Top Fixed Deposit Rates for Senior Citizens in India
Highest 3-year FD interest rates for senior citizens
The Economic Times
Image: The Economic Times
Senior citizens in India seeking fixed deposit (FD) options can benefit from competitive interest rates across various banks. As of May 13, 2026, Jana Small Finance Bank and Utkarsh Small Finance Bank lead with the highest rates at 8% for 3-year FDs, while public sector banks like Bank of India and Standard Chartered Bank offer 7%. These rates provide crucial income stability for retirees.
- 01Jana Small Finance Bank and Utkarsh Small Finance Bank offer the highest 3-year FD interest rates at 8%.
- 02Among private sector banks, Bandhan Bank and YES Bank provide rates of 7.75%.
- 03Public sector banks like Bank of India and Standard Chartered Bank offer 7% on 3-year FDs.
- 04Interest rates vary significantly between small finance, private, and public sector banks, impacting senior citizens' investment choices.
- 05Additional benefits for senior citizens include extra interest rates, such as 0.30% from Punjab National Bank for tenures up to 5 years.
Advertisement
In-Article Ad
For senior citizens in India, fixed deposits (FDs) are a popular investment choice, providing a reliable income stream during retirement. As of May 13, 2026, the highest interest rates for 3-year FDs are offered by Jana Small Finance Bank and Utkarsh Small Finance Bank, both at 8%. Following closely are AU Small Finance Bank at 7.75% and Ujjivan Small Finance Bank at 7.7%. In the private sector, Bandhan Bank and YES Bank also offer competitive rates of 7.75%, while public sector banks like Bank of India and Standard Chartered Bank provide 7%. The interest rates for FDs are crucial for senior citizens, as they ensure a steady income, and the ability to lock in rates at the time of investment adds to their appeal. Many banks also offer additional benefits for senior citizens, such as extra interest percentages on certain tenures, enhancing the overall returns on their investments. This competitive landscape allows retirees to choose the best options suited to their financial needs.
Advertisement
In-Article Ad
The competitive FD rates provide senior citizens with better returns on their investments, enhancing their financial security during retirement.
Advertisement
In-Article Ad
Reader Poll
Which bank do you think offers the best fixed deposit rates for senior citizens?
Connecting to poll...
More about Jana Small Finance Bank
Read the original article
Visit the source for the complete story.