Small Finance Banks Offer Highest Fixed Deposit Rates for Senior Citizens in India

Senior citizens in India can earn higher fixed deposit (FD) interest rates, with small finance banks offering the most competitive returns, up to 8.35% annually. These banks lead across tenures, while private banks provide rates generally between 6.9% and 7.75%, and public sector banks offer around 7% to 7.25%. Senior citizens benefit from slightly elevated rates compared to others, providing a low-risk investment option with guaranteed income, especially appealing for retirees seeking stable returns.