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In comparison to other investors, seniors receive more interest on fixed deposits. 

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Here, we've analysed the interest rates prominent banks like SBI, HDFC Bank, Canara Bank, ICICI Bank and PNB provide to old age persons.

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Senior Citizen FD Rate: The repo rate was recently raised by the RBI by 35 basis points, bringing it to 6.25 percent. 

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On any FD, older citizens will receive 50 basis points more interest than normal depositors, according to the PNB bank's website.

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For FDs under Rs 2 crore with terms ranging from 7 days to 10 years, the bank is providing senior citizens interest rates between 4% and 7.75%.

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On FDs up to Rs 2 crore, ICICI Bank has raised interest rates by as much as 60 basis points.

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Following the increase, the bank now offers interest rates for terms ranging from 7 days to 10 years that vary from 3.5% to 7.50%.

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The interest rates on FDs under Rs 2 crore were raised at Public Sector Bank Canara Bank.

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On FDs with maturities ranging from 7 days to 10 years, the bank offers senior citizens interest rates ranging from 3.25% to 7.50%.

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