Bandhan Bank, Jana SFB Revise FD Rates, Offers Up To 8 Per Cent To Seniors

With escalating geopolitical tensions and uncertainty, market volatility is expected to remain high for the near-term. Amid this, the Centre has asked the Reserve Bank of India (RBI) to keep inflation within a tolerance level that is 4 per cent (with + - 2 per cent). The RBI’s monetary policy committee (MPC) meeting scheduled from April 6-8, 2026, will announce the repo rate considering inflation and several other economic factors. Ahead of this, two banks revised their fixed deposit (FD) rates during this week ending March 28, 2026. These banks include Bandhan Bank and Jana Small Finance Bank (SFB).

Here are the FD rates for senior citizens (60 years and above).

Bandhan Bank

This private sector bank has increased its FD rates after the revision on March 25, 2026. The rate has increased by 0.25 per cent (25 basis points or bps) for three years to less than five years tenure. The highest rate for senior citizens, post-revision, however, remained the same at 7.75 per cent, and for the general public at 7.25 per cent. Here are the FD rates for seniors:

• 7.50 per cent for one year

• 7.50 per cent for one year 1 day to one year 9 months

• 7.50 per cent for one year 9 months one day to less than two years

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

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

• 6.60 per cent for five years to 10 years

Jana Small Finance Bank (SFB)

Jana SFB’s new FD rates are effective March 23, 2026. The bank has introduced new tenures and merged the others. However, the highest rates for seniors remain the same at 8 per cent. Notably, the deposits with the SFBs are covered for up to Rs 5 lakh under the Deposit Insurance and Credit Guarantee Corporation (DICGC) scheme.

Senior citizens can avail of:

• 7.50 per cent for 271 days to 365 days

• 7.75 per cent for 366 days to 374 days

• 8.00 per cent for 375 days to 400 days

• 7.75 per cent for 401 days to 730 days (two years)

• 8.00 per cent for more than two years to three years (1095 days)

• 7.77 per cent for more than three years to less than five years

• 7.77 per cent for five years (1825 days)

• 7.00 per cent for more than five years to 10 years

These interest rates are for callable FDs of up to Rs 3 crore.