Indian Overseas Bank, IDBI Bank, And Three More Banks Revised FD Rates, Senior Citizens Can Avail Of Up To 7.80%

Five banks, including Indian Overseas Bank (IOB), IDBI Bank, IndusInd Bank, Slice Small Finance Bank (SFB), and Shivalik SFB, revised interest rates of their fixed deposit (FD) during the week ending on September 20, 2025. Banks typically offer 0.50 per cent (50 basis points-bps) higher interest rates to senior citizens (60 years and above) than the card rates, which are for the general public. Amid the falling interest rate scenario, the banks mostly revise the rate. Here are the interest rates revised by the banks this week for callable FDs of less than Rs 3 crore.

Indian Overseas Bank (IOB)

IOB revised its FD rates on September 15, 2025. Seniors can avail of up to 7.20 per cent for a 444-day tenure. Rates for seniors are:

• 7.10 per cent for one year

• 7.00 per cent for more than one year to less than two years (except 444 days)

• 7.20 per cent for 444 days

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

• 6.70 per cent for three years and above

The bank offers an additional 25 bps over these rates for super seniors.

IDBI Bank

IDBI Bank FD rates were revised on September 19, 2025, with the highest 7.05 per cent for senior citizens. Unlike the downward revision by the banks, IDBI increased the interest rate by 10 bps from 6.75 per cent to 6.85 per cent for a three to five-year tenure for seniors. The other tenure interest rates for them are:

• 7.05 per cent for one year to two years (except 444, 555, and 700 days)

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

• 6.85 per cent for three years to five years

• 6.45 per cent for more than five years to 10 years

Special FDs:

• 7.10 per cent for 444 days

• 7.15 per cent for 555 days

• 7.00 per cent for 700 days

The bank has reduced special FD interest rates by 10 bps for all three tenures but extended their validity from September 30, 2025, to March 31, 2026.

IndusInd Bank

The bank revised the rates on September 19, 2025. Here are the rates for senior citizens:

• 7.25 per cent for tenures from one year to below one year six months

• 7.40 per cent from one year six months to below 555 days

• 7.50 per cent for 555 days

• 7.40 per cent for tenures between 556 days and three years

• 7.15 per cent for above three years to below 61 months

• 7.00 per cent for 61 months and above

Slice Small Finance Bank

Slice small finance bank (SFB), erstwhile North East SFB, revised FD rates on September 17, 2025. The maximum rate of FD is 7.75 per cent for all depositors. There is no additional interest rate for seniors. The revised rates are:

• 7.25 per cent for 12 months one day to 18 months

• 7.75 per cent for 18 months one day to 18 months two days

• 7.50 per cent for 18 months three days to 36 months

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

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

Shivalik Small Finance Bank

Seniors can avail of a maximum of 7.80 per cent to senior citizens and 7.50 per cent to the general public. The revised rates for seniors are:

• 7.80 per cent for 18 months to 24 months

• 7.50 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 September 18, 2025.