Senior citizens to get 8% interest on deposits up to ₹7.5L
Prime Minister Narendra Modi on Saturday announced that all senior citizens will get an assured interest of 8% for 10 years on fixed deposits up to ₹7.5 lakh. The amount earned in interest can be withdrawn on monthly basis, Modi added. In his New Year's eve address, Modi also launched two housing schemes, eased credit for farmers, among other benefits.