Do senior citizens have any benefit from investing in a 5 lakh FD?

Yes, as a senior citizen, you can enjoy multiple benefits from investing Rs. 5 Lakh in a FD scheme, including:

• You get assured returns at a fixed rate of interest
• There is zero risk of loss as the returns are not market-linked, and you get the full principal amount plus the accrued interest on maturity
• You have the flexibility to choose the investment period. You can invest for a maximum of 5 years
• You get an additional 0.25% interest than the interest offered to other investors, meaning you get higher returns and you can accomplish all your financial goals