FD rate up to 8% for senior citizens investing for five years; Know the full list of banks

Senior citizens can still secure fixed deposit (FD) interest rates up to 8% for a five-year term with select banks, including Suryoday Small Finance Bank. While TDS is deducted if FD interest exceeds Rs 1 lakh annually, senior citizens with zero tax liability can submit Form 15H to avoid this deduction.