Archive · 26 Aug 2026
Four Banks Revise Fixed Deposit Rates for Senior Investors
Four banks changed the interest rates they pay on fixed deposits.
These changes affect how much money depositors can earn.
HDFC Bank offers senior citizens up to 7.10%.
Federal Bank offers up to 7.20% for a 48-month deposit.
Slice Small Finance Bank offers up to 7.75% for certain deposits lasting between 18 months and two years.
ESAF Small Finance Bank offers the highest rate in this comparison, at 8.50% for an 800-day deposit.
The best rate depends on both the bank and the length of the deposit.
The article says the rates apply to callable deposits below ₹3 crore, and deposit insurance is subject to DICGC rules and limits.
HDFC Bank revised its FD rates on August 19, offering senior citizens up to 7.10%.
Federal Bank revised rates on August 17 and offers senior citizens up to 7.20% for 48 months.
Slice Small Finance Bank offers senior citizens a maximum 7.75% for deposits from 18 months and one day to 24 months.
ESAF Small Finance Bank raised its highest senior-citizen rate by 0.25 percentage point to 8.50% for an 800-day deposit.
The rates apply to callable FDs below ₹3 crore, with DICGC insurance subject to applicable limits and conditions.
- Who
- HDFC Bank, Federal Bank, Slice Small Finance Bank and ESAF Small Finance Bank revised fixed-deposit rates, with specific rates highlighted for senior citizens.
- What
- The four banks changed their fixed-deposit interest rates, with senior-citizen rates reaching as high as 8.50%.
- When
- HDFC Bank and Slice Small Finance Bank revised rates on August 19; Federal Bank and ESAF Small Finance Bank revised rates on August 17. The year is not stated.
- Where
- At the four banks; specific branch or location information is not stated.
- Highest senior-citizen rate
- 8.50% at ESAF Small Finance Bank
- ESAF highest-rate tenure
- 800 days
- HDFC Bank maximum rate
- 7.10% for three years and one day to less than four years and seven months
- Federal Bank maximum rate
- 7.20% for a 48-month deposit
- Slice Small Finance Bank maximum rate
- 7.75% for 18 months and one day to 24 months
- Deposit size condition
- The stated rates apply to callable fixed deposits below ₹3 crore
- Insurance
- DICGC deposit insurance is available subject to applicable limits and conditions