NEWS & ADVICE : FIXED DEPOSITS
Deposit rates hiked by South Indian Bank for senior citizens
By Neelima Shankar
Oct 11, 2010
Print    Email    RSS   

South based lender, South Indian Bank has raised interest rates on deposits for senior citizens. The step up has been made so as to mark the Bank's celebration of Seniors' Month in October.

The bank would be offering highest interest rates for deposits having tenor in the range of 180 days to 3 years. All senior citizens applying for deposits in this range in this month will get these special benefits.

Deposits of 180 days to less than 1 year would now fetch 7.50 per cent against 6.50 per cent for others.For deposits of 1 year up to 3 years the rate had been increased to 8.50 per cent against 7.50 per cent for others.

Deposits above 3 years up to 5 years would fetch 8.50per cent against 7.7 for others.

There are around 600 million persons aged 60 years and above today worldwide.

The bank has tied up with several insurance companies in order to provide health insurance benefits to senior citizens.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Medical Insurance: Save tax along with health
Carnival of Indian Personal Finance Blogs #6
Sweep in to Auto Sweep savings A/c
Investment options to Save Tax under...
Credit profile and its effect on loan...


Sakeela.CaℒL Giℛℒs In Kharar 0985566O911...
NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...
Chandigarh@CaℒL Giℛℒ In Rajpura +O9855660911...

NEWS THIS WEEK
Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive