Section 80TTA - Generally, the interest earned from the amount deposited in a savings account is taxable. But, you can claim a tax deduction under Section 80 TTA for up to a maximum amount of ₹10,000 earned as interest on savings bank account or post office for a given year.
Section 80TTB - The right to resident senior citizens (age should be 60 years or above) to claim a larger deduction of ₹ 50,000 on the interest income earned on deposits. Interest income includes Interest on bank deposits; either savings, recurring or fixed deposits, deposits at the post office, on the deposits held in co-operative society mainly engaged in the business of banking.