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How Senior Citizen FD Rates Differ from Regular FD Interest Rates in India
For Indians wanting guaranteed returns with minimal risk, fixed deposits continue to be a highly trusted investment option. These financial tools offer stability to investors from all age brackets, and banks in India tend to offer senior citizens more favourable interest rates. Understanding these differences can help you make well-informed decisions about where to keep your savings.
The Age Factor in Fixed Deposit Returns
Turning 60 means your fixed deposit gets more rewarding. Banks across India offer an additional interest rate of 0.25% to 0.75% per annum to senior citizens, compared to regular depositors. This extra rate is there because financial institutions realise that retirees often depend on interest income to pay for daily expenses and healthcare needs.
The math is simple. If a regular fixed deposit offers 7% interest each year, a senior citizen might get 7.50% or 7.75% on the same deposit amount and duration. Over time, this small difference can really add up to a lot more earnings.
Understanding the Premium Structure
The senior citizen FD rates differ from bank to bank and are influenced by the length of the deposit. If you go for a shorter term, you might get lower extra interest rate, but if you choose a longer term, you might get a better premium. Some banks keep the extra rates the same for all terms, while others have a tiered system.
A lot of banks offer special rates for super seniors—those who are 80 years old and older—offering an even higher premium of up to 1% over the standard rates. This recognition of the financial challenges faced by older individuals highlights the banking sector’s commitment to assisting elderly depositors.
Comparing Returns: A Practical Example
Consider a deposit of ₹10 lakh for five years. At a regular interest rate of 7%, the maturity would amount to ₹14.03 lakh. However, with senior citizen FD rates at 7.50%, that same deposit would mature at around ₹14.36 lakh-a difference of ₹33,000. For retirees who have fixed monthly expenses, this extra income is incredibly helpful. The difference is even more noticeable with bigger deposits. If you invest ₹50 lakh, the difference could go beyond ₹1.5 lakh over the same duration, which can greatly improve retirement comfort.
Tax Implications and TDS Considerations
While senior citizens enjoy better FD interest rates, they also benefit from higher TDS thresholds. Senior citizens can have a TDS deduction limit of ₹50,000 on fixed deposit interest each year, while others only get ₹40,000. Plus, if their total income is below the taxable limit, they can fill out Form 15H to avoid TDS.
This mix of higher rates and tax benefits makes fixed deposits particularly attractive to retirees looking for a steady income.
Eligibility and Documentation
If you want to enjoy the preferential FD interest rates, make sure you’re 60 or older when you book your deposit. You’ll need to show proof of age, which can be a PAN card, Aadhaar card, or passport. Some banks automatically apply senior citizen rates to your existing deposits upon turning 60, while others require an explicit request.
Making the Right Choice
Fixed deposits for senior citizens are a smart choice for retirement planning. The difference in interest rates, combined with tax advantages and safety, makes it appealing. That is why, before locking your money in an FD, compare your options from multiple banks, how much cash you may need, and if you want to spread your deposits over tenures for maximum returns and flexibility. The enhanced returns may seem modest initially, but they accumulate meaningfully over the years, providing financial security during your golden years.
AD Agencies
Havas hits 2025 targets, posts 3.1 per cent organic growth
Net revenue rises to €2.78 bn as AI push and acquisitions lift performance
PUTEAUX, FRANCE: Havas delivered a solid set of full-year results for 2025, beating its own guidance as steady organic growth, tighter cost control and an aggressive push into artificial intelligence lifted margins and cash flow.
The advertising and communications group reported organic net revenue growth of 3.1 per cent for the year, slightly ahead of its guided range of 2.5 to 3.0 per cent. Net revenue rose to €2.78 billion, while adjusted Ebit climbed to €358 million, translating into a margin of 12.9 per cent, up 50 basis points from last year.
Net income increased 11.1 per cent to €210 million, with group share of net income rising 9.2 per cent to €189 million. Operating cash flow after working capital jumped 53 per cent to €360 million, reflecting improved collections and disciplined spending.
The fourth quarter capped the year on a strong note, with organic growth of 3.7 per cent, driven by momentum across Europe and North America. For the full year, North America led with organic growth of 4.9 per cent, while Europe posted 2.0 per cent growth. Latin America returned to growth, and APAC and Africa were supported by India.
Chairman and CEO Yannick Bolloré, said 2025 marked a “transformative year” for Havas, its first full year as a listed company. He credited the rollout of the group’s Converged.AI operating system and a client-centric model for delivering on guidance in a highly competitive market.
Havas continued its acquisition spree, buying majority stakes in 11 agencies during the year across Europe, Australia and New Zealand, strengthening its media, creative, health and data capabilities. The group also struck strategic partnerships with AI players Vurvey Labs and Akkio to deepen its agentic AI capabilities.
Looking ahead, Havas guided for organic growth of 2.0 to 3.0 per cent in 2026 and an adjusted Ebit margin of between 13.2 and 13.5 per cent. The group plans to maintain a dividend payout ratio of around 40 per cent and pursue five to ten bolt-on acquisitions during the year.
Havas also confirmed its medium-term ambition of lifting margins to between 14 and 15 per cent by 2028, underlining confidence in its AI-led strategy and diversified geographic footprint.
