Senior Citizen FD Calculator

Most banks add about 0.25% to 0.50% over card rates for customers aged 60+; some institutions offer up to 0.75% extra on select tenures. Rates change with RBI policy and bank liquidity—always check the bank’s published senior citizen grid.

Yes. The threshold for TDS on interest income is ₹50,000 per year for senior residents (₹40,000 for others). Under Section 80TTB, eligible seniors can claim up to ₹50,000 deduction on interest from savings and fixed deposits in a financial year.

SCSS offers a fixed government-backed rate with quarterly payouts and a ₹30 lakh overall cap per senior couple rules; bank FDs offer flexible tenures and often comparable or slightly different rates. Many retirees split funds across SCSS, bank FDs, and liquid options for safety and cash flow.