Tax-saving FD interest rate up to 8%: Check banks offering highest interest rate to senior citizens on tax-saving FDs

Tax-saving FDs provide tax deductions under Section 80C with a five-year lock-in period. These deposits offer stable returns and additional interest for senior citizens. While the principal amount is tax-deductible, the interest earned is taxable. Here are banks offering 7.50% and above on tax saving FDs for senior citizen