Highest Interest Rate on Senior Citizen FD: Fixed Deposit (FDS) is a popular investment method in India, especially among senior citizens who want to keep their financial condition stable and get regular income. Special FDs get higher interest rates and many other benefits for senior citizens. Before putting money in them, it is important to understand the important aspects of FD, so that you can take full advantage of it.
Benefits of FD
High interest rate
On FDs, banks usually offer more interest from 0.25% to 0.75% to senior citizens above 60 years of investors than common people. These rates may vary on tenure and bank basis. This extra interest can increase the investor’s earnings, especially for those who depend on this money.
Stable return
FD is a reliable investment option, as it guarantees stable returns. This is especially good for those who do not want to take risk on their savings, such as senior citizens.
Regular income
Many senior citizens use the interest received from their FD as regular income during their retirement. You can choose interest payment monthly, quarterly, half -yearly or annually, so that it is according to your financial needs.
Tax benefit
Under Section 80TTB of Income Tax, Senior Citizen gets tax benefit on the interest received in banks, co-operative banks and post offices. This reduces their tax.
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Interest up to 9.10% in these banks on Senior Citizen FD
If you are a senior citizen and want better returns on your savings, then you can check the list of banks here to get a return of up to 9.10 % on Senior Citizen FD.
| Senior Citizen FD Rate List | ||||||
| Bank name | Annual interest rate | |||||
| Where is the most interest |
Interest on 1 year FD (%) |
Interest on 3 years FD (%) |
Interest on 5 years FD (%) |
Interest on 10 years FD (%) |
||
| , | Tenure | |||||
| Small finance bank | ||||||
| AU Small Finance Bank | 8.50 | 18 months | 7.75 | 8.00 | 7.75 | 7.75 |
| Equitas small finance bank | 9.00 | 888 days | 8.60 | 8.50 | 7.75 | 7.75 |
| Esaf Small Finance Bank | 8.88 | 888 days | 6.50 | 7.25 | 6.75 | 6.75 |
| Jana Small Finance Bank | 8.75 | 1 year to 3 years | 8.75 | 8.75 | 8.20 | 7.00 |
| Northeast small finance bank | 9.00 | 18 months 1 day to 36 months | 7.50 | 9.00 | 8.50 | 6.75 |
| Suryoday Small Finance Bank | 9.10 | 5 years | 8.75 | 8.75 | 9.10 | 7.75 |
| Ujjivan Small Finance Bank | 8.75 | 18 months | 8.60 | 7.70 | 7.70 | 7.00 |
| Unity Small Finance Bank | 9.10 | 1001 days | 7.75 | 8.65 | 8.65 | 7.50 |
| Utkarsh small finance bank | 9.10 | 2 years to 3 years; 1500 days | 8.60 | 9.10 | 8.35 | 7.85 |
|
Private bank |
||||||
| Axis bank | 7.75 | 15 months to less than 2 years; 5 years to 10 years | 7.20 | 7.60 | 7.75 | 7.75 |
| Bandhan bank | 8.55 | 1 year | 8.55 | 7.75 | 6.60 | 6.60 |
| City Union Bank | 8.00 | 333 days | 7.25 | 6.75 | 6.50 | 6.50 |
| CSB Bank | 8.00 | 501 days | 5.50 | 6.25 | 6.25 | 6.50 |
| DBS Bank | 8.00 | 376 days to 540 days | 7.50 | 7.00 | 7.00 | 7.00 |
| Dcb bank | 8.50 | 15 months to less than 16 months | 7.60 | 8.00 | 7.90 | 7.75 |
| Federal bank | 8.00 | 444 Days | 7.50 | 7.60 | 7.60 | 7.10 |
