PNB, IDBI, Federal Bank, And Two More Revise FD Rates, Senior Can Receive Up To 8.30%

Five banks, including Punjab and Sind Bank, Punjab National Bank, IDBI Bank, Federal Bank, and Shivalik Small Finance Bank (SFB) revised their fixed deposit (FD) rates in the second fortnight of February 2026. The revised rates for senior citizens range between 6.10 and 8.30 per cent for tenures between one year and 10 years. 

Seniors, who typically prefer investing in FDs, can receive a maximum of 8.30 per cent after this revision. Here are the details of the FD rates of interest for seniors.

Punjab And Sind Bank

The bank revised rates on February 16, 2026. The maximum rate for seniors (60 years and above) is 7.25 per cent. They can avail of:

• 6.35 per cent for one year

• 6.10 per cent for more than one year to 374 days

• 6.90 per cent for 375 days

• 6.10 per cent for 376 days to 443 days

• 7.20 per cent for 444 days

• 6.35 per cent for 445 days to 665 days

• 7.25 per cent for 666 days

• 6.35 per cent for 667 days to 22 months

• 6.45 per cent for 22 months (PSB Green Earth)

• 6.35 per cent for more than 22 months to less than two years

• 6.45 per cent for two years to 776 days

• 6.50 per cent for 777 days

• 6.35 per cent for 778 days to 998 days

• 6.50 per cent for 999 days

• 6.45 per cent for 1000 days to less than three years

• 6.35 per cent for three years to less than 44 months

• 6.45 per cent for 44 months (PSB Green Earth)

• 6.35 per cent for more than 44 months to five years

• 6.45 per cent for five years

• 6.35 per cent for more than five years to less than 66 months

• 6.45 per cent for 66 months (PSB Green Earth)

• 6.35 per cent for more than 66 months to 10 years

Super seniors can avail of an additional 15 basis points (bps) over these rates on special FD tenures, including 375 days, 444 days, 777 days, 999 days, and on PSB Green Earth FDs (22 months, 44 months, 66 months).

Punjab National Bank

Punjab National Bank has increased its FD rate for one year and revised the FD tenures, effective February 24, 2026. The maximum rate for seniors is 7.10 per cent. Super seniors (80 years and above) can avail of up to 7.20 per cent. Here are the FD rates for seniors:

• 6.75 per cent for one year

• 6.80 per cent for more than one year to 443 days

• 7.10 per cent for 444 days

• 6.80 per cent for 445 days to two years

• 6.80 per cent for more than two years to three years

• 6.60 per cent for more than three years to 1203 days

• 6.55 per cent for 1204 days

• 6.60 per cent for 1205 days to five years

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

Super seniors can receive an additional 30 bps (0.30 per cent) across tenures up to five years. For a longer period, the rate is the same as that of senior citizens.

IDBI Bank

This private sector bank revised the FD rate on February 23, 2026, offering seniors up to 7 per cent. Here are the interest rates for seniors:

• 6.70 per cent for one year

• 6.75 per cent for one year to two years (except 555 and 700 days)

• 7.00 per cent for more than two years to less than three years

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

• 6.75 per cent for five years

• 6.45 per cent for more than five years to seven years

• 6.40 per cent for more than seven years to 10 years

• 6.10 per cent for 370 days (Arogya FD)

• 6.85 per cent for 1111 days (Vasudhara Green Deposit)

Special FDs

Utsav FDs - The rates for seniors are:

• 6.90 per cent for 555 days

• 6.95 per cent for 700 days

These are valid up to March 31, 2026.

IDBI Chiranjeevi - The rates for Super Senior Citizen FD are:

• 7.05 per cent for 555 days

• 7.10 per cent for 700 days

Federal Bank

Federal Bank revised and reduced FD rates on February 16, 2026. Senior citizens can avail of a maximum of 7.20 per cent. Here are the details:

• 6.75 per cent for one year

• 6.90 per cent for above one year to less than 15 months

• 7.00 per cent for 15 months

• 6.90 per cent for above 15 months to less than 36 months

• 7.20 per cent for 36 months

• 6.90 per cent for more than 36 months to 10 years

Shivalik Small Finance Bank (SFB)

Shivalik SFB revised and increased FD rates on February 27, 2026. Seniors can avail of:

• 6.50 per cent for nine months to 12 months

• 7.25 per cent for 12 months one day to 16 months

• 7.55 per cent for 16 months one day to 17 months

• 7.25 per cent for 17 months one day to less than 18 months

• 7.50 per cent for 18 months to 21 months

• 8.30 per cent for 21 months one day to 22 months

• 7.50 per cent for 22 months one day to 24 months

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

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

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