CSB Bank, Karnataka Bank, South Indian Bank, Jana SFB, And Three More Banks Revise FD Rates, Senior Citizens Can Receive Up To 8%

In the wake of the Reserve Bank of India’s (RBI) announcement to keep the repo rate unchanged, and current liquidity conditions, seven banks revised their fixed deposit (FD) rates during the week ended on April 11, 2026. These include CSB Bank, Karnataka Bank, Karur Vysya Bank, Nainital Bank, South Indian Bank, Tamilnad Merchantile Bank, Yes Bank, ICICI Bank, Axis Bank, and Jana Small Finance Bank (SFB). Here are the FD rates for senior citizens.

CSB Bank

This private sector bank offers a maximum of 7.50 per cent to senior citizens (60 years and above), effective April 6, 2026. This is 20 basis points (bps) higher than the previous highest rate of 7.30 per cent. Seniors can now avail of:

• 5.15 per cent for 12 months to less than 13 months

• 7.15 per cent for 13 months

• 5.65 per cent for above 13 months to 18 months

• 7.50 per cent for 18 months

• 5.65 per cent for 18 months to 24 months

• 5.90 per cent for above 24 months to 24 months 14 days

• 6.65 per cent for above 24 months, 14 days to 25 months

• 5.90 per cent for above 25 months to 60 months

• 6.15 per cent for above 60 months to 120 months

Karnataka Bank

Karnataka Bank offers seniors 40 bps higher interest on FDs of one-year and above tenure. After revising its rates on April 11, 2026, it offers seniors:

• 6.90 per cent for one year to 554 days

• 7.15 per cent for 555 days only

• 6.80 per cent for 556 days to two years

• 6.55 per cent for tenure above two years to three years

• 6.55 per cent for tenure above three years to five years

• 5.90 per cent for above five years to 10 years

Karur Vysya Bank

The bank revised its FD rates on April 6, 2026. While the general public can avail of a maximum of 7.20 per cent, seniors can avail of up to 7.70 per cent, including 50 bps additional interest. The FD rates for seniors are:

• 7.05 per cent for one year to 399 days

• 7.70 per cent for 400 days

• 7.05 per cent for 401 days up to two years

• 7.05 per cent for more than two years up to three years

• 7.05 per cent for more than three years up to five years

• 6.75 per cent for more than five years

• 7.05 per cent for KVB Tax Shield Deposits

• 4.75 per cent for Rainbow Deposits (RBFD)

• 6.75 per cent for Green Deposits (2345 days)

Rainbow deposits are the sweep-in FDs, which are automatically created out of the surplus amount. Green deposit FD funds are invested in environmentally friendly initiatives and projects.

Nainital Bank

Nainital Bank revised its FD rates on April 10, 2026, and offers seniors the highest 7.00 per cent and super seniors 7.10 per cent. FD rate for seniors is:

• 6.80 per cent for one year to 18 months

• 7.00 per cent for above 18 months to two years

• 6.75 per cent for above two years to three years

• 6.25 per cent for the above three years to five years

• 5.85 per cent for above five years to 10 years

South Indian Bank

The new rates in South Indian Bank became effective on April 9, 2026. The bank has reduced rates by 10 bps, offering seniors up to 7.30 per cent. Senior FD rates are:

• 6.75 per cent for one year

• 6.35 per cent for above one year to less than two years

• 7.30 per cent for two years

• 6.70 per cent for more than two years to less than five years

• 6.20 per cent for five years to less than 66 months

• 6.50 per cent for 66 months (Green Deposit)

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

Tamilnad Merchantile Bank (TMB)

TMB revised FD interest rates on April 10, 2026. Seniors can avail of:

• 7.30 per cent for one year

• 7.20 per cent for more than one year to less than 456 days

• 7.50 per cent for 456 days

• 7.10 per cent for more than 456 days to 566 days

• 7.70 per cent for 567 days

• 7.10 per cent for above 567 days to less than two years

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

• 7.20 per cent for three years to 10 years

Jana Small Finance Bank (SFB)  

Jana SFB’s new FD rates are effective April 11, 2026. The bank has merged several tenures and is offering seniors the highest 8 per cent. The interest rates for seniors are:

• 7.50 per cent for 271 days to 365 days

• 8.00 per cent for above one year to two years

• 8.00 per cent for above 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

Notably, the deposits with SFBs are covered under the Deposit Insurance and Credit Guarantee Corporation (DICGC) scheme for Rs 5 lakh. All these rates are for callable FDs of up to Rs 3 crore.