Here is a look at senior citizen FD (fixed deposit) interest rates for amounts below Rs 2 crore across various tenors of 11 top banks such as SBI, HDFC Bank, ICICI Bank, Union Bank of India, Indian Bank, Bank of Baroda, PNB, Kotak Mahindra Bank, Axis Bank, Yes Bank, Canara Bank.
State Bank of India FD interest rates for amounts below Rs 2 crore
SBI offers interest rates between 3.5% to 7.5% for tenure ranging from 7 days to 10 years. These are the rates applicable from February 15, 2023. The bank offers 7.6% on special deposit if Amrit kalash.
According to the website, “The specific tenor scheme of “400 days” (Amrit Kalash) at Rate of Interest of 7.10 % w.e.f. 12- April- 2023. Senior Citizens are eligible for rate of interest of 7.60%. The Scheme will be valid till 15-August-2023.”
| Tenors | Rates w.e.f. 15/02/2023 |
| 7 days to 45 days | 3.5 |
| 46 days to 179 days | 5 |
| 180 days to 210 days | 5.75 |
| 211 days to less than 1 year | 6.25 |
| 1 Year to less than 2 years | 7.3 |
| 2 years to less than 3 years | 7.5 |
| 3 years to less than 5 years | 7 |
| 5 years and up to 10 years | 7.50@ |
| 400 days (Special Scheme i.e. “ Amrit Kalash”) | 7.6 |
HDFC Bank senior citizen FD rates
HDFC Bank offers interest rates between 3.5% to 7.75% for tenure ranging from 7 days to 10 years. These rates are applicable from May 29, 2023.
| Tenure | Senior Citizen Rates (per annum) |
| 7 – 14 days | 3.50% |
| 15 – 29 days | 3.50% |
| 30 – 45 days | 4.00% |
| 46 – 60 days | 5.00% |
| 61 – 89 days | 5.00% |
| 90 days | 5.00% |
| 6 months 1 days | 6.25% |
| 9 months 1 day to | 6.50% |
| 1 year to | 7.10% |
| 15 months to | 7.60% |
| 18 months to | 7.50% |
| 21 months – 2 years | 7.50% |
| 2 Years 1 day to | 7.50% |
| 2 Years 11 Months – 35 Months | 7.70% |
| 2 Years 11 Months 1 day | 7.50% |
| 3 Years 1 day to | 7.50% |
| 4 Year 7 Months – 55 months | 7.75% |
| 4 Year 7 Months 1 day | 7.50% |
| 5 Years 1 day – 10 Years | 7.75%* |
According to the HDFC Bank website, “Enjoy HIGHER FD Rates @7.20% on tenure 35 months and @7.25% on tenure 55 months. Senior Citizen benefits 0.50% EXTRA!…So Hurry! Valid for Limited Period only!”
ICICI Bank senior citizens FD rates
ICICI Bank offers interest rates between 3.50% to 7.60% for tenure ranging from 7 days to 10 years. These rates are applicable from February 24, 2023.
| Tenure | Senior Citizen |
| 7 days to 14 days | 3.50% |
| 15 days to 29 days | 3.50% |
| 30 days to 45 days | 4.00% |
| 46 days to 60 days | 4.75% |
| 61 days to 90 days | 5.00% |
| 91 days to 120 days | 5.25% |
| 121 days to 150 days | 5.25% |
| 151 days to 184 days | 5.25% |
| 185 days to 210 days | 6.25% |
| 211 days to 270 days | 6.25% |
| 271 days to 289 days | 6.50% |
| 290 days to less than 1 year | 6.50% |
| 1 year to 389 days | 7.20% |
| 390 days to | 7.20% |
| 15 months to | 7.60% |
| 18 months to 2 years | 7.60% |
| 2 years 1 day to 3 years | 7.50% |
| 3 years 1 day to 5 years | 7.50% |
| 5 years 1 day to 10 years | #7.50% |
| 5 Years (80C FD) – Max to `1.50 lac | 7.50% |
Union Bank of India senior citizen FD rates
Union Bank of India offers interest rates between 3.5% to 7.5% for tenure ranging from 7 days to 10 years. The new rates are applicable from May 23, 2023.
Kotak Mahindra bank FD interest rates
Kotak Mahindra bank offers senior citizen fixed deposit interest rates between 3.25% to 7.70% for tenure ranging from 7 days to 10 years. These rates are applicable from May 11, 2023.
