Senior citizen fixed‑deposit rates rise to 8.10%, prompting comparison with SCSS and post office schemes

Senior citizen fixed‑deposit rates have been raised to 8.10%. The increase positions bank deposits as a competitive option for retirees. Business Today compared these rates with the Senior Citizens’ Savings Scheme (SCSS). The analysis also examined post office savings schemes. Higher returns aim to attract senior savers seeking stable income. The move reflects banks’ effort to capture a growing retiree market. Consumers are advised to evaluate interest rates and tax implications. Market watchers will monitor whether the higher rates sustain deposit growth.