Archive · 23 Jul 2026
Senior Citizens Can Earn Up to 8.50% on FDs
Senior citizens in India can earn up to 8.50% interest on their fixed deposits.
Small finance banks like Equitas and Shivalik offer the highest rates.
Private banks like DCB Bank offer up to 8.00%, while public sector banks like Bank of India offer up to 7.45%.
Most banks give senior citizens an extra 50 basis points on their deposits.
It's important to compare rates and consider the bank's stability before investing.
Senior citizens can earn up to 8.50% interest on fixed deposits.
Small finance banks offer the highest rates, up to 8.50%.
Private sector banks offer up to 8.00%, with DCB Bank leading.
Public sector banks offer up to 7.45%, with Bank of India leading.
Most banks provide an additional 50 basis points for senior citizens.
- Who
- Senior citizens
- What
- Fixed deposit interest rates
- When
- As of July 15, 2026
- Where
- India
- Why
- To provide higher returns on savings for senior citizens
Small Finance Banks
Private and Public Sector Banks
Interest Rates
Small Finance Banks
Small finance banks offer the highest FD rates for senior citizens, up to 8.50%.
Private and Public Sector Banks
Private and public sector banks offer lower rates, with the highest being 8.00% from DCB Bank.
Additional Benefits
Small Finance Banks
Small finance banks may offer additional benefits through special deposit schemes.
Private and Public Sector Banks
Private and public sector banks typically offer a standard 50 bps benefit for senior citizens.
- Highest FD Rate
- 8.50%
- Small Finance Banks Offering 8.50%
- Equitas Small Finance Bank, Shivalik Small Finance Bank
- Private Sector Bank with Highest Rate
- DCB Bank (8.00%)
- Public Sector Bank with Highest Rate
- Bank of India (7.45%)
- Standard Benefit for Senior Citizens
- 50 basis points over regular FD rates
- Maximum Deposit Amount
- ₹3 crore