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RBI Repo Rate Hike: Best FD Interest Rates For Senior Citizens On 3 And 5-Year Deposits
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CNBC Awaaz•08-10-2026, 16:14
RBI Repo Rate Hike: Best FD Interest Rates For Senior Citizens On 3 And 5-Year Deposits
- •RBI increased the repo rate from 5.25% to 5.50% in its Monetary Policy Committee meeting.
- •Bank of India offers the highest public sector bank interest rate of 7.45% on 3-year FDs for senior citizens.
- •State Bank of India leads public banks for 5-year FDs with an interest rate of 7.05%.
- •DCB Bank offers the highest private sector rate of 8.00% for 5-year FDs.
- •Suryoday Small Finance Bank tops all categories, offering 8.50% interest on 5-year FDs for senior citizens.
Key Questions Answered
The Reserve Bank of India increased the repo rate from 5.25% to 5.50% during its Monetary Policy Committee meeting held on October 7, 2026.
Among public sector banks, Bank of India offers the highest interest rate of 7.45% for senior citizens on 3-year FDs, while the State Bank of India leads the 5-year category with 7.05%.
Suryoday Small Finance Bank tops the list for 5-year fixed deposits among small finance banks, offering senior citizens an interest rate of 8.50%.
