Fixed Deposit (FD) interest rates: Senior citizens are offered a wide range of benefits under FD schemes, besides the additional 0.50 per cent to 0.75 per cent interest rate that most banks offer.
Bandhan Bank FD Interest Rate 2022: Bandhan Bank is offering an interest of 3 per cent for the general public and 3.75 per cent for senior citizens on fixed deposits for a period of 7 days to 30 days.
Fixed deposit schemes: When it comes to investment and long-term savings schemes, fixed deposits are still the most popular instrument for risk-averse people. One should note that like all other investment options, returns on FD schemes are taxable.