| Hdfc bank | 7.90 | 4 years 7 months (55 months) | 7.10 | 7.50 | 7.50 | 7.50 |
| Icici bank | 7.85 | 15 Months to Less Than 18 Months | 7.20 | 7.50 | 7.50 | 7.40 |
| IDFC First Bank | 8.40 | 400 Days to 500 Days | 7.00 | 7.30 | 7.25 | 7.00 |
| Indusind bank | 8.25 | 1 year to 2 years | 8.25 | 7.75 | 7.75 | 7.50 |
| Jammu & Kashmir Bank | 7.80 | 888 days | 7.50 | 7.25 | 7.00 | 7.00 |
| Karur vysya bank | 8.10 | 760 days – SPOSIT | 7.40 | 7.40 | 7.40 | 6.65 |
| Karnataka bank | 8.00 | 401 days | 7.75 | 7.00 | 7.00 | 6.30 |
| Kotak mahindra bank | 7.90 | 390 days to less than 23 months | 7.60 | 7.60 | 6.70 | 6.70 |
| RBL Bank | 8.50 | 500 days | 8.00 | 8.00 | 7.60 | 7.50 |
| Sbm bank india | 8.75 | Above 18 months to less than 2 years 3 days | 7.55 | 7.80 | 8.25 | 7.90 |
| South Indian Bank | 7.90 | 1 year 7 days; 18 months | 7.30 | 7.20 | 6.50 | 6.50 |
| Tamilnad mercantil bank | 8.10 | 300 Days (TMB300) | 7.50 | 7.00 | 7.00 | 7.00 |
| Yes bank | 8.50 | 18 months | 8.25 | 8.00 | 8.00 | 7.75 |
| Government bank | ||||||
| Bank of baroda | 7.80 | 400 days – bob utsav | 7.35 | 7.65 | 7.40 | 7.50 |
| Bank of india | 7.80 | 400 days | 7.30 | 7.25 | 6.75 | 6.75 |
| Bank of maharashtra | 7.95 | 366 days | 7.25 | 7.00 | 7.00 | 7.00 |
| Canara bank | 7.90 | 3 years to less than 5 years | 7.35 | 7.90 | 7.20 | 7.20 |
| Central Bank of India | 8.00 | 1111; 3333 days | 7.35 | 7.50 | 7.25 | 7.25 |
| Indian bank | 7.80 | 400 Days – Ind Super | 6.60 | 6.75 | 6.75 | 6.85 |
| Indian Overseas Bank | 7.80 | 444 Days | 7.60 | 7.00 | 7.00 | 7.00 |
| Punjab National Bank | 7.75 | 400 days | 7.30 | 7.50 | 7.00 | 7.30 |
| Punjab & Sind Bank | 7.95 | 555 days | 6.80 | 6.50 | 6.50 | 6.75 |
| State bank of india | 7.75 | 444 Days – Amrit Vrishti | 7.30 | 7.25 | 7.50 | 7.50 |
| Union Bank of India | 7.80 | 456 days | 7.30 | 7.20 | 7.00 | 7.00 |
| Interest Rates as of 12th March 2025 | ||||||
,Note: This list of 40 banks attached to the Senior Citizen FD rate has been prepared by Paisa Bazaar.com, which is for the information of the readers. The money market claims that the updates related to the interest rates being offered by the banks on the senior citizen FDs of different periods in the list are from 12 March 2025. Please tell that banks keep changing their rates from time to time. In such a situation, investors are advised to understand the exact interest rate and conditions from the official website or branch of the concerned bank before investing money in a bank’s FD scheme.)
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In the list, Sarvodaya, Utkarsh and Unity are three such small finance banks who are offering returns to customers above 60 years of age on their senior citizen FD at the rate of 9.10 per cent annually. Senior Citizens will have to lock the money for 5 years at Sarvodaya Small Finance Bank to get 9.10 per cent returns annually on their savings. At the same time, these returns can be obtained by making FDs of 1001 days in Unity Small Finance Bank. Apart from this, investors will have to lock their savings for 2 to 3 years or for 15 days to achieve the same rate on Senior Citizen FD at Utkarsh Small Finance Bank.
