These 7 top banks offer interest up to 7.2% on fixed deposits for senior citizens

Prior to locking your savings in a fixed deposit (FD), it is recommended to compare the interest rates offered by different banks. Most banks offer interest rates on term deposits which are similar to each other. They all pay an interest which is higher by 50 basis points for senior citizens.As a result, some people even lock their FDs in their parents' names to earn an extra 50 basis points.Let us find out which all lenders offer high interest on fixed deposits (FDs) to senior citizens.FD interest rates of ...