Earn up to 7.85% FD rate. Which bank offers the greatest fixed deposit rate for senior citizens?

The State Bank of India has increased fixed deposit interest rates for senior individuals with tenures of less than a year. The revised prices are effective May 15, 2024. Banks frequently provide higher interest rates to senior citizens. Here is a comparison of the FD rates offered for older folks by major institutions. The bank increased fixed deposit interest rates by 75 basis points (bps) for accounts maturing between 46 and 179 days, from 5.25% to 6% for elderly citizens. SBI increased the interest rate on the 180-day to 210-day tenure by 25 basis points, from 6.25% to 6.50%, for older persons. The bank increased FD rates for older citizens by 25 basis points on tenures ranging from 211 days to less than one year, from 6.50% to 6.75%.