Senior citizen FD rates at 33 banks
Last checked 3 November 2026. Card rates for a regular deposit below ₹3 crore.
Jana Small Finance Bank pays a senior citizen the most, 8.30% for 3 years. Most banks add 0.50% to the regular rate for depositors aged 60 and above. The best rate for each term is below, with the full table after it.
Each bank's best senior rate across 1, 2, 3 and 5 years.
Senior citizen FD rates for 1, 2, 3 and 5 years
Sorted by each bank's best senior rate, which is shown in bold. Rates are for resident depositors aged 60 and above, on a deposit below ₹3 crore.
| # | Bank | 1 year | 2 years | 3 years | 5 years |
|---|---|---|---|---|---|
| 1 | Jana Small Finance Bank Small finance bank | 7.50% | 7.80% | 8.30% | 8.00% |
| 2 | ESAF Small Finance Bank Small finance bank | 6.50% | 8.25% | 6.50% | 6.25% |
| 3 | DCB Bank Private | 7.15% | 7.90% | 7.25% | 8.00% |
| 4 | Bandhan Bank Private | 7.50% | 7.95% | 7.75% | 6.60% |
| 5 | Ujjivan Small Finance Bank Small finance bank | 7.75% | 7.95% | 7.70% | 7.70% |
| 6 | AU Small Finance Bank Small finance bank | 6.85% | 7.50% | 7.90% | 7.25% |
| 7 | Utkarsh Small Finance Bank Small finance bank | 6.40% | 7.90% | 7.90% | 7.40% |
| 8 | IndusInd Bank Private | 7.25% | 7.85% | 7.85% | 7.15% |
| 9 | Yes Bank Private | 7.15% | 7.50% | 7.75% | 7.50% |
| 10 | Equitas Small Finance Bank Small finance bank | 7.60% | 7.50% | 7.60% | 7.50% |
| 11 | City Union Bank Private | 6.85% | 7.50% | 7.50% | 6.75% |
| 12 | RBL Bank Private | 7.40% | 7.50% | 7.50% | 7.20% |
| 13 | Bank of India Public sector | 7.10% | 7.20% | 7.45% | 6.75% |
| 14 | IDFC FIRST Bank Private | 6.75% | 7.35% | 7.35% | 7.00% |
| 15 | Axis Bank Private | 6.75% | 7.00% | 7.00% | 7.25% |
| 16 | Kotak Mahindra Bank Private | 6.95% | 7.25% | 7.00% | 6.75% |
| 17 | ICICI Bank Private | 6.75% | 6.80% | 6.95% | 7.10% |
| 18 | Federal Bank Private | 6.75% | 7.05% | 7.00% | 6.90% |
| 19 | State Bank of India Public sector | 6.75% | 6.90% | 6.80% | 7.05% |
| 20 | Indian Overseas Bank Public sector | 7.00% | 6.90% | 6.60% | 6.60% |
| 21 | HDFC Bank Private | 6.75% | 6.95% | 6.95% | 6.90% |
| 22 | Bank of Baroda Public sector | 6.75% | 6.75% | 6.75% | 6.90% |
| 23 | Bank of Maharashtra Public sector | 6.90% | 6.65% | 5.75% | 5.50% |
| 24 | Canara Bank Public sector | 6.90% | 6.75% | 6.75% | 6.75% |
| 25 | Karnataka Bank Private | 6.90% | 6.80% | 6.55% | 6.55% |
| 26 | IDBI Bank Private | 6.70% | 6.75% | 6.85% | 6.75% |
| 27 | Punjab National Bank Public sector | 6.75% | 6.80% | 6.80% | 6.85% |
| 28 | Central Bank of India Public sector | 6.60% | 6.75% | 6.50% | 6.50% |
| 29 | South Indian Bank Private | 6.75% | 6.35% | 6.70% | 6.20% |
| 30 | Union Bank of India Public sector | 6.70% | 6.65% | 6.60% | 6.50% |
| 31 | Indian Bank Public sector | 6.60% | 6.65% | 6.55% | 6.50% |
| 32 | UCO Bank Public sector | 6.35% | 6.60% | 6.50% | 6.50% |
| 33 | Punjab & Sind Bank Public sector | 6.35% | 6.45% | 6.35% | 6.45% |
| Ref | Senior Citizens' Savings Scheme Government of India, 5 years, paid quarterly | n/a | n/a | n/a | 8.2% |
Senior citizen rates are for residents aged 60 and above. Some banks pay a further extra to those aged 70 or 80 and above. Card rates for a single domestic, callable (premature withdrawal allowed) fixed deposit below ₹3 crore, booked by a resident individual, for a term of exactly 1, 2, 3 or 5 years. Each figure is the slab that contains that exact term. Special-tenure schemes such as 444 or 555 days are left out.
