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    Senior citizens can earn up to 8.35% on FDs: Small finance banks lead rates | Personal Finance

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    old age, oldies

    Highest fixed deposit rates for senior citizens

    5 min read Last Updated : Feb 27 2026 | 4:51 PM IST

     


    Some banks are offering more than 8 per cent on senior citizen fixed deposits (FDs), giving retirees an opportunity to lock in higher guaranteed income, according to latest data compiled by Paisabazaar.com.

     


    Small finance banks offer highest returns

     


    Small finance banks continue to dominate senior citizen FD rates across tenures.

     


    • SBM Bank India offers the highest rate of 8.35 per cent


    • ESAF Small Finance Bank offers up to 8.1 per cent


    • Jana, Utkarsh and Shivalik Small Finance Banks offer around 8 per cent


    • Ujjivan Small Finance Bank offers up to 7.95 per cent


    • Suryoday Small Finance Bank offers 7.9 per cent for five-year deposits

     


    Many banks provide over 7.5 per cent return on 1–3 year deposits, improving income visibility for retirees.

     
     


    Private banks cross 7.5 per cent mark

     


    Private sector lenders largely offer senior citizen FD rates between 6.9 per cent and 7.75 per cent.

     


    • DCB Bank offers up to 7.65 per cent


    • RBL Bank and Bandhan Bank offer up to 7.7 per cent


    • YES Bank offers up to 7.75 per cent


    • ICICI Bank and Axis Bank offer around 7.1–7.2 per cent

     


    Some banks additionally provide extra benefits for super senior citizens (aged 80 years and above).

     


    PSU banks remain steady choices

     


    Public sector banks offer senior citizen FD rates largely in the 7per cent–7.25 per cent range.

     


    • Punjab & Sind Bank offers up to 7.25 per cent


    • Bank of India offers up to 7.2 per cent


    • SBI offers up to 7.05 per cent


    • Bank of Baroda and Canara Bank offer about 7 per cent

     


    State-owned banks remain popular among retirees prioritising capital safety and predictable income.


    Latest senior citizen fixed deposit rates


    Senior Citizen FD Table


    Bank Name
    Interest Rates (p.a.)


    Additional rates offered to Super Senior Citizen* (over and above to senior citizen rates)

    Highest slab


    1-year tenure (%)


    3-year tenure (%)


    5-year tenure (%)


    10-year tenure (%)

    %
    Tenure

    SMALL FINANCE BANKS

    AU Small Finance Bank
    7.60
    30 months 1 day to 36 months
    6.85
    7.60
    7.25
    7.25
    —

    Equitas Small Finance Bank
    7.70
    888 days
    7.40
    7.50
    7.50
    7.50
    —

    ESAF Small Finance Bank
    8.10
    444 days
    5.25
    6.50
    6.25
    6.25
    —

    Jana Small Finance Bank
    8.00
    Above 2 years to 3 years
    7.50
    8.00
    7.77
    7.00
    —

    Shivalik Small Finance Bank
    8.00
    21 months 1 day to 22 months
    6.50
    7.25
    6.75
    6.75
    —

    slice Small Finance Bank
    7.75
    18 months 1 day to 18 months 2 days
    6.50
    7.50
    7.25
    6.75
    —

    Suryoday Small Finance Bank
    7.90
    5 years
    7.45
    7.45
    7.90
    7.45
    —

    Ujjivan Small Finance Bank
    7.95
    2 years
    7.75
    7.70
    7.70
    7.00
    —

    Utkarsh Small Finance Bank
    8.00
    2 years to 3 years
    6.50
    8.00
    7.50
    7.25
    —

    PRIVATE SECTOR BANKS

    Axis Bank
    7.20
    5 years to 10 years
    6.75
    6.95
    7.20
    7.20
    —

    Bandhan Bank
    7.70
    2 years to less than 3 years
    7.50
    7.50
    6.60
    6.60
    —

    City Union Bank
    7.25
    500 days
    7.00
    6.75
    6.50
    6.50
    0.05% on 271 days to 499 days; 0.25% on 500 days; 0.05% on 501 days to 3 years; 0.10% on above 3 years to 10 years

    CSB Bank
    7.30
    13 months
    5.30
    6.05
    6.05
    6.30
    —

    DBS Bank
    7.10
    376 days to 600 days
    6.80
    6.90
    6.75
    6.75
    —

    DCB Bank
    7.65
    60 months to 61 months
    7.15
    7.25
    7.65
    7.25
    0.05% on tenures of 37 months to 38 months & 60 months to 61 months **

    Federal Bank
    7.20
    36 months
    6.75
    7.20
    6.90
    6.90
    —

    HDFC Bank
    6.95
    18 months to 3 years
    6.75
    6.95
    6.90
    6.65
    —

    ICICI Bank
    7.10
    3 years 1 day to 5 years
    6.75
    6.95
    7.10
    7.00
    —

    IDFC FIRST Bank
    7.50
    450 days to 5 years
    6.80
    7.50
    7.50
    6.50
    —

    IndusInd Bank
    7.50
    1 year 6 months to less than 1 year 7 months
    7.25
    7.40
    7.15
    7.00
    —

    Jammu & Kashmir Bank
    7.75
    888 days
    7.25
    7.15
    7.10
    7.10
    0.25% on all tenures

    IDBI Bank
    7.00
    Above 2 years to less than 3 years
    6.70
    6.85
    6.75
    6.40
    0.15% on 555 days & 700 days

    Karnataka Bank
    7.05
    555 days
    6.90
    6.55
    6.55
    5.90
    —

    Kotak Mahindra Bank
    7.20


    First Published: Feb 27 2026 | 4:51 PM IST



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