FD Interest Rates for Senior Citizens – If you’re over 60 and looking for a worry-free way to grow your savings, fixed deposits are hard to beat. As of May 2025, most banks and financial institutions in India roll out special FD schemes just for seniors, tacking on an extra 0.25% to 0.75% interest on top of their regular rates. That little boost means you get a steady stream of income while keeping your capital completely safe.
FD Interest Rates for Senior Citizens (1 to 10 Years) 2025
The following table lists Fixed Deposit (FD) interest rates exclusively for senior citizens (aged 60 and above) in India, covering tenures from 1 year to 10 years. Rates are indicative and based on data for deposits below ₹3 crore, unless otherwise specified, as of May 2025.
|
Institution |
Type |
1 Year |
2 Years |
3 Years |
4 Years |
5 Years |
6 Years |
7 Years |
8 Years |
9 Years |
10 Years |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
State Bank of India (SBI) |
Public Sector Bank |
6.80% | 7.00% | 7.25% | 7.25% | 7.50% | 7.30% | 7.30% | 7.30% | 7.30% | 7.30% |
|
HDFC Bank |
Private Sector Bank |
6.60% | 7.50% | 7.75% | 7.75% | 7.50% | 7.40% | 7.40% | 7.40% | 7.40% | 7.40% |
|
ICICI Bank |
Private Sector Bank |
6.70% | 7.65% | 7.50% | 7.50% | 7.50% | 7.25% | 7.25% | 7.25% | 7.25% | 7.25% |
|
Punjab National Bank (PNB) |
Public Sector Bank |
6.80% | 7.60% | 7.50% | 7.30% | 7.30% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% |
|
Indian Bank |
Public Sector Bank |
6.60% | 6.75% | 6.75% | 6.75% | 6.75% | 6.50% | 6.50% | 6.50% | 6.50% | 6.50% |
|
Bank of Baroda |
Public Sector Bank |
6.85% | 7.60% | 7.65% | 7.65% | 7.50% | 7.15% | 7.15% | 7.15% | 7.15% | 7.15% |
|
Bank of India |
Public Sector Bank |
6.70% | 7.80% | 7.90% | 7.90% | 7.50% | 7.40% | 7.40% | 7.40% | 7.40% | 7.40% |
|
Central Bank of India |
Public Sector Bank |
6.75% | 7.80% | 8.00% | 7.75% | 7.75% | 7.50% | 7.50% | 7.50% | 7.50% | 7.50% |
|
Bank of Maharashtra |
Public Sector Bank |
6.50% | 7.75% | 7.95% | 7.75% | 7.75% | 7.50% | 7.50% | 7.50% | 7.50% | 7.50% |
|
IndusInd Bank |
Private Sector Bank |
7.75% | 8.25% | 8.25% | 8.00% | 8.00% | 7.75% | 7.75% | 7.75% | 7.75% | 7.75% |
|
Axis Bank |
Private Sector Bank |
6.70% | 7.75% | 7.75% | 7.75% | 7.75% | 7.50% | 7.50% | 7.50% | 7.50% | 7.50% |
|
IDFC FIRST Bank |
Private Sector Bank |
6.75% | 7.75% | 8.00% | 8.00% | 8.00% | 7.50% | 7.50% | 7.50% | 7.50% | 7.50% |
|
Federal Bank |
Private Sector Bank |
6.80% | 7.75% | 7.75% | 7.75% | 7.75% | 7.50% | 7.50% | 7.50% | 7.50% | 7.50% |
|
SBM Bank |
Private Sector Bank |
7.75% | 8.25% | 8.50% | 8.50% | 8.50% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% |
|
RBL Bank |
Private Sector Bank |
7.50% | 8.25% | 8.50% | 8.50% | 8.50% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% |
|
Bandhan Bank |
Private Sector Bank |
7.50% | 8.25% | 8.50% | 8.50% | 8.50% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% |
|
AU Small Finance Bank |
Small Finance Bank |
7.75% | 8.50% | 9.10% | 9.10% | 9.10% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% |
|
Jana Small Finance Bank |
Small Finance Bank |
7.75% | 8.50% | 9.10% | 9.10% | 9.10% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% |
|
Suryoday Small Finance Bank |
Small Finance Bank |
7.75% | 8.75% | 9.10% | 9.10% | 9.10% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% |
|
Ujjivan Small Finance Bank |
Small Finance Bank |
7.75% | 8.50% | 9.10% | 9.10% | 9.10% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% |
|
Unity Small Finance Bank |
Small Finance Bank |
7.75% | 8.75% | 9.50% | 9.50% | 9.50% | 8.75% | 8.75% | 8.75% | 8.75% | 8.75% |
|
North East Small Finance Bank |
Small Finance Bank |
7.75% | 9.00% | 9.00% | 8.75% | 8.75% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% |
|
Bajaj Finance Ltd. |
NBFC |
7 | 8.25% | 8.50% | 8.60% | 8.60% | – | – | – | – | – |
|
Post Office (SCSS) |
Government Scheme |
– | – | – | – | 8.20% | – | – | – | – | – |
*These Rates may vary time to time so please check on relative Bank website before investment
Notes:
-
Senior Citizen Rates: Rates are exclusively for senior citizens (aged 60+). Super senior citizens (80+) may receive additional interest (0.10%–1.00%) at banks like SBI, PNB, and Bank of India.
-
Tenure-Specific Rates: Rates are based on available data for 1 to 10 years. Where exact rates were unavailable, interpolation was used based on provided ranges (e.g., 6.00%–7.75% for HDFC Bank).
-
TDS: TDS applies if interest exceeds ₹1 lakh per financial year (effective April 1, 2025). Form 15H can be submitted to avoid TDS if income is below the taxable limit.
-
DICGC Insurance: Bank FDs are insured up to ₹5 lakh per depositor by the Deposit Insurance and Credit Guarantee Corporation.
-
NBFCs: Bajaj Finance offers rates up to 5 years; longer tenures are not available. NBFCs carry slightly higher risk; verify credit ratings (e.g., AAA for Bajaj Finance).
-
Post Office SCSS: Fixed 5-year tenure with tax benefits under Section 80C.
-
Rate Variations: Rates are indicative and subject to change. Verify with the institution’s website or customer service for precise rates.
This table provides a detailed breakdown of FD interest rates for senior citizens by tenure (1 to 10 years). For the latest rates or specific terms, visit the respective institution’s website.
Website – https://sbi.co.in/hi/web/interest-rates/deposit-rates/retail-domestic-term-deposits
Also visit : https://postofficefd.com/sbi-balance-check-easy-and-convenient-methods/