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Q.

What is South Indian Bank FD Interest Rates for Senior Citizens?

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In Kerala, India, South Indian Bank Limited is a well-known private sector bank. This bank provides both regular customers and senior people with fixed deposit plans that range in duration from seven days (short-term) to ten years (long-term). Let me tell you, the South Indian Bank FD interest rates for senior citizens starts at 3.40%. I have shared the latest rates below.

South Indian Bank FD Rates for Senior Citizens

The SIB extends a 0.50% higher interest rate on fixed deposits compared to regular depositors. Here are the senior citizen FD rates for deposits less than Rs. 3 crores:

  • 7 to 30 days: 3.40% p.a.

  • 31 to 90 days: 4.00% p.a.

  • 91 to 99 days: 5.00% p.a.

  • 100 to 180 days: 5.30% p.a.

  • 181 to 270 days: 6.20% p.a.

  • 271 days to <1 year: 6.50% p.a.

  • 1 year: 7.00% p.a.

These FD rates are compounded quarterly, with options for cumulative or periodic payouts. This is all about the South Indian Bank senior citizen FD interest rate.

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