TOP 5 SENIOR CITIZEN FIXED DEPOSIT ( Tenure 3 and 5 years )

Top 5 Senior Citizen Fixed Deposit

Time for some numb3r Crunching !!

Tenure : 3 year ( Interest Rates Compounded Quarterly )
P=10,000  n=12  t=3  r= as mentioned below

Bank Name                    Interest Rate(r)         Rs 10,000 will yield to
City Union Bank                     10.00                         13,449
Development Credit Bank    9.80                          13,370
IDBI Bank                                    9.75                          13,351
Ing Vyasa Bank                          9.75                          13,351                                           Karur Vyasa Bank                     9.75                          13,351

Tenure : 5 years ( Interest Rates Compounded Quarterly )
P=10,000  n=20  t=5 r=as mentioned below

Bank Name                    Interest Rate(r)       Rs 10,000 will yield to
City Union Bank                        9.75                      16,187
IDBI Bank                                    9.75                      16,187                                           Tamilnad Mercentile Bank   9.75                      16,187
Canara Bank                                9.55                      16,030
Andhra Bank                               9.50                      15,991

Advertisements

Leave a comment

Filed under FIxed Deposit

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s