Senior citizens: Unlock up to 8.1% interest on 3-yr FD

Private sector banks offer senior citizens up to 8.1% interest rates on fixed deposits (FDs) below Rs 2 crore. DCB Bank provides an 8.1% interest rate for FDs maturing between 26 months and less than 37 months. RBL Bank offers 8% interest for FDs maturing between 24 months 1 day and 36 months. IndusInd Bank also provides 8% interest for FDs maturing between 2 years 9 months and 3 years 3 months. Additionally, TDS gets deducted if a senior citizen's cumulative interest income exceeds Rs 50,000, but they can prevent deduction by submitting Form 15H.