Senior citizen 5-year fixed deposit (FD) rates of SBI, HDFC Bank, ICICI Bank, PNB vs SCSS: What should elderly prefer?

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Senior citizen 5-year fixed deposit (FD) rates of SBI, HDFC Bank, ICICI Bank, PNB vs SCSS: What should elderly prefer? The elderly prefer bank-fixed deposits or post office schemes for savings. The Senior Citizen Savings Scheme (SCSS) is popular, offering a guaranteed interest rate of 8.2% for 5 years