FD rate up to 8.5% for senior citizens investing for five years; know the list of banks
Suryoday Small Finance Bank is offering the highest fixed deposit rate of 8.5% for senior citizens investing for five years, applicable on deposits up to ₹3 crore. Other banks, such as Jana Small Finance Bank, offer rates up to 8%. Investors are advised to limit exposure to small finance banks to ensure DICGC coverage. Tax implications apply for interest exceeding ₹1 lakh.