Saturday, November 23, 2013

Best Senior Citizen FD Interest Rates

Interest rates have gone down for the last few months but have started to inch up at least for the short duration. There are few banks which are still offering high interest rates for senior citizens. Fixed deposits have  always been preferred choice of investment for senior citizens because the returns are predictable and investment up to Rs 1 lakh is insured in banks.

These rates are as of 23 November, 2013:

Bank

6 mnth
1 year
2 year
3 year
4 year
5 year
Lakshmi Vilas Bank

9.00%
10.00%
10.00%
9.75%
9.75%
9.75%
Dhanlaxmi Bank

9.00%
9.75%
9.50%
9.50%
9.50%
9.50%
City Union Bank

7.85%
9.75%
9.75%
9.50%
9.50%
9.50%
Tamilnad Mercantile Bank

9.00%
10.00%
10.00%
9.75%
9.75%
9.75%
HSBC

8.25%
8.75%
7.25%
7.00%
7.25%
7.25%
ICICI

8.25%
9.50%
9.50%
9.50%
9.50%
9.50%
HDFC

9.25%
9.50%
9.25%
9.25%
9.25%
9.25%
Axis

9.25%
9.75%
9.50%
9.50%
9.50%
9.50%
IDBI

9.25%
9.75%
9.90%
9.50%
9.75%
9.50%
Kotak

9.25%
9.50%
9.25%
9.25%
9.00%
9.00%
PNB

8.00%
9.50%
9.50%
9.50%
9.50%
9.50%
BOI

8.50%
9.50%
9.50%
9.50%
9.50%
9.50%
Oriental

9.50%
9.50%
9.50%
9.50%
9.25%
9.25%
Canara

7.50%
9.55%
9.55%
9.55%
9.55%
9.55%
SBI

7.00%
9.25%
9.25%
9.25%
9.25%
9.25%
Dena

8.75%
9.50%
9.50%
9.50%
9.00%
9.00%
Citibank

8.50%
8.50%
8.50%
8.75%
8.75%
8.75%
IndusInd

8.25%
9.75%
9.75%
9.75%
9.25%
9.25%
Yes

9.50%
9.75%
9.85%
9.50%
9.50%
9.50%


Want to earn even higher rate of return on fixed deposit? Checkout company fixed deposits, though invest wisely in small amounts in good companies only.

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