Punjab National Bank: It is offering 6.5% interest to general citizens and 7% interest to senior citizens on 5-year Tax-Saver Fixed Deposit. HDFC Bank: It is offering 7% interest to general citizens and 7.5% interest to senior citizens on 5-year Tax-Saver Fixed Deposit. Kotak Mahindra Bank: It is offering 6.2% interest to general citizens and 6.7% interest to senior citizens on 5-year Tax-Saver Fixed Deposit. State Bank of India: It is offering 6.5% interest to general citizens and 7% interest to senior citizens on 5-year Tax-Saver Fixed Deposit. Should Senior Citizens close old SCSS account and invest in a new one for higher interest?Īlso Read: Fixed Deposit calculator: Senior Citizens can turn Rs 3 lakh into guaranteed Rs 4.8 lakh in 5 years
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