Under Section 80TTB of the Income Tax Act, senior citizens are eligible for a deduction on the interest earned from deposits with banks, co-operative banks, and post offices. This helps in ...
Fixed deposits (FDs) have long been a popular investment choice among Indians, especially senior citizens looking for stability and regular income. Senior Citizen FDs are specifically tailored to ...
Senior citizen FD rates: For senior citizens looking to grow their savings through fixed deposits (FDs), there's good news: several banks are offering higher interest rates on FDs tailored ...
Senior Citizen Fixed Deposit Interest Rate Hike News (August 2023): Senior citizens can now get up to 9.10% interest rate on deposits of above 2 years to 3 years with Suryoday Small Finance Bank ...
Senior citizens can earn a 9.50% interest rate on their FDs with a tenure of 1001 days. It offers a 0.5% premium to senior citizens HDFC Bank, Axis, Canara & more: Banks offering interest rates ...
For senior citizens, an additional 0.50% is up for grabs, boosting the rate to 8.50%, while super senior citizens (aged 80 and above) to get an even higher rate of 8.75%. Capital Small Finance ...
Above 1 Year to less than 2 Years 7.35 2 Years & above to less than 3 Years 7.35 3 Years & above to less than 5 Years 7.3 5 Years & above to 10 Years 7.2 The bank offers interest rates between 4% to 7 ...
365 days to 452 days (12 months to less than 15 months) 7.50% 8.00% 7.50% 7.50% 453 days to 545 days (15 months to less than 18 months) 7.80% 8.30% 7.80% 7.80% 546 ...
Being a senior citizen, you dream of having the best years of your life after retirement. Having the freedom to spend your hard-earned money in a smart and strategic way gives you a sense of financial ...
RBL Bank updated FD interest rates below Rs 2 crore, effective May 1, 2024. Top rate is 8.75% for super seniors. Different rates for different deposit periods. No penalty for senior citizens on ...
Image Source : INDIA TV SBI has released new fixed deposit interest rates. SBI fixed deposit rates: The State Bank of India (SBI) has hiked fixed deposit rates on select short-term maturity up to ...