The salient features of senior citizen fixed deposit schemes offered by banks are:
Features of a Senior Citizen FDįixed deposits are safe investment options for senior citizens with low or irregular income flow after retirement. Individuals can enjoy their post-retirement years without any stress when investing in a Senior Citizen fixed deposit. The FDs are accompanied by benefits like steady returns, loans, and tax savings. These term deposit plans are offered by leading banks at special FD interest rates. Senior Citizen Fixed Deposits (FDs) are the most lucrative investment instruments for individuals over 60 years of age.
