To be sure, banks have reduced their fixed deposits (FD) rates due to increased inflows and lack of safe lending opportunities. For example, the five-year FD interest rate from SBI is just 6.2 per cent for senior citizens and 5.4 per cent for others. FD rates offered by HDFC Bank are also similar – i.e. 6.25 per cent for senior citizens and 5.5 per cent for others. While this is low for normal investors, this is really unattractive for people in