FD interest rates: These 7 banks offer up to 7.1% interest on 3-year term deposits for senior citizens

Core Insights - The article emphasizes the importance of comparing fixed deposit interest rates across different banks, as even a small difference of 50 basis points can lead to significant savings over time [1] - Senior citizens are offered additional interest rates, typically 50 basis points higher than regular citizens, enhancing their income from fixed deposits [2] Interest Rates Offered by Banks - HDFC Bank offers 6.95% interest for senior citizens on three-year fixed deposits, while regular citizens receive 6.45% [3] - ICICI Bank provides 7.1% for senior citizens, compared to 6.6% for regular citizens [3] - Kotak Mahindra Bank offers 6.90% for senior citizens, with regular citizens receiving 6.40% [3] - Federal Bank provides 7% for senior citizens, while regular citizens get 6.5% [4] - State Bank of India (SBI) offers 6.8% for senior citizens, which is 50 basis points higher than the rate for regular citizens [5] - Canara Bank provides 6.75% for senior citizens, again 50 basis points higher than the regular rate [6] - Union Bank of India offers 7.1% for senior citizens, which is 50 basis points more than what regular citizens receive [6]