What ₹5 lakh earns a senior citizen
- 1 year: Ujjivan Small Finance Bank at 7.75% turns ₹5 lakh into ₹5,39,891. All 1-year rates.
- 2 years: ESAF Small Finance Bank at 8.25% turns ₹5 lakh into ₹5,88,708. All 2-year rates.
- 3 years: Jana Small Finance Bank at 8.30% turns ₹5 lakh into ₹6,39,739. All 3-year rates.
- 5 years: DCB Bank at 8.00% turns ₹5 lakh into ₹7,42,974. All 5-year rates.
Before you book
Deposit insurance. DICGC insures deposits up to ₹5 lakh per depositor per bank, principal and interest together. Retirement savings above that are safer split across banks.
TDS. Banks deduct TDS when your total FD interest at that bank in a financial year crosses ₹50,000, or ₹1,00,000 for senior citizens.
Questions people ask
Which bank gives the highest FD rate to senior citizens?
Jana Small Finance Bank pays the most in our list: 8.30% for 3 years. ₹5 lakh there becomes ₹6,39,739 after 3 years.
How much extra do banks pay senior citizens?
Most banks add 0.50% to the regular rate. Across the banks and tenures on this page the extra ranges from 0.20% to 1.00%. Some banks pay a further extra to customers aged 70 or 80 and above.
Is an FD better than SCSS for a senior citizen?
The Senior Citizens' Savings Scheme pays 8.2% for October-December 2026, paid quarterly, with a ₹30 lakh limit and a 5-year term. 0 of the 33 banks here pay a senior more than that on a 5-year FD. See the SCSS rate page.
When is TDS deducted on a senior citizen FD?
Banks deduct TDS when your total FD interest at that bank in a financial year crosses ₹50,000, or ₹1,00,000 for senior citizens. A senior with little other income can submit Form 15H to the bank to stop TDS.
More FD rate pages
1-year FD rates · 2-year FD rates · 3-year FD rates · 5-year FD rates · Tax-saver FD rates · All FD rate pages · Post office FD rates · SCSS interest rate
Sources: State Bank of India deposit rates; Bank of Baroda deposit rates; Punjab National Bank deposit rates; Canara Bank deposit rates; Union Bank of India deposit rates; Bank of India deposit rates; Indian Bank deposit rates; Central Bank of India deposit rates; Indian Overseas Bank deposit rates; UCO Bank deposit rates; Bank of Maharashtra deposit rates; Punjab & Sind Bank deposit rates; HDFC Bank deposit rates; ICICI Bank deposit rates; Axis Bank deposit rates; Kotak Mahindra Bank deposit rates; IndusInd Bank deposit rates; Yes Bank deposit rates; IDFC FIRST Bank deposit rates; Federal Bank deposit rates; Bandhan Bank deposit rates; RBL Bank deposit rates; IDBI Bank deposit rates; South Indian Bank deposit rates; Karnataka Bank deposit rates; City Union Bank deposit rates; DCB Bank deposit rates; AU Small Finance Bank deposit rates; Equitas Small Finance Bank deposit rates; Ujjivan Small Finance Bank deposit rates; Jana Small Finance Bank deposit rates; Utkarsh Small Finance Bank deposit rates; ESAF Small Finance Bank deposit rates; DICGC: About us and deposit insurance cover; ICICI Bank: FD interest rates and TDS; Bandhan Bank: rates and charges, TDS on term deposits.