Core Insights - Senior citizens in India can access fixed deposit (FD) interest rates as high as 8.10% for a 5-year tenure, primarily offered by small finance banks [6][8] Small Finance Banks - Suryoday Small Finance Bank offers the highest FD interest rate of 8.10% for senior citizens on a 5-year fixed deposit [2][6] - Jana Small Finance Bank provides an 8% interest rate for senior citizens on a 5-year term [3][6] - Utkarsh Small Finance Bank offers a 7.75% interest rate on the 5-year FD for senior citizens [4][6] Private Sector Banks - YES Bank currently offers the highest FD interest rate at 7.5% for senior citizens [6][7] - Axis Bank follows with a rate of 7.35%, while RBL Bank offers 7.2% [6][7] - Other notable rates include IndusInd Bank at 7.15%, HDFC Bank at 6.9%, and Bandhan Bank at 6.6% [6][8] Public Sector Banks - State Bank of India (SBI) provides the highest FD rate for senior citizens at 7.05% [8] - Bank of Baroda offers a rate of 7%, while Canara Bank, Central Bank of India, and Punjab National Bank each provide 6.75% [8] - Indian Bank offers the lowest rate among public sector banks at 6.5% [8]
Senior citizens get 8.10% interest in this FD; see the list of banks offering highest interest rates on 5-year fixed deposits
The Economic Times·2025-10-20 10:53