FD rates: THESE 8 banks offer upto 7.1% interest on fixed deposits to senior citizens

Core Insights - The article discusses the interest rates offered by various banks on fixed deposits, highlighting the differences between private and government sector banks [1] Private Banks - HDFC Bank offers 7.10% interest to senior citizens for fixed deposits with a tenor of 18 to 21 months, while general citizens receive 6.6% [2] - ICICI Bank provides 7.10% on fixed deposits with a tenor between 2 to 10 years for senior citizens and 6.6% for general citizens [2] - Kotak Mahindra Bank also offers a maximum interest of 7.1% to senior citizens for a 23-month tenor, with general citizens receiving 6.6% [2] - Federal Bank offers 7.2% interest for senior citizens on a tenor of 999 days and 6.7% for general citizens [3] - A summary table lists various banks and their respective interest rates, showing HDFC Bank, ICICI Bank, Kotak Mahindra Bank, and Federal Bank offering rates between 7.1% and 7.2% for senior citizens [4] Government Sector Banks - State Bank of India (SBI) offers 6.95% interest for senior citizens on a tenor of 2 to 3 years, while general citizens receive 6.45% [5] - Union Bank of India provides 6.6% interest on fixed deposits with a tenor of 3 years, with general citizens earning 50 basis points less than senior citizens [5] - Punjab National Bank (PNB) offers 7.10% interest on a 390-day tenor [6] - Canara Bank provides 7% interest for senior citizens on a 444-day tenor and 6.5% for general citizens [6]