Bank Of India, Canara Bank, Bandhan Bank, And Three Small Finance Banks Revise FD Rates: Senior Citizens Can Avail Of Up To 8.10

Six banks, including Bank of India (BoI), Canara Bank, Bandhan Bank, Jana Small Finance Bank (SFB), Ujjivan SFB, and Shivalik SFB, revised their fixed deposit (FD) rates. Notably, a few of the banks changed their FD rates before the repo rate announcement by the Reserve Bank of India’s (RBI’s) monetary policy committee (MPC) and a few afterwards. 

Incidentally, even though the RBI has kept the repo rate unchanged, banks are still reducing their rates, possibly to absorb the earlier rate cuts announced this year. RBI has cut the policy rate (repo rate) by a total of 1 per cent by revising it three times since February 2025. It announced a 25 basis points (bps) rate cut in February, a 25 bps rate cut in April, and a 50 bps in June 2025.

Here are the revised FD rates of banks that updated their rates during the week ending August 9, 2025.

Bank of India (BoI)

The bank revised its FD rates on August 4, 2025. It offers senior citizens (60 years and above) an additional 50 bps for tenures of less than three years, and an additional 75 bps for tenures of three years and above. Bank of India FD rates for seniors are:

• 6.75 per cent for one year

• 6.80 per cent for above one year to less than two years (except 450 Days)

• 6.95 per cent for 450 days (Star Vaibhav)

• 6.80 per cent for two years to less than three years (except 777 days)

• 7.10 per cent for 777 days (Star Utsav)

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

• 6.75 per cent for five years to less than eight years

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

On its special FD of 999 days (Green Deposit Scheme), seniors can avail of a deposit rate of 7 per cent, and super seniors (80 years and above can receive 7.15 per cent.

The bank offers super seniors an additional 15 bps over these rates. This is effectively 65 bps and 90 bps additional interest over what is offered to the general public on FDs for less than three years tenure and three years and above tenure, respectively.

Canara Bank

The bank revised its FD rates on August 7, 2025.  Effective this date, Canara Bank FD rates for senior citizens are:

• 6.75 per cent for one year and above to one year 3 months

• 7.00 per cent for 444 days

• 6.75 per cent for above one year, three months to less than two years

• 6.75 per cent for above two years and above to less than three years

• 6.75 per cent for above three years and above to less than five years

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

Bandhan Bank

Bandhan Bank revised and reduced its FD rates on August 9, 2025. It offers a maximum of 7.80 per cent to senior citizens. Here are the interest rates for seniors:

• 7.60 per cent for one year

• 7.50 per cent for one year one day to one year nine months

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

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

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

• 6.60 per cent for five years to 10 years

Jana SFB

Senior citizens can avail of a maximum of 8 per cent with Jana SFB. This SFB revised the FD interest on August 8, 2025. The rates for seniors are:

• 7.75 per cent for 181 to 365 days

• 7.75 per cent for above one year to two years (730 days)

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

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

• 8.00 per cent for five years (1825 days)

• 7.00 per cent for above five years to 10 years

Ujjivan SFB

Ujjivan SFB revised its FD rates on August 5, 2025, offering seniors the highest deposit rate of 7.95 per cent. Here are the FD interest rates for seniors:  

• 7.75 per cent for 12 months to less than 24 months

• 7.95 per cent for 24 months

• 7.75 per cent for 24 months one day to 990 days

• 7.70 per cent for 991 days to 60 months

• 7.00 per cent for 60 months one day to 120 months

Shivalik SFB

Shivalik SFB offers seniors a maximum of 8.10 per cent. Here are the revised rates for senior citizens:

• 6.50 per cent for nine months to 12 months

• 7.75 per cent for 12 months one day to less than 18 months

• 8.10 per cent for 18 months to 24 months

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

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

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

These FD interest rates are effective from August 5, 2025.