Senior Citizen FD Rates: As interest rates fluctuate across the banking sector, senior citizens have a golden opportunity to make the most of their fixed deposits.
Many banks are now offering special FD rates exclusively for seniors, ensuring higher earnings with guaranteed safety. Here's a quick look at where you can get the best returns on your savings right now.
What is Fixed Deposit?
A fixed deposit is a type of investment where one invests money for a fixed period. They get a maturity amount on the completion of the scheme. Investors can also choose to receive interest payments at regular intervals, such as monthly, quarterly, or annually, or they can leave the interest to accumulate in their deposit till the maturity date.
Senior Citizen FD Rates: Top 5 banks with highest interest rates
Axis Bank senior citizen FD interest rate
Axis Bank currently offers an interest rate of up to 7.75% per annum on fixed deposits with a tenure of 5 to 10 years for senior citizens, according to the bank's latest update.
BoB senior citizen FD interest rate
Bank of Baroda offers senior citizens an interest rate of 7.10% per annum on fixed deposits with a 444-day tenure, according to the bank's official website.
PNB senior citizen FD interest rate
Punjab National Bank offers senior citizens an interest rate of 7.15% per annum on fixed deposits with a 390-day tenure, according to the bank's official website.
SBI senior citizen FD interest rate
State Bank of India offers senior citizens an interest rate of 7.05% per annum on fixed deposits with a tenure of 5 to 10 years, as per the bank's official rate sheet.
Canara Bank senior citizen FD interest rate
As of August 7, 2025, Canara Bank offers senior citizens an interest rate of 7.00% per annum on fixed deposits with a 444-day tenure, according to the bank's latest official rate update.
Read more: Power of Rs 1,50,000 PPF: In how many years can you generate over Rs 40 lakh corpus
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
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