The interest rates on small-saving schemes as well as bank fixed deposits have declined steeply over the past one year. Even so, there are some banks that offer attractive rates on five-year tax-saving FDs for senior citizens. Six private sector banks offer interest rates in excess of 7% to senior citizens on tax-saving five-year FDs. IDFC First Bank and Yes Bank are offering 7.75%. RBL Bank is offering 7.65% and AU Small Finance Bank 7.50%. DCB Bank and IndusInd Bank are offering 7.45% and 7.25% respectively. However, Axis Bank, HDFC Bank and ICICI Bank offer only 6% on 5-year FDs.