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Archives - Ratekhoj.com, Indian Personal Finance Trends and News | Ratekhoj.com, Best Fixed Deposits, Loans, Insurance Rates and Credit Cards

January 27, 2008, Ratekhoj.com. South Indian Bank, a private sector bank in India, has launched the SIB:80 fixed deposit scheme to commemorate the 80th anniversary of the bank. This fixed deposit scheme is offered for a duration of 39 months and the interest rate for non-senior citizens is 11.00%. This is the highest interest rate offered by any bank in India currently for fixed deposits. The interest rate for senior citizens for this scheme is 11.25%.

The scheme also offers free accident death insurance cover up to Rs. 1 lac per individual aged up to 70 years. Premature closure of this fixed deposit is permitted. The bank can be contacted for this scheme by visiting any of their branches, by calling Toll Free : 1800 843 1800 or 1800 833 1800 or the SIB, HO-Marketing Dept. at +91-487-2444606 or by email: customercare@sib.co.in. This scheme is valid for a limited time only.

This scheme is also applicable to Non Resident Ordinary (NRO) accounts.

 

Jan 25, 2009, Ratekhoj.com. While banks have been reducing fixed deposit rates recently, there are still many banks offering attractive interest rates on fixed deposits. For non-senior citizens (people below the age of 60), Lakshmi Vilas Bank, a private sector bank, is offering the highest interest rate of 11.00% for fixed deposits. This interest rate is being offered for deposit periods of 1 to 2 years as well as 2 years to 3 years. Development Credit Bank, also a private sector bank, is offering the next best interest rate of 10.75% on fixed deposits for non-senior citizens. This rate is being offered for a period of 1 year. Among public sector banks, Canara Bank is offering the highest fixed deposit interest rate of 10.00% for non-senior citizens for terms of 1 year to 2 years as well as 2 years to 3 years.

The highest fixed deposit rates for non-senior citizens as compiled by Ratekhoj.com based on their durations are as follows:

 

Duration Institutions Rate
3 months Development Credit Bank
Canara Bank
7.50
6 months ABN AMRO Bank
State Bank Of Indore
9.25
1 year Lakshmi Vilas Bank 11.00
2 years Lakshmi Vilas Bank 11.00
3 years Lakshmi Vilas Bank 11.00
4 years City Union Bank 10.25
5 years City Union Bank 10.25
>5 years Tamilnad Mercantile Bank
Lakshmi Vilas Bank
10.00

 

The top 20 fixed deposit rates for non-senior citizens as compiled by Ratekhoj.com across all FD terms are as follows:

 

Duration Institutions Rate
1 year-2 years Lakshmi Vilas Bank 11.00
2 years-3 years Lakshmi Vilas Bank 11.00
1 year Development Credit Bank 10.75
366 days-3 years Development Credit Bank 10.75
300 days South Indian Bank 10.60
2 years City Union Bank 10.60
1 year South Indian Bank 10.60
400 days IndusInd Bank 10.55
1000 days IndusInd Bank 10.55
180 days-1 year Development Credit Bank 10.50
366 days-3 years Development Credit Bank 10.50
1 year-2 years City Union Bank 10.50
3 years South Indian Bank 10.50
1 year Tamilnad Mercantile Bank 10.50
1 year-2 years DBS Bank 10.25
2 years-5 years City Union Bank 10.25
1 year-3 years Tamilnad Mercantile Bank 10.25
1 year-2 years Catholic Syrian Bank 10.25
1 year-2 years DBS Bank 10.25
1 year-2 years Catholic Syrian Bank 10.10

 

For senior citizens (people over 60), the best fixed deposit rate of 11.50% is offered by Lakshmi Vilas Bank, a private sector bank. This interest rate is offered for terms of 1 year to 2 years and 2 years to 3 years. The next highest rate of 11.25% is offered by Development Credit Bank for a term of 1 year as well as a term of 366 days to 3 years. Development Credit Bank is a private sector bank in India. Among public sector banks, Canara Bank is offering the highest fixed deposit interest rate of 10.50% for terms of 1 year to 2 years and 2 years to 3 years.

The highest fixed deposit rates for senior citizens as compiled by Ratekhoj.com based on their durations are as follows:

Duration Institutions Rate
3 months Development Credit Bank 8.00
6 months ABN AMRO Bank 9.50
1 year Lakshmi Vilas Bank 11.50
2 years Lakshmi Vilas Bank 11.50
3 years Lakshmi Vilas Bank 11.50
4 years City Union Bank 10.75
5 years City Union Bank 10.75
>5 years Lakshmi Vilas Bank 10.50

 

The top 20 fixed deposit rates for senior citizens as compiled by Ratekhoj.com across all FD terms are as follows:

 

Duration Institutions Rate
1 year-2 years Lakshmi Vilas Bank 11.50
2 years-3 years Lakshmi Vilas Bank 11.50
1 year Development Credit Bank 11.25
366 days-3 years Development Credit Bank 11.25
300 days South Indian Bank 11.10
2 years City Union Bank 11.10
1 year South Indian Bank 11.10
400 days IndusInd Bank 11.05
1000 days IndusInd Bank 11.05
180 days-1 year Development Credit Bank 11.00
366 days-3 years Development Credit Bank 11.00
1 year-2 years City Union Bank 11.00
3 years South Indian Bank 11.00
1 year-2 years DBS Bank 10.75
2 years-5 years City Union Bank 10.75
1 year-3 years Tamilnad Mercantile Bank 10.75
1 year-2 years Catholic Syrian Bank 10.75
1 year-2 years Dhanalakshmi Bank 10.75
1 year Tamilnad Mercantile Bank 10.75
1 year-2 years Catholic Syrian Bank 10.60

 

People interested in fixed deposit investments can compare fixed deposit rates at Ratekhoj for different durations to get the best interest rates.

If you are looking to buy a health insurance policy in India (also referred to commonly as Mediclaim policy), you must understand the coverage you can get from the policy so that you can compare the different plans. Typical benefits from health insurance or mediclaim policies in India fall under the following categories: 

It must be noted that not all policies provide all of the above benefits. The benefit coverage amounts for each of the above may also vary based on the type of policy you have taken and the company from which you are taking the health insurance policy.