Core Insights - The article emphasizes the importance of comparing fixed deposit interest rates across different banks, as even a small difference of 50 basis points can lead to significant savings over time [1] - Senior citizens are offered additional interest rates, typically 50 basis points higher than regular citizens, enhancing their income from fixed deposits [2] Interest Rates Offered by Banks - HDFC Bank offers 6.95% interest for senior citizens on three-year fixed deposits, while regular citizens receive 6.45% [3] - ICICI Bank provides 7.1% for senior citizens, compared to 6.6% for regular citizens [3] - Kotak Mahindra Bank offers 6.90% for senior citizens, with regular citizens receiving 6.40% [3] - Federal Bank provides 7% for senior citizens, while regular citizens get 6.5% [4] - State Bank of India (SBI) offers 6.8% for senior citizens, which is 50 basis points higher than the rate for regular citizens [5] - Canara Bank provides 6.75% for senior citizens, again 50 basis points higher than the regular rate [6] - Union Bank of India offers 7.1% for senior citizens, which is 50 basis points more than what regular citizens receive [6]

Take a look at the lists below to find out which bank offers an FD interest rate up to 8.10% for senior citizens.Small Finance Bank 5-year FD interest rates for senior citizensFD rate up to 8.10% provides an 8.10% interest rate to senior citizens on a 5-year fixed deposit.FD rate up to 8% for senior citizens is offering an 8% interest rate to senior citizens on a 5-year term.FD rate up to 7.75% for senior citizens is offering a 7.75% interest rate on the 5-year FD to senior citizens.Small Finance Banks SMA ...

Core Insights - The article emphasizes the importance of comparing fixed deposit (FD) interest rates across different banks to maximize returns, as even a small difference of 50 basis points can lead to significant gains over time [1]. Interest Rates Overview - HDFC Bank offers 6.25% interest for regular citizens and 6.75% for senior citizens on 1-year fixed deposits, effective from June 25, 2025 [3]. - ICICI Bank provides the same rates as HDFC Bank for 1-year to 18-month FDs, with the highest interest for longer tenures [3]. - Kotak Mahindra Bank matches the rates of HDFC and ICICI for 1-year FDs, effective from August 20, 2025 [4]. - Axis Bank also offers 6.25% for regular citizens and 6.75% for senior citizens on 1-year FDs [4]. - Federal Bank provides a slightly higher rate of 6.40% for regular citizens and 6.90% for senior citizens on 1-year FDs, effective from August 18, 2025 [4]. - State Bank of India (SBI) offers 6.25% for regular citizens and 6.75% for senior citizens starting July 15 [5]. - Union Bank of India offers 6.40% for regular citizens and 6.90% for senior citizens, effective from August 20 [6]. Summary of Interest Rates by Bank | Bank | Regular Citizens (%) | Senior Citizens (%) | |--------------------------|----------------------|----------------------| | HDFC Bank | 6.25 | 6.75 | | ICICI Bank | 6.25 | 6.75 | | Kotak Mahindra Bank | 6.25 | 6.75 | | Axis Bank | 6.25 | 6.75 | | Federal Bank | 6.40 | 6.90 | | State Bank of India (SBI)| 6.25 | 6.75 | | Union Bank of India | 6.40 | 6.90 | [5]