Saturday, October 9, 2010

Indian Bank pays 8.25% on FDs by senior citizens for 2 years and above

Indian Bank hikes term deposit rates

CHENNAI: Indian Bank has hiked the interest rates on domestic term deposits of less than Rs. 15 lakh with maturity period of one year to less than two years by 25 basis points from 7 per cent to 7.25 per cent for general public and from 7.50 per cent to 7.75 per cent for senior citizens with effect from October 7. According to a release, for deposits with maturity of two years and above, the bank already offers 8.25 per cent for senior citizens and 7.75 per cent for general public.
Syndicate also pays same rates; See rates of South Indian Bank in this blog also.


  1. A blessing for Senior Citizens in the current inflationary trends

  2. a little cheer for safe investment.

    I have two entries for the Indiblogger share life contest, please read and promote it if you like it. Cheers.

    The post links:

  3. City Union Bank is offering 9% for 777 days deposit to Senior Citizens.