TOP 5 SENIOR CITIZEN FIXED DEPOSIT ( Tenure 1 and 2 years )

Top 5 Senior Citizen Fixed Deposit

Time for some numb3r Crunching !!

Tenure : 1 year ( Interest Rates Compounded Quarterly )
P=10,000  n=4  t=1  r= as mentioned below

Bank Name                    Interest Rate(r)            Rs 10,000 will yield to
Corporation Bank                    9.50                             10,984
Yes Bank                                      9.50                             10,984
Indian Bank                                9.50                            10,984
Kotak Mahindra Bank            9.50                            10,984
Canara Bank                               9.25                             10,958

Tenure : 2 years ( Interest Rates Compounded Quarterly )
P=10,000  n=8  t=2 r=as mentioned below

Bank Name                    Interest Rate(r)       Rs 10,000 will yield to
City Union Bank                        10.00                    12,184
Karur Vyasa Bank                     10.00                   12,184
IDBI Bank                                        9.75                   12,125
Ing Vyasa Bank                              9.75                   12,125
Karnataka Bank                             9.75                   12,125

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