Best Senior Citizen FD Interest Rates

Interest rates have gone down for the last few years so very few FD options 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 28 April, 2019:

Bank		6 mnth	1 year	2 year	3 year	4 year	5 year
Lakshmi Vilas Bank		8.15%	8.35%	8.60%	8.45%	8.45%	8.45%
Dhanlaxmi Bank		7.00%	7.50%	7.75%	7.00%	7.00%	7.00%
City Union Bank		7.00%	7.50%	7.50%	7.50%	7.50%	7.50%
Tamilnad Mercantile Bank		6.75%	7.75%	7.50%	7.50%	7.40%	7.40%
IDFC		7.50%	8.25%	8.75%	8.00%	8.00%	8.00%
ICICI		7.00%	7.60%	8.00%	8.00%	7.75%	7.75%
HDFC		7.25%	7.80%	7.90%	7.90%	7.75%	7.75%
Axis		7.00%	8.00%	8.15%	8.00%	7.75%	7.75%
IDBI		7.00%	7.75%	7.70%	7.80%	7.35%	7.35%
Kotak Bank		7.00%	7.80%	7.75%	7.60%	7.50%	7.50%
PNB		7.10%	7.60%	7.25%	7.25%	6.75%	6.75%
BOI		6.75%	7.25%	7.20%	7.20%	7.00%	7.00%
Oriental		7.00%	7.35%	7.35%	7.00%	7.00%	7.00%
Canara		6.50%	7.25%	7.10%	7.10%	6.50%	6.50%
SBI		6.85%	7.30%	7.30%	7.30%	7.30%	7.30%
BOB		7.00%	7.35%	7.30%	7.20%	7.20%	7.20%
Citibank		6.50%	7.00%	7.00%	7.00%	6.50%	6.50%
IndusInd		7.50%	8.10%	8.25%	8.25%	7.85%	7.85%
Yes		7.35%	7.75%	7.75%	7.75%	7.75%	7.75%

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. There have been quite a few interest payment defaulters on company fixed deposits or NCBs so please be very selective if there is a strong inclination.

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