5-Year FD Rates For Senior Citizens: Check Interest Rates At 9 Small Finance Banks

Senior citizens who are looking to earn returns on their savings can now consider five-year fixed deposits (FDs). Some small finance banks are now offering interest rates of up to 8.25 per cent per annum.

FDs are often preferred by elders and retirees because they provide predictable returns and allow investors to plan their finances over a specified period as compared to other investment tools. However, the interest rates of FDs usually vary by banks, deposit tenures and applicable conditions. Senior citizens should compare rates and assess deposit safety before they start investing.

What Are the Banks Offering?

The following small finance banks are offering these rates on five-year fixed deposits for senior citizens aged 60 years and above, according to data shared by Paisabazaar as of October 07, 2026.

• Suryoday Small Finance Bank is offering a rate of interest of 8.25 per cent.

• Jana Small Finance Bank is offering a rate of interest of 7.77 per cent.

• Ujjivan Small Finance Bank is offering a rate of interest of 7.20 per cent.

• Equitas Small Finance Bank is offering a rate of interest of 7.00 per cent.

• Slice Small Finance Bank is offering a rate of interest of 7.00 per cent.

• Utkarsh Small Finance Bank is offering a rate of interest of 7.00 per cent.

• AU Small Finance Bank is offering a rate of interest of 6.75 per cent.

• Shivalik Small Finance Bank is offering a rate of interest of 6.25 per cent.

• ESAF Small Finance Bank is offering a rate of interest of 5.75 per cent.

These rates are only applicable to the specified tenure of five years and may be subject to changes in banks' policies. Senior investors should verify the applicable rate, deposit eligibility and premature withdrawal conditions directly with the banks before they proceed with opening an FD.

What Should Senior Citizens Know About Deposit Safety?

While small finance banks may offer higher interest rates than traditional banks, investors should not just blindly put their money down. They should also consider the risks that are associated with their deposits with such banks. Deposits held with banks that are insured are covered by the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to Rs 5 lakh per depositor per bank, including principal and interest; however, subject to applicable rules.

Investors who seek to remain within this insurance limit should calculate their total deposits and accrued interest with the same bank before committing a large sum. Just comparing returns alone may not be sufficient when choosing where to invest retirement savings.