FD watch: These banks offer up to 8.5% interest to senior citizens...

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FD watch: These banks offer up to 8.5% interest to senior citizens for 3-year fixed deposits —check list

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Good news for senior citizens. Higher returns are available on fixed deposits. Small finance banks offer up to 8.5% interest on three-year FDs. Utkarsh Small Finance Bank leads with the highest rate. Be mindful of tax deducted at source. Submit Form 15H to avoid TDS if income is below the taxable limit.

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