Archive · 20 Sep 2026
Senior Citizens Compare FD Rates Across Bank of India, SBI
Banks pay senior citizens interest when they keep money in a fixed deposit.
In this comparison, Bank of India offers the highest advertised peak rate, at 7.45% a year.
A deposit of ₹1 lakh at that rate would earn ₹7,450 a year before tax and without compounding.
The best rate can change depending on how long the money is deposited.
For one-year deposits, Bank of India and Indian Overseas Bank offer the highest listed rate of 7%.
For five-year deposits, State Bank of India leads with 7.05%.
Interest can be added back to the deposit through compounding, which changes the final earnings.
People should confirm the current rate and conditions with their bank before investing.
Bank of India offers the highest peak senior-citizen FD rate in the comparison at 7.45%.
Punjab & Sind Bank offers 7.35%, while Bank of Baroda and Central Bank of India offer 7.25%.
Peak rates range from 7.45% at Bank of India to 6.95% at UCO Bank.
For one-year deposits, Bank of India and Indian Overseas Bank lead with rates of 7%.
For five-year deposits, State Bank of India leads at 7.05%, while Bank of Maharashtra offers 5.50%.
- Who
- Senior citizens comparing fixed deposit options at major Indian banks.
- What
- A comparison of advertised senior-citizen fixed deposit interest rates and potential earnings.
- When
- The article does not specify a publication date; it compares one-, three-, and five-year deposit periods.
- Where
- Indian banks.
- Why
- To show how rates and estimated returns differ by bank and deposit period.
- Highest peak rate
- Bank of India: 7.45% annually
- Lowest peak rate
- UCO Bank: 6.95% annually
- Highest one-year rate
- Bank of India and Indian Overseas Bank: 7%
- Highest five-year rate
- State Bank of India: 7.05%
- ₹1 lakh at 7.45%
- ₹7,450 annual interest before tax, without compounding
- Peak-rate spread
- ₹500 per year per ₹1 lakh between the highest and lowest rates
- Important condition
- Actual returns depend on the bank, deposit period, compounding and applicable taxes