Best Fixed Deposit Interest Rate for Senior Citizens

by Manshu on February 18, 2011

in Fixed Deposits

Rahul just left a comment answering another reader about the best fixed deposit interest rate available for senior citizens right now.

I was certainly not aware of this, and at 10.5% for 8 years – Canara Bank is offering the best interest rate to senior citizens right now.

Some other banks that offer high interest rates are Axis Bank, IDBI and Tamil Nadu Mercantile Bank – all of them offer 10% to senior citizens for varying durations.

If you know of anything better then please leave a comment and I’ll update the post, and here is my earlier post about banks with high interest rates on their fixed deposits.

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