IndusInd Bank and IDFC First Bank are both offering very attractive interest rates.
IndusInd Bank is offering senior citizens an interest rate of 8.25% if the deposits are above 18 months and up to 3 years and 3 months.
The bank is similarly offering an interest rate of 7.75% on the above mentioned tenures.
A 549 days to 3 years deposits at IDFC First gives an interest rate of 8.25% to senior citizens.
On the other hand a 549 days to 3 years deposit gives an interest rate of 7.75% on regular deposits.
Both the banks are large and reputed and chances of a default look negligible.
It's always prudent to look for large and safe banks when placing money in bank deposits.