FD interest rate up to 8.25% for senior citizens investing for one year tenure

Several banks are still offering high interest rates on fixed deposits (FDs) for senior citizens. Rates go up to 8.25% for one-year tenures on deposits under Rs 3 crore. Moreover, the TDS threshold for senior citizens has been increased to Rs 1 lakh from April 1, 2025 which means senior citizens can invest more money in FDs without worrying about TDS. Read below to know more.