Benefits & Features Of Senior Citizen Fixed Deposits

Fixed deposits are not just an instrument of investment for youngsters; if you are considered a senior citizen, you too can open an FD which is referred to as the senior citizens fixed deposit.

The main point on which differ from regular fixed deposits is on the interest rates because Sanmati Bank offer special interest rates to senior citizens.

Eligibility

Individual in Single or Joint

Document Required

Duly filled in Account Opening Form with valid residential proof, PAN Number, 1 photograph and introduction by existing account holder of the Bank.

Interest Rate

# Duration Interest Rate Rs.15 lakh and Above Senior Citizen Co - operative Societies
1 Saving Account 4.00% - - -
2 15 days to 45 days 5.50% 5.75% 6.00% -
3 46 days to 90 days 6.00% 6.25% 6.50% -
4 30 days to 90 days - - - 6.00%
5 91 days to 180 days 6.50% 6.75% 7.00% 7.25%
6 181 days to 1 Year 7.50% 7.75% 8.00% 8.50%
7 1 Year to 2 Years 8.75% 9.00% 9.25% 9.00%
8 2 Years to 3 Years 9.00% 9.25% 9.50% 9.25%
9 3 Years to 5 Years 9.50% 9.75% 10.00% 9.00%
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