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.

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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.

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