During the week ending May 24, 2025, six banks, including Canara Bank, South Indian Bank, Bank of Maharashtra, ICICI Bank, HDFC Bank, and Jana Small Finance Bank revised fixed deposit (FD) rates. According to experts, the Reserve Bank of India (RBI) can reduce the repo rate; the benchmark rate for banks’ lending eventually affects the banks’ deposit rates. While the speculations are in the air, those who have surplus money or want to book FD for guaranteed returns may look at the changes in the FD rates by banks this week. Here are the details for senior citizens.
Canara Bank
This public sector bank revised the rates on May 21, 2025. For senior citizens, it offers:
7.35 per cent for one year
7.50 per cent for 444 days
7.35 per cent for above one year to less than two years
7.40 per cent for two years and above to less than three years
7.50 per cent for three years and above to less than five years
7.20 per cent for five years and above to 10 years