Senior citizens get a slightly higher interest rate on FDs than general citizens. However, the rate of interest varies from bank to bank and depends on various factors, including tenure. Because of their guaranteed return feature, FDs are considered the safest type of investment, and they are very popular among senior citizens. They have different…
National Senior Citizens Day is celebrated on August 21 every year. The day is observed to honour the contributions of older adults to society. The former President of the USA, Ronald Reagan, officially proclaimed August 21st as National Senior Citizens Day in 1988. People celebrate National Senior Citizens Day by spending time with elderly loved…
FDs are a traditional way of investment, and most individuals choose this way to have a regular income for their living. Moreover, the principal amount remains safe in the FD. But, do you know that some small finance banks provide a better interest rate on savings accounts than leading PSU banks’ fixed deposits? In this…