can be opened by anyone 60 years of age or older.
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