Federal Bank, Unity Small Finance Bank Revise FD Rates, Seniors Can Receive Up To 8.50 Per Cent

Federal Bank and Unity Small Finance Bank (SFB) have revised fixed deposit (FD) interest rates this week, offering senior citizens (60 years and above) up to 8.50 per cent. Where Federal Bank offers a maximum of 7.20 per cent to seniors, Unity SFB offers an attractive 8.50 per cent, after the latest rate revision. To put these revised rates in perspective, note that the Senior Citizens Savings Scheme (SCSS) offers 8.2 per cent and the employees’ provident fund (EPF) offers 8.25 per cent. However, SCSS comes with a five-year lock-in, and EPF is available only to working people.

In contrast, bank FDs are for all and can be withdrawn easily in case of a financial exigency.

Here are the FD interest rates of Federal Bank and Unity Small Finance Bank (SFB) for senior citizens, which have been revised during the week ending on July 18, 2026.

Federal Bank

This private sector bank revised FD rates on July 16, 2026, and offers the highest 7.20 per cent to seniors for the ’48 months’ period. It has reduced the rate by 20 basis points (0.20 per cent) for the ’15 months’ tenure and has made changes in FD tenures, too. Here are the details for the other tenures for senior citizens:

• 6.75 per cent for one year

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

• 7.10 per cent for 15 months

• 6.90 per cent for above 15 months to less than 48 months

• 7.20 per cent for 48 months

• 6.90 per cent for more than 48 months to 10 years

Unity Small Finance Bank

Unity SFB offers the highest 8.50 per cent to seniors, effective July 15, 2026. Unity SFB FD rates for seniors are:

• 8.00 per cent for 12 months

• 7.00 per cent for 12 months to one day

• 7.00 per cent for 12 months, one day to 500 days

• 8.50 per cent for 501 days

• 7.25 per cent for 502 days to 18 months

• 7.25 per cent for more than 18 months to 700 days

• 7.25 per cent for 701 days

• 7.25 per cent for 702 days to 998 days

• 7.25 per cent for 999 days to 34 months

• 7.25 per cent for more than 34 months to 36 months

• 7.25 per cent for more than 36 months to 60 months

• 6.50 per cent for more than 60 months to 120 months

These rates are for callable FD valued up to Rs 3 crore.