| Maturity Periods | Senior Citizen |
| 7 – 14 Days | 3.25% |
| 15 – 30 Days | 3.50% |
| 31 – 45 Days | 3.75% |
| 46 – 90 Days | 4.00% |
| 91 – 120 Days | 4.50% |
| 121 – 179 days | 4.75% |
| 180 Days | 7.50% |
| 181 Days to 269 Days | 6.50% |
| 270 Days | 6.50% |
| 271 Days to 363 Days | 6.50% |
| 364 Days | 7.00% |
| 365 Days to 389 Days | 7.60% |
| 390 Days (12 months 25 days) | 7.70% |
| 391 Days – Less than 23 Months | 7.70% |
| 23 Months | 7.70% |
| 23 months 1 Day- less than 2 years | 7.70% |
| 2 years- less than 3 years | 7.50% |
| 3 years and above but less than 4 years | 7.00% |
| 4 years and above but less than 5 years | 6.75% |
| 5 years and above upto and inclusive of 10 years | 6.70% |
Punjab National Bank FD interest rates for senior citizens and super senior citizens
PNB offers senior citizens fixed deposit interest rates between 4% to 7.75% for tenure ranging from 7 days to 10 years and for super senior citizen, interest rates vary between 4.30% to 8.05%. These rates are applicable from June 1, 2023.
| Period | Rates For Senior Citizens | Rates For Super Senior Citizens |
| 7 to 14 days | 4 | 4.3 |
| 15 to 29days | 4 | 4.3 |
| 30 to 45 days | 4 | 4.3 |
| 46 to 90 days | 5 | 5.3 |
| 91 to 179 days | 5 | 5.3 |
| 180 days to 270 Days | 6 | 6.3 |
| 271 days to less than 1 year | 6.3 | 6.6 |
| 1 year | 7.25 | 7.55 |
| above 1 year to 443 days | 7.3 | 7.6 |
| 444 days | 7.75 | 8.05 |
| 445 days to 665 days | 7.3 | 7.6 |
| 666 days | 7.55 | 7.85 |
| 667 days to 2 years | 7.3 | 7.6 |
| above 2 year & upto 3 years | 7.5 | 7.8 |
| above 3 year & upto 5 years | 7 | 7.3 |
| above 5 years & upto 10 years | 7.3 | 7.3 |
Canara Bank senior citizens FD interest rates
Canara Bank offers interest rates between 4% to 7.75% for tenure ranging from 7 days to 10 years. These rates are applicable from April 4, 2023
| Term Deposits (All Maturities) | Senior Citizen |
| Rate of Interest (% p.a.) # | |
| 7 Days to 45 Days | 4 |
| 46 Days to 90 Days | 5.25 |
| 91 Days to 179 Days | 5.5 |
| 180 Days to 269 Days | 6.75 |
| 270 Days to less than 1 Year | 7 |
| 1 Year Only | 7.5 |
| 444 Days | 7.75 |
| Above 1 Year to less than 2 Years | 7.4 |
| 2 Years & above to less than 3 Years | 7.35 |
| 3 Years & above to less than 5 Years | 7.3 |
| 5 Years & above to 10 Years | 7.2 |
Indian Bank FD interest rates
Indian Bank offers interest rates between 3.25% to 7.75% for tenure ranging from 7 days to 10 years. These rates are applicable from March 4, 2023.
Bank of Baroda FD interest rates
Bank of Baroda offers interest rates between 3.50*% to 7.55% for tenure ranging from 7 days to 10 years for senior citizens.
| Tenors | Resident Indian Sr. Citizen |
| 7 days to 14 days | 3.50* |
| 15 days to 45 days | 3.50* |
| 46 days to 90 days | 5.00* |
| 91 days to 180 days | 5.00* |
| 181 days to 210 days | 5.75* |
| 211 days to 270 days | 6.25* |
| 271 days & above and less than 1 year | 6.25* |
| 1 year | 7.25* |
| Above 1 year to 400 days | 7.25* |
| Above 400 days and upto 2 Years | 7.25* |
| Above 2 Years and upto 3 Years | 7.55* |
| Above 3 Years and upto 5 Years | 7.15 # |
| Above 5 Years and upto 10 Years | 7.50*** |
| Above 10 years (MACT/MACAD | 6.75* |
| Court Order schemes only) | |
| 399 Days (Baroda Tiranga Plus Deposit Scheme) | 7.75* |
(* incl. additional ROI 0.50%, # incl. additional ROI of 0.50+0.15, *** incl. additional ROI of 0.50%+0.50%)
Axis Bank FD interest rates for senior citizens
Axis Bank offers interest rates between 3.50% to 7.85% for tenure ranging from 7 days to 10 years for senior citizens. These rates are effective from May 18, 2023.
Yes Bank FD interest rates for senior citizens
Yes Bank offers interest rates between 3.75% to 8.25% for tenure ranging from 7 days to 10 years for senior citizens. These rates are applicable from May 2, 2023.
| Period | |
| Senior Citizens*** | |
| Interest Rates | |
| 7 days to 14 days | 3.75% |
| 15 days to 45 days | 4.20% |
| 46 days to 90 days | 4.60% |
| 91 days to 180 days | 5.25% |
| 181 days to 271 days | 6.50% |
| 272 days to | 6.75% |
| 1 Year to | 8.00% |
| 18 Month | 8.25% |
| 36 months to | 7.75% |
** Interest rates are subject to change at the sole discretion of the Bank.
*** Senior Citizen rates are applicable only for Domestic Deposits.
