Fixed deposits or FDs offer guaranteed returns. SBI latest FD rates for senior citizens: State Bank of India (SBI) is the largest banking and financial services organisation in India. The country ...

Currently, the interest earned on FDs is taxable, and if the amount exceeds Rs 40,000 (Rs 50,000 for senior citizens), it becomes subject to Tax Deducted at Source (TDS).

The State Bank of India (SBI) has introduced the SBI Patrons Fixed Deposit Scheme, specifically designed for super senior ...