FD rates up to 8.05% for seniors for three years check bank list

Published on 25 April 2026

The 8.05% window comes with a Rs 3 crore cap

Senior citizens can still find fixed deposit (FD) interest rates up to 8.05% for a three-year tenure at select small finance banks, though the benefit is capped at Rs 3 crore. Banks typically deduct TDS on FD interest above Rs 1 lakh annually, but seniors with zero tax liability can submit Form 15H to avoid it.

Select small finance banks offer FD rates up to 8.05% for three years
The interest benefit applies up to a Rs 3 crore deposit cap
TDS is deducted if annual FD interest crosses Rs 1 lakh
Form 15H can help zero-tax seniors avoid TDS

#senior citizens #small finance banks #interest rates #tds #fixed deposits

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

FD rates up to 8.05% for seniors for three years check bank list

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