InvestorQ : Are senior citizens given a higher interest rate than others?
Nitin Shah made post

Are senior citizens given a higher interest rate than others?

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Manish Mehta answered.
6 months ago
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Senior citizen special fixed deposit (FD) schemes are offered by top banks such as State Bank of India (SBI), HDFC Bank, ICICI Bank, and Bank of Baroda (BoB). Extra interest rates are being provided by these banks under this scheme over the existing rates applicable for them on term deposits. As compared to the others, the banks offer higher interest rates for senior citizens.
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