Latest FD Interest Rates for Senior Citizens 

Most senior citizens prefer fixed deposits to invest their money. Banks also offer higher interest rates to senior citizens on their FDs

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

SBI FD Interest Rates 2023 

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.15/02/203
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 FD Interest Rates 2023

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 Ra annum)
7 - 14 days	3.50%
15 - 29 days	3.50%
30 - 45 days	4.00%
46 - 60 days	5.00%
6 - 89 days	5.00%
90 days = 6 months	5.00%
6 months 1 days = 9 months	6.25%
9 months 1 day to 1 year	6.50%
1 year to 15 months	7.10%
15 months to 18 months	7.60%
18 months to 21 months	7.50%
21 months - 2 years	7.50%
2 Years 1 day to 2 Year 11 Months	7.50%
2 Years 11 Months - 35 Months	7.70%
Years 11 Months 1 day Year	7.50%
3 Years 1 day to 4 Years	7.50%

2 Years 1 day to 2 Year 11 Months	7.50%
2 Years 11 Months - 35 Months	7.70%
Years 11 Months 1 day Yea r	7.50%
3 Years 1 day to 4 Years 7 Months	7.50%
4 Year 7 Months - 55 months	7.75%
Year 7 Months 1 day Yea S	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 20 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 15 months		7.20%
15 months to 18 months		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	6.75%
years

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	Rates For Super Senior Citizens
	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	6.3	6.6
than 1 year
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
9 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*
9 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	7.75*
Deposit Scheme)

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 1 year	6.75%
1 Year to 18 Months	8.00%
18 Month 36 Months	8.25%
36 months to <= 120 months	7.75%

** Interest rates are subject to change at the sole discretion of the Bank.

*** Senior Citizen rates are applicable only for Domestic Deposits.

Yes Bank

The bank offers the highest interest rate of 8.25% on tenure of 18 months to less than 36 months. The bank offers the highest interest rate of 8.25% on tenure of 18 months to less than 36 months.

Tenure	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%
9 days to 120 days	5.25%
121 days to 180 days	5.50%
181 days to 271 days	6.60%
272 days to 1 year	6.85%
1 Year to 18 Months	8.00%
18 Month 36 Months	8.25%
36 months to 60 months	8.00%
60 months to = 120 months	7.75%