Top 5 Senior Citizen Bank FDs – 1 , 2 , 3 , 5 Year Block

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Best Senior Citizen FD Interest Rate 2016: Senior citizen bank FDs are one of the highest interest rate bank FDs of all time without any doubt. As a Sr. citizen if you are planning to open a Bank FD with highest interest rate, then this article will help you find out the best FDs in 2016 with highest interest rates.

As a senior citizen, it is good to put money for short term deposit schemes like fixed deposit schemes rather than looking for insurance policies or long term investment plans. Here, you can find out the banks interest rate and also how much return you can expect for an investment of Rs 10,000 in any of the bank FDs.

Top 5 Senior Citizen FDs for 1 year block

Bank NameInterest RateFinal Return
IDBI Bank8.5010,877
DCB Bank8.3010,856
Lakshmi Vilas Bank8.3010,856
City Union Bank8.2510,851
ICICI Bank8.2510,851

Top 5 Senior Citizen FDs for 2 year block

Bank NameInterest RateFinal Return
DCB Bank8.5011,832
Lakshmi Vilas Bank8.4011,809
ICICI Bank8.2511,774
J & K Bank8.2511,774
Karur Vysya Bank8.2511,774

Top 5 Senior Citizen FDs for 3 year block

Bank NameInterest RateFinal Return
DCB Bank8.5012,870
Lakshmi Vilas Bank8.4012,832
ICICI Bank8.2512,776
Karur Vysya Bank8.2512,776
J & K Bank8.1012,720

Top 5 Senior Citizen FDs for 5 year block

Bank NameInterest RateFinal Return
DCB Bank8.4015,154
Lakshmi Vilas Bank8.3015,080
Karur Vysya Bank8.2515,043
Andhra Bank8.0014,859
HDFC Bank8.0014,859

Note: This data is collected from The Economic Times Wealth Magazine. Please visit the bank website first to check the current Senior Citizen bank FD interest rates in 2016 and then only invest in fixed deposit schemes.

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