PNB, Bank of India, Canara Bank And 12 More Revise FD Rates, Offers Up To 8.80 Per Cent To Senior Citizens

The Reserve Bank of India (RBI) reduced the repo rate in the consecutive third monetary policy committee (MPC) meeting in 2025. The RBI cut the repo rate by 50 basis points to 5.50 per cent along with reducing the cash reserve ratio (CRR) requirement of the banks. As this adds to the banks’ liquidity, they would not be willing to offer higher rates on deposits. So, the deposit rates are expected to go down in the next few months, as banks transmit the impact of repo rate cuts. 

Amid this, senior citizens, who typically rely on bank fixed deposits (FDs) for a guaranteed and steady income may like to look at these rates to book FDs before the repo rate transmission is fully realised. 

During the week ending June 7, 2025, 15 banks, including Punjab National Bank, Bank of India, UCO Bank, Canara Bank, Bank of Maharashtra, Dhanlaxmi Bank, City Union Bank, Karnataka Bank, IDFC First Bank, Federal Bank, Kotak Mahindra Bank, IndusInd Bank, Equitas Small Finance Bank (SFB), Jana SFB, and Suryoday SFB, revised their FD rates. 

Here are the details of interest rates for senior citizens for FDs worth less than Rs 3 crore.

Punjab National Bank (PNB)

Punjab National Bank FD rates for seniors are:

• 7.20 per cent for 1 year

• 7.20 per cent for more than 1 year to 389 days

• 7.40 per cent for 390 days

• 7.20 per cent for 391-505 days

• 7.10 per cent for 506 days

• 7.20 per cent for 507 days to 2 year

• 7.20 per cent for more than 2 years to 3 years

• 7.00 per cent for more than 3 years to 1203 days

• 6.90 per cent for 1,204 days

• 7.00 per cent for 1,205 days to 5 years

• 6.80 per cent for more than 5 years to 1894 days

• 6.65 per cent for 1,895 days

• 6.80 per cent for 1,896 days to 10 years

For super senior citizens (80 years and above), the rates are 0.30 per cent or 30 basis points (bps) higher for all tenures up to five years. The rates are the same for both seniors and super seniors for FDs of more than five years.

The bank revised rates on June 1, 2025.

Bank of India (BoI)

Seniors can avail of a maximum of 7.50 per cent on the bank's special ‘450 day’ FD.

The bank is offering an additional 50 bps to seniors on FDs from six months to less than 3 years tenure. For a longer tenure from 3 years to 10 years, it offers an additional 25 bps, bringing the total additional rates to 75 bps (50 bps+25 bps) for seniors. For similar periods, super seniors can avail of an additional rate of 65 bps and 90 bps, respectively. Here are the rates available for the general public over which the additional rates are available for seniors and super seniors.

• 6.75 per cent for 1 year

• 6.70 per cent for above 1 year to less than 2 years (except 450 days)

• 7.00 per cent for 450 days (Star Vaibhav)

• 6.65 per cent for 2 years to less than 3 years

• 6.50 per cent for 3 years to less than 5 years

• 6.00 per cent for 5 years to less than 8 years

• 6.00 per cent for 8 years and above to 10 years

The Bank revised the rates on June 1, 2025.

UCO Bank

The bank revised its FD rates on June 5, 2025, offering seniors the highest 7.40 per cent for ‘444 days’ tenure. It offers 25 bps additional rates on FDs less than one year and 50 bps additional interest for one year and above. These rates are over the deposit rates available for the general public, which are as follows:

• 6.50 per cent for 1 year

• 6.40 per cent for above 1 year – 443 days

• 6.90 per cent for 444 days

• 6.40 per cent for 445 days to 2 years

• 6.30 per cent for above 2 years to 3 years

• 6.20 per cent for above 3 years to 5 years

• 6.10 per cent for above 5 years

Canara Bank

The bank revised and reduced the rates on June 1, 2025. For seniors, the rates are:

• 4.00 per cent for 7-45 days

• 5.25 per cent for 46-90 days

• 5.50 per cent for 91-179 days

• 6.65 per cent for 180-269 days

• 6.75 per cent for 270 days to less than one year

• 7.25 per cent for one year only

• 7.50 per cent for 444 days

• 7.35 per cent for above 1 year to less than 2 years

• 7.40 per cent for 2 years to less than 3 years

• 7.25 per cent for 3 years to less than 5 years

• 7.20 per cent for 5-10 years

Bank Of Maharashtra (BoM)

The bank revised the rates on June 2, 2025. The highest rate it offers to seniors is 7.00 per cent. The rates are as follows.

• 7.00 per cent for various tenures from 365 days to 3 years

• 6.75 per cent for above 3 years to 5 years

• 6.60 per cent for above 5 years

For special FDs, the bank offers:

• 7.00 per cent for 200 days

• 7.65 per cent for 366 days

• 7.55 per cent for 555 days

• 7.00 per cent for 1777 days (Green Deposit)

These rates include an additional 50 per cent (50 bps) available for seniors for FDs up to Rs 5 crore for 91 days and above.

