Senior Citizen FD Rates: Elderly individuals can earn up to 7.95% interest on FDs—find out more..
Fixed Deposit (FD) Rates for Senior Citizens: For senior citizens, having a regular income and ensuring the safety of their savings after retirement is of great importance. In this context, Fixed Deposits (FDs) serve as a popular investment option. A comparison of FD interest rates across 15 major banks as of November 2026 shows that senior citizens can earn up to 7.95% interest per annum.
Bandhan Bank offers the highest interest rate at 7.95%. Meanwhile, IndusInd Bank offers up to 7.85%, and YES Bank offers up to 7.75%. However, it should be noted that these peak interest rates offered by these banks do not necessarily apply to FDs of all tenures.
SBI
At the State Bank of India (SBI), senior citizens can earn 6.75% interest on a one-year FD, 6.80% on a three-year FD, and 7.05% on a five-year FD. For a 10-year FD, the interest rate is also 7.05%. The bank's maximum interest rate applies to tenures ranging from five to 10 years.
HDFC Bank
HDFC Bank offers 6.75% interest on a one-year FD, 7.05% on a three-year FD, and 7.20% on a five-year FD. For a 10-year FD, the rate is 7.10%. The bank's maximum interest rate of 7.20% applies to tenures ranging from three years and one day up to five years.
ICICI Bank
ICICI Bank offers 6.75% interest on a one-year FD, 7.05% on a three-year FD, and 7.20% on a five-year FD. For a 10-year deposit, the interest rate is 7.10%. The bank's highest interest rate is 7.20%.
Punjab National Bank
At Punjab National Bank (PNB), senior citizens can earn 6.75% interest on a one-year FD, 6.80% on a three-year FD, and 6.85% on a five-year FD. The interest rate for a 10-year fixed deposit (FD) is 6.80%. The bank’s maximum interest rate of 7.10% is available on a special 444-day FD.
Axis Bank
At Axis Bank, the interest rate is 6.75% for a one-year FD, 7.10% for a three-year FD, and 7.35% for a five-year FD. For a 10-year deposit, the rate is also 7.35%.
Bank of India
At Bank of India, the interest rate is 7.10% for a one-year FD and 7.45% for a three-year FD. The three-year tenure offers the highest interest rate at this bank. For five-year and 10-year deposits, the interest rate is 6.75%.
Bank of Baroda
At Bank of Baroda, the interest rate is 6.75% for one-year and three-year FDs, 6.90% for a five-year FD, and 7% for a 10-year FD. An interest rate of up to 7.25% is available under the bank’s 555-day 'Golden Goal Deposit Scheme'.
Canara Bank
At Canara Bank, the interest rate is 6.90% for a one-year FD, and 6.75% for three-year, five-year, and 10-year deposits. A maximum interest rate of 7.25% is available on a 555-day FD.
Kotak Mahindra Bank
At Kotak Mahindra Bank, the interest rate is 7.20% for a one-year FD, 6.90% for a three-year FD, and 6.75% for five-year and 10-year FDs. The maximum rate is 7.55%, which applies to FDs with a tenure of two years to less than three years.
Union Bank of India
At Union Bank, the interest rate is 6.70% for a one-year FD, 6.60% for a three-year FD, and 6.50% for five-year and 10-year FDs. A maximum interest rate of 7.05% is available on a 555-day FD.
Bandhan Bank
Bandhan Bank offers an interest rate of 7.50% on one-year fixed deposits (FDs) and 7.75% on three-year FDs. For five-year and 10-year deposits, the rate is 6.60%. The bank’s maximum interest rate of 7.95% applies to tenures ranging from two years to less than three years.
IDFC FIRST Bank
IDFC FIRST Bank offers 6.75% interest on one-year FDs, 7.35% on three-year FDs, and 7% on five-year FDs. For a 10-year FD, the rate is 6.25%. The maximum interest rate offered is 7.50%.
IndusInd Bank
IndusInd Bank offers 7.25% interest on one-year FDs, 7.85% on three-year FDs, and 7.15% on five-year FDs. For a 10-year FD, the rate is 7%. The bank’s maximum interest rate is 7.85%.
YES Bank
YES Bank offers 7.15% interest on one-year FDs, 7.75% on three-year FDs, and 7.50% on five-year and 10-year FDs. The maximum interest rate is 7.75%.
Federal Bank
Federal Bank offers 6.75% interest on one-year FDs, 7% on three-year FDs, and 6.90% on five-year and 10-year FDs. The bank offers a maximum interest rate of 7.30% on 48-month FDs.
Things to consider before investing in an FD
Before opening an FD, consider both the interest rate and the tenure of the deposit. Withdrawing funds before maturity may attract a penalty. Additionally, keep in mind the taxes applicable to the interest earned.
Under DICGC rules, eligible deposits of a single depositor in a bank are insured for up to ₹5 lakh, covering both the principal amount and the accrued interest. According to Paisabazaar, these interest rates are valid as of November 4, 2026.
Disclaimer: This content has been sourced and edited from Money Control. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.
