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Highest FD Interest Rates: Banks Offering Up to 8.50% for Senior Citizens
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News18•26-09-2026, 22:35
Highest FD Interest Rates: Banks Offering Up to 8.50% for Senior Citizens
- •Fixed Deposit (FD) is a popular and safe investment option for retirees, with senior citizens receiving additional interest.
- •Small finance banks like Equitas Small Finance Bank, ESAF Small Finance Bank, and Suryoday Small Finance Bank offer up to 8.50% interest to senior citizens.
- •Among private banks, DCB Bank offers a maximum of 8%, Bandhan Bank 7.95%, and IndusInd Bank and YES Bank up to 7.75% interest.
- •Public sector banks like Bank of India offer up to 7.45%, while Bank of Baroda and Central Bank of India provide up to 7.25% interest.
- •When investing in FDs, consider not only the interest rate but also the tenure and potential need for funds.
Key Questions Answered
Small finance banks lead in offering the highest FD rates for senior citizens, with Equitas Small Finance Bank, ESAF Small Finance Bank, and Suryoday Small Finance Bank providing up to 8.50% interest.
Among public sector banks, the Bank of India offers a maximum interest rate of up to 7.45%, while the Bank of Baroda and Central Bank of India offer up to 7.25%.
Beyond just the interest rate, senior citizens should consider the FD tenure, potential lock-in periods, and the bank's terms and conditions in case they need funds in the near future.
