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Several banks now offer senior citizens up to 8.5% on 5-year fixed deposits

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Some banks are offering senior citizens fixed deposit rates of up to 8.5% for a five-year tenor. These elevated rates are available to customers aged 60 and above, who typically receive a premium over standard deposit rates. The article compares the offerings across multiple institutions to help readers identify the most attractive options. It also notes that rates vary by bank and can change, so depositors should verify current terms before investing.

Read the full story at Economic Times

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