Latest Fixed Deposit Interest Rates for Senior Citizens in India – 2015 (As On 4th Oct 2015

Comparison of investment rates for term deposits for Senior Citizen in India. The above table shows term deposit rates of different banks in India.

Bank Interest Rates Per Annum Type of Organization
RBL BANK  9.25% Compound yearly Indian Private Sector Banks
DCB Bank  8.65% Quarterly compounding Indian Private Sector Banks
PNB Housing Finance Limited 8.5% Compound yearly  Housing Finance Company
HUDCO 9.4% Quarterly compounding Company
Sundaram Finance 9.0% Quarterly compounding NBFC
Lakshmi Vilas Bank 8.9% Monthly compounding Indian Private Sector Banks
Mahindra Finance 9.25% Compound yearly NBFC
National Housing Bank 8.85% Quarterly compounding Company
Nainital Bank 8.8% Quarterly compounding Indian Private Sector Banks
State Bank of Patiala 8.77% Quarterly compounding Public Sector Banks
LIC Housing 8.85% Compound every 6 months Housing Finance Company
Dhanalakshmi Bank 8.75% Quarterly compounding Indian Private Sector Banks
IndusInd Bank 8.75% Quarterly compounding Indian Private Sector Banks
Karur Vysya Bank 8.75% Quarterly compounding Indian Private Sector Banks
South Indian Bank 8.75% Quarterly compounding Indian Private Sector Banks
TamilNad Mercantile Bank 8.75% Quarterly compounding Indian Private Sector Banks
Yes Bank 8.75% Quarterly compounding Indian Private Sector Banks
Shriram City Union Finance 9.0% Compound yearly NBFC
State Bank of Hyderabad 8.55% Monthly compounding Public Sector Banks
Dena Bank 8.6% Quarterly compounding Public Sector Banks
Jammu and Kashmir Bank 8.6% Quarterly compounding Indian Private Sector Banks
Kotak Mahindra Bank 8.5% Monthly compounding Indian Private Sector Banks
IDBI Bank 8.5% Monthly compounding Public Sector Banks
Vijaya Bank 8.5% Monthly compounding Public Sector Banks
ICICI HFC 8.5% Monthly compounding Housing Finance Company
Punjab and Sind Bank 8.55% Quarterly compounding Public Sector Banks
Allahabad Bank 8.5% Quarterly compounding Public Sector Banks
Andhra Bank 8.5% Quarterly compounding Public Sector Banks
Bank Of Baroda 8.5% Quarterly compounding Public Sector Banks
Bank of India 8.5% Quarterly compounding Public Sector Banks
Bank of Maharashtra  8.5% Quarterly compounding Public Sector Banks
Central Bank of India 8.5% Quarterly compounding Public Sector Banks
Oriental Bank 8.5% Quarterly compounding Public Sector Banks
Punjab National Bank 8.5% Quarterly compounding Public Sector Banks
State Bank of Bikaner and Jaipur 8.5% Quarterly compounding Public Sector Banks
State Bank of Mysore 8.5% Quarterly compounding Public Sector Banks
Syndicate Bank 8.5% Quarterly compounding Public Sector Banks
Indian Overseas Bank 8.5% Compound every 6 months Public Sector Banks
Union Bank 8.5% Compound every 6 months Public Sector Banks
Federal Bank 8.35% Monthly compounding Indian Private Sector Banks
HDFC Bank 8.4% Quarterly compounding Indian Private Sector Banks
Axis Bank 8.4% Quarterly compounding Indian Private Sector Banks
UCO Bank 8.4% Quarterly compounding Public Sector Banks
India Post Office 8.4% Quarterly compounding NBFC
Shriram Transport Finance Company Ltd 8.65% Compound yearly NBFC
Corporation Bank 8.35% Quarterly compounding Public Sector Banks
Karnataka Bank 8.25% Monthly compounding Indian Private Sector Banks
Catholic Syrian Bank  8.25% Quarterly compounding Indian Private Sector Banks
ICICI Bank 8.25% Quarterly compounding Indian Private Sector Banks
Indian Bank 8.25% Quarterly compounding Public Sector Banks
Canara Bank 8.5% Compound yearly Public Sector Banks
State Bank of Travancore 8.15% Quarterly compounding Public Sector Banks
Gruh Finance Limited 8.25% Compound yearly Indian Private Sector Banks
Standard Chartered Bank 8.0% Quarterly compounding Foreign Banks
Royal Bank of Scotland 8.0% Quarterly compounding Foreign Banks
United Bank of India 8.0% Compound yearly Public Sector Banks
CitiBank 7.75% Quarterly compounding Foreign Banks
SBI 7.75% Quarterly compounding Public Sector Banks
DBS Bank 7.4% Monthly compounding Indian Private Sector Banks
Saraswat Cooperative Bank 7.25% Monthly compounding Public Sector Banks
Deutsche Bank 7.0% Quarterly compounding Foreign Banks
HSBC 6.75% Quarterly compounding Foreign Banks
Barclays Bank 5.25% Quarterly compounding Foreign Banks

The above table gives us a detailed overview of the banks offering highest fixed deposit rates. Do proper analysis before investing in term deposits.