Dhanlaxmi Bank

The bank revised its deposit rates on June 2, 2025. They are as follows.

• 7.15 per cent for 1 year and above to 2 years

• 7.75 per cent for 400 days (13 months and 4 days for online FD)

• 7.00 per cent for above 2 years to 3 years

• 7.50 per cent for above 3 years to 5 years

• 7.10 per cent for above 5 years to 10 years

Seniors can receive an additional interest of 50 bps on ‘one year and above’ FDs with the bank. The additional rates are included in interest rates here.

City Union Bank

The bank offers the following rates to seniors:

• 7.25 per cent for 365 days

• 7.25 per cent for 366 days to 3 years

• 6.50 per cent for above 3 years to 10 years

For super seniors, the rate of interest is as follows:

• 7.30 per cent for 365 days

• 7.30 per cent for 366 days to 3 years

• 6.50 per cent for above 3 years to 10 years

The rates were revised on June 4, 2025.

Karnataka Bank

The bank offers seniors the highest deposit rate of 7.40 per cent after revision of rates, effective June 3, 2025. Karnataka bank FD rates for seniors are as follows:

• 7.0 per cent for 1 year to 554 days

• 7.40 per cent for 555 days

• 7.10 per cent for 556 days to 2 years

• 6.90 per cent for above 2 years to 3 years

• 6.90 per cent for above 3 years to 5 years

• 5.90 per cent for above 5 years to 10 years

IDFC First Bank

IDFC First Bank revised its FD rates were on June 6, 2025. Seniors can avail of:

• 6.75 per cent for 1 year

• 7.00 per cent for 1 year one day to 370 days

• 7.25 per cent for 371-424 days

• 7.50 per cent for 425 days

• 7.25 per cent for 426-500 days

• 7.25 per cent for 501 days to 2 years

• 6.75 per cent for 2 years one day to 3 years

• 6.50 per cent for 3 years one day to 5 years

• 6.50 per cent for 5 years one day to 10 years

Federal Bank

The bank revised its FD interest rates on June 2, 2025. After revision, Federal Bank FD rates for senior citizens are:

• 7.10 per cent for 1 year

• 7.30 per cent for above 1 year to 443 days

• 7.50 per cent for 444 days

• 7.30 per cent for 445-709 days

• 7.50 per cent for 710 days

• 7.30 per cent for 711 days to 2 years

• 7.40 per cent for above 2 years to 5 years

• 7.00 per cent for above 5 years to 10 years

Kotak Mahindra Bank

Kotak Mahindra Bank FD rates for senior citizens are:

• 7.00 per cent for 365-389 days

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

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

• 7.35 per cent for 23 months

• 7.35 per cent for 23 months 1 day to less than 2 years

• 7.25 per cent for tenures between 2 years and less than 5 years

• 6.70 per cent for 5 years and above to 10 years

The revised rates are effective from June 5, 2025.

IndusInd Bank

The private sector bank revised the rates on June 2, 2025. It is offering up to 8.00 per cent to senior citizens. IndusInd Bank FD rates for seniors are:

• 7.75 per cent for 355 days to below 1 year one month

• 8.0 per cent for 1 year one month to 2 years

• 7.75 per cent for above 2 years to 3 years three months

• 7.50 per cent for above 3 years three months to below 61 months

• 7.25 per cent for 61 months and above

Equitas Small Finance Bank

On June 7, 2025, the bank revised its FD rates. Seniors can avail of:

• 8.10 per cent for 1 year to 443 days

• 8.10 per cent for 444 days

• 8.10 per cent for 445 days to 18 months

• 8.05 per cent for 18 months one day to 2 years

• 8.00 per cent for 2 years one day 776 days

• 8.10 per cent for 777 days

• 8.00 per cent for 778-887 days

• 8.40 per cent for 888 days

• 8.00 per cent for 889 days to 3 years

• 8.00 per cent for 3 years one day to 4 years

• 7.75 per cent for 4 years one day to 5 years

• 7.75 per cent for 5 years one day to 10 years

Jana Small Finance Bank

Jana Small Finance Bank revised its FD rates on June 3, 2025. Its FD rates for senior citizens are:

• 8.00 per cent for 181-365 days

• 8.55 per cent for above 1 year to 2 years (730 days)

• 8.55 per cent for above 2 years to 3 years (1095 days)

• 7.75 per cent for above 3 years to less than 5 years

• 8.20 per cent for 5 years (1825 days)

• 7.00 per cent for above five years to 10 years

Suryoday Small Finance Bank

The bank revised its FD rates on June 1, 2025. Here are the interest rates available for seniors:

• 8.30 per cent for 1 year

• 8.40 per cent for above 1 year to 15 months      

• 8.65 per cent for above 15 months to 18 months

• 8.50 per cent for above 18 months to 2 years

• 8.55 per cent for above 2 years to 30 months    

• 8.80 per cent for above 30 months to 36 months

• 7.15 per cent for above 3 years to less than 5 years        

• 8.40 per cent for 5 years

• 7.65 per cent for above 5 years to 10 years