You can open fixed deposit account with minimum of 2000 Rupees and Maximum Unlimited. br Fixed deposits can be opened for anything between 7 days and up to 10 years. br There are attractive rates of interest varying from 8.5 to 9.8. Senior citizens hit pay dirt with the highest rates of interests on fixed deposits. br Consider fixed deposits of tenures of 5 years or more to save on tax. Also, you can avail a loan against a fixed deposit.