New Delhi, May 13 -- Prior to opening a bank fixed deposit (FD), investors are supposed to compare the interest rates offered by different banks. Almost all banks, invariably, offer higher interest rates to senior citizens. While on an average, highest interest rate of 7 percent is offered on a fixed deposit of one to two-year tenure to the general citizens, senior citizens are entitled to get an extra 50 basis points on these rates.

Some banks, in the recent past, have slashed their rates on fixed deposits after RBI cut repo rate by 25 basis points to 6 percent on April 9.

The table below shows the latest interest rates offered by different banks to senior citizens. We have compiled only the highest interest rate offered by these banks...