50 Best Fixed Deposit Rates for Senior Citizens – March 2013

I had written about 50 Best Fixed Deposit Schemes for General Public and I got request to publish a similar list for Senior Citizens. Historically banks used to give at least 0.5% more interest to senior citizens. But things are changing now. Recently State Bank of India (SBI) and Punjab National Bank (PNB) have revised their fixed deposit rates and have reduced the interest premium for senior citizens from 0.5% to 0.25%.

Also some banks don’t offer senior citizens interest premium for special term deposits of say 500 days, 555 days, etc.

Here is 50 Best Fixed deposit scheme for Senior Citizens spanning across various banks and different tenures that you can choose from.

Click for Best Interest Rate on FDs for Senior Citizens

The FD rates are as of February 28, 2013.

Fixed Deposit Highlights:

  1. The highest Fixed Deposit Rate is 10.15% offered by The Catholic Syrian Bank for 1 – 2 Years
  2. Most of the deposit in lists are of special duration such has 555 days, 1000 days, 1111 days, etc
  3. For tenure of 1 Year the highest FD Rate is 10.00% by The Lakshmi Vilas Bank for 1 Year
  4. For tenure of 1 to 2 Years the highest FD Rate is 10% by The Catholic Syrian Bank for 1 – 2 Years
  5. For tenure of 2 to 5 Years the highest FD Rate is 9.75% by The Karur Vysya Bank Limited, Yes Bank, Tamilnad Mercantile Bank Limited, IDBI Bank, IndusInd Bank, Axis Bank,Development Credit Bank Ltd.,IndusInd Bank
  6. For tenure of more than 5 Years the highest FD Rate is 9.75% by Union Bank of India for 7 years 7 months

The list below is shorted by Fixed Deposit interest rates offered.

Rate(%) Duration Bank
10.15% 365 days and including 24 months The Catholic Syrian Bank
10.00% 15 Months 15 Days to 16 Months Yes Bank
10.00% 365 days to 499 days City Union Bank
10.00% 1 year The Lakshmi Vilas Bank
10.00% 500 days City Union Bank
10.00% 555 days (only for individuals) TNSC Bank
9.80% 50 months to less than 60 months Development Credit Bank Ltd.
9.75% 7 years 7 months Union Bank of India
9.75% 1 Year (V-Vaibhav ) Vijaya Bank
9.75% SBH – Double State Bank of Hyderabad
9.75% SBH – 500 State Bank of Hyderabad
9.75% 500 days Punjab and Sind Bank
9.75% 555 days Bank of India
9.75% 501 days to 5 years City Union Bank
9.75% Above 1 year to less than 2 years The Lakshmi Vilas Bank
9.75% 1 year to below 1 years 2 months IndusInd Bank
9.75% 366 days to 1095 days ING Vysya Bank
9.75% Above 2 years to 3 years The Karur Vysya Bank Limited
9.75% 3 Years to less than 10 Years Yes Bank
9.75% 1 Year to less than 3 Years Yes Bank
9.75% 365 days ING Vysya Bank
9.75% Above 20m20d to 5 years Tamilnad Mercantile Bank Limited
9.75% 20 months 20 days Tamilnad Mercantile Bank Limited
9.75% 555 days Central Bank of India
9.75% greater than 500 days to 5 years IDBI Bank
9.75% 500 days IDBI Bank
9.75% 12 months to less than 24 months TNSC Bank
9.75% 2 years 6 months to below 2 years 9 months IndusInd Bank
9.75% 13 months Development Credit Bank Ltd.
9.75% 30 months to less than 3 years Axis Bank
9.75% 2 years to less than 30 months Axis Bank
9.75% 18 months to less than 2 years Axis Bank
9.75% 18 months Development Credit Bank Ltd.
9.75% 19 months to 24 months Development Credit Bank Ltd.
9.75% 36 months Development Credit Bank Ltd.
9.75% 1 year to below 1 years 2 months IndusInd Bank
9.75% 2 years 6 months to below 2 years 9 months IndusInd Bank
9.75% 3 years to less than 5 years Axis Bank
9.70% 5 YEARS to less than 8 years Bank of India
9.65% 1111 Days (Baroda Maha Utsav Deposit Scheme) Bank of Baroda
9.60% 1111 Days Bank of India
9.60% Above 2 YEARS & upto 3 years State Bank of Mysore
9.55% 8 YEARS and above up to 10 Years Bank of India
9.55% Golden Jubli Deposit (50 weeks) State Bank of Bikaner and Jaipur
9.55% 8 YEARS and above to 10 years Canara Bank
9.55% 5 YEARS and above to less than 8 years Canara Bank
9.55% 3 YEARS and above to less than 5 years Canara Bank
9.55% 2 YEARS and above to less than 3 years Canara Bank
9.55% 1 year and above to less than 2 YEARS Canara Bank

Disclaimer: Interest rates can change from time to time. Please check the latest interest rates with the bank before investing.

5 thoughts on “50 Best Fixed Deposit Rates for Senior Citizens – March 2013

  1. Satyam Singh says:

    this was very good information. thnaks

    • Are you looking to invest in FDs?

      • I am a senior citizen. I have been investing in FD of 3 year term with 12.5% interest with interest payable quarterly. I already have deposits with Unitech Ltd. , Ansal Prop. and Infra Ltd and with JP Associates. I wish to include more reputed companies to distribute and reduce risks. Can you indicate companies offering 12 to 12.5% interest?

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