FD rate up to 8.4% for senior citizens investing for five years; Know the list of banks

Senior citizens can still find attractive fixed deposit rates, with some small finance banks offering up to 8.4% for five-year terms. Tax Deducted at Source (TDS) applies to FD interest exceeding Rs 1 lakh. Submit Form 15H if your income is up to Rs 12 lakh under new tax regime. Read more to know about FD rate.