What are the best fixed deposit rates for senior citizens?

Senior citizens are often loathe to deal with the intricacies of complex financial instruments. In such cases, it might be a good idea to just park their savings in a fixed deposit

Senior citizens are usually not as savvy about financial instruments as the younger generation is. They also often don't want, or are able, to continuously monitor their investments, be they in stocks, mutual funds, or some other. In such cases, it might be best to park their savings in a fixed deposit, which is a fill-it-and-shut-it option for them. At maturity, they can choose to reinvest both the principal and interest, or reclaim the interest and reinvest the principal, or they can even choose for a periodic interest payout. The best part is the banks often offer higher interest rates for senior citizens on FDs. Here are the best fixed deposit rates available to senior citizens, collated by Paisabazaar.com