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Senior Citizen FD Rates: Small Finance Banks Lead
Fixed deposits are a way to keep money in a bank and earn interest over a chosen period.
Senior citizens often receive a higher interest rate than regular customers.
The listed rates range from 2.50% to 8.50% a year.
Small finance banks offer some of the highest rates.
Equitas, ESAF, Shivalik and Suryoday Small Finance Banks offer up to 8.50% on certain tenures.
SBM Bank has the highest listed rate among private banks at 8.15%.
Bank of India leads the listed public sector banks at 7.45%.
The best rate may only be available for a particular period or special scheme.
People should check the latest rate and conditions with the bank before investing.
Senior citizen FD rates range from 2.50% to 8.50% annually, depending on the bank, tenure and scheme.
Small finance banks offer the highest listed rates, with four banks offering up to 8.50%.
Among private banks, SBM Bank offers the highest listed rate at 8.15% on select tenures.
Bank of India leads the listed public sector banks with a maximum senior citizen rate of 7.45%.
Rates apply to deposits below ₹3 crore as of August 26, 2026, and should be confirmed before booking.
- Who
- Senior citizens seeking relatively stable returns, along with public sector banks, private banks and small finance banks offering senior citizen FDs.
- What
- A comparison of senior citizen fixed-deposit interest rates across major banks and selected tenures.
- Where
- Banks in India, including public sector, private sector and small finance banks.
- When
- Rates are stated as of August 26, 2026.
- Why
- Senior citizens may seek stable income from savings, while banks offer eligible seniors additional interest over regular deposit rates.
Key facts
- Rate range
- Senior citizen FD rates range from 2.50% to 8.50% per annum.
- Highest listed rate
- Equitas Small Finance Bank, ESAF Small Finance Bank, Shivalik Small Finance Bank and Suryoday Small Finance Bank offer up to 8.50% on specific tenures.
- Private-bank leader
- SBM Bank offers up to 8.15% per annum on certain tenures.
- Public-sector leader
- Bank of India offers up to 7.45% per annum on select tenures.
- Deposit limit
- The listed rates apply to deposits below ₹3 crore.
- Rate conditions
- The highest rate may apply only to selected periods or special deposit schemes.
- Verification
- Rates can change, so investors should confirm the applicable rate with the bank before booking an FD.
Sources
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