BOB, Kotak, DCB, And Four More Banks Revise FD Interest Rates, Seniors Can Avail Of Up To 9.10 Per Cent

Seven banks, including Bank of Baroda (BOB), DCB Bank, South Indian Bank, Kotak Bank, Federal Bank, Utkarsh Small Finance Bank (SFB), and Suryodaya SFB revised fixed deposit (FD) rates during the week ending May 10, 2025. Here are the interest rates for senior citizens for FDs of one year and above tenures and for up to Rs 3 crore deposits.

Bank Of Baroda (BoB)

Seniors can avail a maximum of 7.60 per cent with the bank. After revising the rates on May 5, 2025, it offers senior citizens:

• 7.30 per cent for one year

• 7.30 per cent for above one year to 400 days

• 7.30 per cent for above 400 days to two years (except 444 days)

• 7.60 per cent for 444 days (BoB Square Drive Deposit Scheme)

• 7.50 per cent for above two years to three years

• 7.40 per cent for above three years to five years

• 7.50 per cent for above five years to 10 years

For super senior citizens (80 years and above), the rates are:

• 7.30 per cent for one year

• 7.40 per cent for above one year to 400 days

• 7.40 per cent for above 400 days to two years (except 444 days)

• 7.70 per cent for 444 days (BoB Square Drive Deposit Scheme)

• 7.60 per cent for above two years to three years

• 7.50 per cent for above three years to five years

• 7.50 per cent for above five years to 10 years

DCB Bank

The bank revised FD interest rates on May 7, 2025. Seniors can avail of:

• 7.60 per cent for 12 months to less than 15 months

• 8.25 per cent for 15 months to less than 16 months

• 7.50 per cent for 16 months to less than 700 days

• 7.75 per cent for 700 days to 24 months

• 8.00 per cent for 24 months 1 day to less than 25 months

• 7.75 per cent for 25 months to 60 months

• 7.75 per cent for 60 months 1 day to 61 months

• 7.50 per cent for More than 61 months to 120 months

Notably, if a person remains invested in the 120-month FD, the yield would be around 11 per cent for the given 7.50 per cent interest.

South Indian Bank

The bank offers the highest 7.65 per cent to seniors for 'one year 7 days' tenure after revising the rates on May 9, 2025. Here are the interest rates for seniors for others' tenures:

• 7.30 per cent for one year

• 7.00 per cent for above one year to one year 6 days

• 7.65 per cent for one year 7 days

• 7.00 per cent for one year 8 days to less than 39 months

• 7.40 per cent for 39 months

• 7.20 per cent for above 39 months to less than five years

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

• 7.00 per cent for 66 months (Green Deposit)

• 6.50 per cent for above 66 months to 10 years

Kotak Bank

It revised FD rates again on May 5, 2025, within a month. Previously, it revised the rates on April 23, 2025. Besides introducing the 23-month tenure, the bank has also reduced interest for 390-day tenure by 10 basis points to 7.40 per cent. For seniors, the interest rates are:

• 7.30 per cent for 365 days to 389 days

• 7.40 per cent for 390 days (12 months 25 days)

• 7.65 per cent for 391 days to less than 23 months

• 7.65 per cent for 23 Months

• 7.55 per cent for 23 months , 1 day to less than two years

• 7.40 per cent for tenures between two years and five years

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

Federal Bank

After revising FD rates effective May 6, 2025, it offers seniors a maximum of 7.65 per cent. It reduced the rates across tenures. The revised rates for seniors are:

• 7.25 per cent for one year

• 7.30 per cent for above one year to 443 days

• 7.65 per cent for 444 days

• 7.30 per cent for 445 days to two years

• 7.40 per cent for above two years to five years

• 7.00 per cent for above five years to 10 years

Utkarsh Small Finance Bank

The SFB revised the rates on May 5, 2025, and provides senior citizens the highest 8.75 per cent. They can avail of:

• 6.75 per cent for 181 days to 370 days

• 8.00 per cent for 371 days to less than two years (729 days)

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

• 8.50 per cent for above three years to less than four years

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

• 7.75 per cent for above five years to 10 years

Suryoday Small Finance Bank

Suryoday SFB offers a maximum of 9.10 per cent to senior citizens on the 5-year callable FD. Here are the interest rates for seniors:

• 8.40 per cent for one year

• 8.50 per cent for above one year to 15 months

• 8.75 per cent for above 15 months to 18 months

• 8.60 per cent for above 18 months to two years

• 8.65 per cent for above two years to 30 months

• 8.90 per cent for above 30 months to 36 months

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

• 9.10 per cent for five years

• 7.75 per cent for above five years to 10 years

The bank revised the rates on May 8, 2025.