Sundaram Finance FD scheme for senior citizens (9% for 3 years)

Sundaram Finance scheme for senior citizens

CHENNAI: Sundaram Finance has introduced a fixed and cumulative
deposit scheme for senior citizens. It will offer 8.25 per cent
interest on one year deposit, 8.50 per cent on 2 year deposit and 9
per cent on 3 year deposit. The effective yield of a three year
cumulative deposit will be 10.20 per cent. The company has also
announced an increase in FD and CD rates for others. It will offer 8
per cent (7.50 per cent) on one year, 8.25 per cent (8 per cent) on
two year and 8.50 per cent (8.50 per cent) on three year deposits
effective from November 8.
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Source:

http://www.thehindu.com/2010/11/03/stories/2010110353661500.htm

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.
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Syndicate also pays same rates; See rates of South Indian Bank in this blog also.
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