CBI, Union Bank, J&K Bank, And Two Small Finance Banks Revise FD Interest Rates, Up To 8.40% For Senior Citizens

Five banks, including the Central Bank of India (CBI), Union Bank of India (UBI), J&K Bank, Suryoday Small Finance Bank (SFB), and Shivalik SFB, revised their fixed deposit (FD) interest rates during the week ending July 12, 2025. Although these banks have revised FD interest rates downward, one may check them and their viability for their portfolio based on their asset allocation mix. Generally, seniors prefer banks’ FDs due to banks' vast presence, in-person services, and the flexibility to withdraw money from FDs; whenever required. However, in the current scenario of falling interest rates, very few banks now offer more than 8.00 per cent to senior citizens.

Here are the revised FD rates of these banks.

Central Bank Of India (CBI)

This bank revised its FD interest on July 10, 2025. Senior citizens can avail of a maximum of 7.20 per cent. It includes 0.50 per cent or 50 basis points (50 bps) additional rate over the interest rates for the general public. Seniors can avail of:

• 7.10 per cent for one year to less than two years

• 7.20 per cent for two years to less than three years

• 7.00 per cent for three years to less than five years

• 7.00 per cent for five years to 10 years

Union Bank Of India (UBI)

Union Bank revised FD rates on July 7, 2025. Senior citizens can receive the highest 7.10 per cent from UBI’s FDs. The latest rates for seniors are:

• 7.10 per cent for tenures between one year and 400 days

• 7.00 per cent for 401 days to 455 days

• 7.10 per cent for 456 days

• 7.00 per cent for tenures between 457 days and 996 days

• 6.80 per cent for 997 days

• 7.00 per cent for more than 998 days to less than three years

• 7.10 per cent for three years

• 6.90 per cent for tenures from more than three years to 10 years

The bank offers an additional 25 basis points over these rates to super senior citizens (80 years and above).

J&K Bank

The bank revised FD interest rates on July 11, 2025. It offers seniors the highest 7.80 per cent for ‘888 day’ tenure. Seniors can avail of:

• 7.25 per cent for one year to less than two years

• 7.40 per cent for two years to 887 days

• 7.80 per cent for 888 days

• 7.40 per cent for 889 days to less than three years

• 7.25 per cent for three years to less than five years

• 7.00 per cent for five years to 10 years

Super seniors can avail of an additional 25 bps interest over these rates.

Suryoday Small Finance Bank

After revising its FD rates on July 07, 2025, it offers up to 8.40 per cent to seniors. The interest rates available for seniors are:

• 7.90 per cent for various tenures between one year and 30 months

• 8.15 per cent for above 30 months to 36 months

• 7.15 per cent for above three years to less than five years    

• 8.40 per cent for five years

• 7.65 per cent for above five years to 10 years

Shivalik Small Finance Bank

Shivalik bank offers senior citizens a maximum of 8.30 per cent. The rates for seniors are:

• 6.50 per cent for nine months to 12 months

• 8.00 per cent for 12 months one day to less than 18 months

• 8.30 per cent for 18 months to 24 months

• 8.00 per cent for 24 months one day to 36 months

• 7.00 per cent for 36 months one day to 60 months

• 6.75 per cent for 60 months one day to 120 months

It revised the rates on July 9, 2025.