Lakshmi Vilas Bank:
LVB offers fixed deposits for planned expenditure or savings. The deposit period ranges from 15 days to 10 years. The minimum deposit amount is Rs.100, there is no limit on the maximum amount. Loan and nomination facility is available to the depositors.
The senior citizens get a 9.30% interest per annum for maturity periods 1 year and above but less than 2 years, for 2 years and above up to 899 days, for 901 days to less than 3 years and for 3 years and above but less than 5 years. 9.50% interest per annum for a period of 900 days and 9.25% interest per annum for a period of 5 years and above.
DCB Bank:
The tenure ranges from 14 days to 10 years. The minimum deposit is Rs.10,000. Loans are available against fixed deposits. The maximum drawing power is up to 80% of the value of the fixed deposit. On maturity, the deposit is automatically renewed so that the money is not idle.
The interest rates per annum for domestic deposits less than Rs.1 crore is:
- For 60 days: 9% for general citizen and 9.5% for senior citizen.
- For period of 6 months – less than a year and for 12 months – 13 months and for more than 60 months to 120 months the interest rate is 9.25%.
- For 24 months 36 months and for more than 36 months to 60 months, the interest is 9.40%.
The interest rate per annum for NRO fixed deposit less than Rs.1 crore is:
- For 60 months the interest is 9% per annum.
For NRE fixed deposits less than Rs.1 crore, the interest per annum is:
- 13 months to less than 24 months: 9.10%
- 24 months- 36 months and more than 36 months to 60 months and for 60 months: 9%.
Canara Bank:
Canara bank offered safe and liquid fixed deposits with high returns. The minimum amount is Rs.1,000, there is no limit to the maximum amount. The tenure for the fixed deposit ranges from 15 days- 120 months. Loans are available against the deposit.
Term deposits for general public for deposits less than Rs.1 crore:
- 9.28% p.a. for a period of 2 years & above – less than 3 years.
- 9.69% p.a. for a period 3 years & above less than 5 years.
- 10.09% p.a. for a period of 5 years & above- less than 8 years.
- 11.52% p.a. for a period of 8 years & above 10 years.
Term deposits for Senior Citizen for deposits less than Rs.1 crore:
- 9.42% for deposits for 1 year and above 1 year- less than 2 years.
- 9.86% p.a. for 2 years & above – less than 3 years.
- 10.33% p.a. for 3 years & above less than 5 years.
- 10.83% p.a. for 5 years & above- less than 8 years.
- 12.48% p.a. for 8 years & above 10 years.
For the deposits, which you can withdraw before the tenure ends, the interest rates per annum are as follows:
- 9.72% for 5 years & above less than 8 years.
- 11.06% for 8 years & above 10 years.
For the deposits, which you cannot withdraw before the tenure ends, the interest rates per annum are as follows:
- 9% for 3 years & above less than 5 years.
- 9.79% for 5 years & above- less than 8 years.
- 11.15% for 8 years & above 10 years.
Karnataka Bank:
Karnataka Bank offers 0.5% additional interest over the general rate on the fixed deposits up to and inclusive of Rs.3 crore. The rates are as follows: For deposits up to and inclusive of Rs.1 crore:
- 9.25% interest p.a. for deposit period of of 1 – 2 years.
- 9% interest p.a. for deposit period above 2 years- 10 years.
For deposits between Rs.1 crore Rs.3 crore: 9% interest p.a. is provided for deposit period of 1-2 years.
Yes Bank:
Yes bank offers the following interest rates for senior citizens:
- 9% interest p.a. for amount less than Rs.1 crore and the tenure being 9 months to less than a year.
- If the fixed deposit is taken for 1 year to or equal to 10 years, the interest is 9% p.a.
- Special rate interest is given for the fixed deposit below Rs.1 crore:
- 9.25% interest p.a. for 15 months 10 days 15 months 20 days.
- 9.30% interest p.a. for 18 months 8 days- 18 months 18 days.
- 9.35% interest p.a. for 21 months 10 days- 21 months 20 days.
South Indian Bank:
The senior citizens with single fixed domestic deposit less than Rs.1 lakh will get the following interest rates:
- 12 months less than 15 months: 9.25% p.a.
- SIB Freedom i.e. 15 months: 9.30% p.a.
- Above 15 months- less than 3 years: 9.25% p.a.
- 3 years 10 years (inclusive): 9.25% p.a.
- Tax Gain: 9.25% p.a.
Dhanlaxmi Bank:
The interest on term deposits for domestic and NRO deposits for the senior citizen are:
- 9.30% p.a. for term period of 365 days and above inclusive of 2 years.
- 9.25% p.a. for the term period of above 2 years up to and inclusive of 10 years.
The interest rates are for the domestic term deposits one year and above except for Dhanam Tax Advantage deposit.
Tamilnad Mercantile Bank Ltd:
The interest rates for the domestic and NRO deposits are:
- 9% p.a. for the term of 5-10 years for a regular citizen.
- For Senior Citizen:
- 9.50% p.a. for the term of 5-10 years.
- 9.35% p.a. for the term of above 2 years but less than 5 years.
- 9.30% p.a. for above 20 months 20 days 2 years.
- 9.30% p.a. for 20 months 20 days.
- 9.30% p.a. for 556 days to less than 20 months 20 days.
- 9.40% p.a. for 555 days.
- 9.30% p.a. for 1 year to 554 days.
Catholic Syrian Bank:
The interest rate for Acharya Deposits for below Rss.1 lakh, Rs.1 lakh and above are as follows:
- 365 days 399 days: 9%p.a.
- 400days: 9.10% p.a.
- 401 days to and including 24 months: 9% p.a.
- Above 24 months to and including 120 months: 9% p.a.
HDFC Bank:
For the amount less than Rs.1 crore, Rs.1 crore till Rs.5 crore, the senior citizens get 9% interest p.a. for the following term:
- 1 year.
- 1 year 1 day to 1 year 3 days.
- 1 year 4 days.
- 1 year 5 days to 1 year 15 days.
- 1 year 16 days.
- 1 year 12 days to 2 years