City Union Bank, Kotak Bank, And Utkarsh SFB Revise FD Rates, Senior Citizens Can Get Up To 8.25 Per Cent

While Bank Nifty showed recovery during the week, supported by softening crude prices, improved risk sentiments, and other factors, profit booking and caution around banking earnings restricted the upside movement towards the end of the week. Amid this, three banks revised their fixed deposit (FD) rates during the week ended on May 9, 2026, offering senior citizens up to 8.25 per cent. Here are the revised FD rates for senior citizens (60 years and above) in these three banks: City Union Bank, Kotak Mahindra Bank, and Utkarsh Small Finance Bank (SFB).

City Union Bank

City Union Bank revised its FD interest rates on May 5, 2026. The new rates offer a maximum of 7.25 per cent to senior citizens and an additional 0.10 per cent (10 basis points) over this rate to 7.35 per cent to super senior citizens (80 years and above). Here are the details of revised FD interest rates for seniors and super seniors:

For Senior Citizens:

• 6.75 per cent for 365 days to 399 days

• 7.25 per cent for 400 days

• 6.90 per cent for 401 days to 500 days

• 6.75 per cent for 501 days to three years

• 6.50 per cent for above three years to 10 years

 For Super Seniors:

• 6.80 per cent for 365 days to 399 days

• 7.35 per cent for 400 days

• 6.95 per cent for 401 days to 500 days

• 6.80 per cent for 501 days to three years

• 6.60 per cent for more than three years to 10 years

Kotak Mahindra Bank

Senior citizens can receive the highest 7.30 per cent from Kotak Mahindra Bank FDs. This private sector bank revised FD interest rates, effective May 6, 2026. Here are the interest rates for seniors:

• 7.00 per cent for 365 days to less than 15 months

• 7.20 per cent for 15 months to less than 18 months

• 7.20 per cent for 18 months to less than two years

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

• 6.90 per cent for three years and above to less than four years

• 6.90 per cent for four years and above to less than five years

• 6.75 per cent for five years and above to 10 years

Utkarsh Small Finance Bank (SFB)

Utkarsh SFB revised its FD rates on May 5, 2026. The new rates that seniors can avail of are: 

• 6.50 per cent for 181 days to 370 days

• 7.75 per cent for 371 days to 665 days

• 8.25 per cent for 666 days

• 7.75 per cent for 667 days to two years (729 days)

• 8.00 per cent for two years (730 days) to three years (1095 days)

• 7.75 per cent for more than three years (1096 days) to less than four years (1460 days)

• 7.50 per cent for four years (1461 days) to five years (1826 days)

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

All these interest rates are for less than Rs 3 crore FDs that can be withdrawn before maturity.