PNB, BoI, Union Bank, Suryoday SFB, And Four Others Revise FD Rates, Up To 8 Per Cent For Seniors

Eight banks, including Bank of India (BoI), Union Bank, Yes Bank, Kotak Mahindra Bank, Jana Small Finance Bank (SFB), Suryoday SFB, and Utkarsh SFB, revised their fixed deposit (FD) interest rates during the first week of December 2025. The Reserve Bank of India’s (RBI’s) monetary policy committee (MPC) meeting also concluded this week, on December 5, where the MPC unanimously decided to reduce the repo rate by 0.25 per cent. This brought the total rate cut this year to 125 basis points or 1.25 per cent. While the latest cut is to boost demand and credit growth, for depositors, it means lower interest rates on deposits.

Vishal Goenka, co-founder of IndiaBonds.com, a fintech platform for bonds, said, “Given the recent inflation prints and the lack of transmission of lower interest rates in the banking sector, the RBI repo rate cut by 25 bps is timely. Following this, investors should look to lock in current high rates from corporates in the 2-3 year segment and complement this by buying long-end government bonds for potential gains.”

Senior citizens, who prefer bank FDs, here are the revised rates of these banks.

Punjab National Bank

The revised FD rates of the bank are effective from December 1, 2025. Senior can avail of:

• 6.75 per cent for one year

• 6.90 per cent for more than one year to 389 days

• 7.00 per cent for 390 days

• 6.90 per cent for 391 days to 505 days

• 6.80 per cent for 506 days

• 6.90 per cent for 507 days to two years

• 6.90 per cent for more than two years to three years

• 6.75 per cent for more than three years to 1203 days

• 6.65 per cent for 1204 days

• 6.75 per cent for 1205 days to five years

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

• 6.65 per cent for 1895 days

• 6.80 per cent for 1896 days to 10 years tenure

The rates for super seniors (80 years and above) are 30 basis points higher than these rates for up to five years. For FD above five years, the rates are same for both senior and super seniors.

Bank Of India

The public sector bank revised FD rates on December 1, 2025, and offers senior citizens up to 7.20 per cent interest rate. For seniors, Bank of India FD rates are:

• 6.75 per cent for one year

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

• 7.20 per cent for 450 days (Star Swarnim)

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

• 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

Union Bank

The bank revised its rates on December 5, 2025. Seniors can avail of a maximum of 6.80 per cent. For seniors, the rates are:

• 6.25 per cent for one year

• 6.20 per cent for more than one year to 399 days

• 6.30 per cent for 400 days

• 6.00 per cent for 401 days to two years

• 6.00 per cent for more than two years to 996 days

• 5.95 per cent for 997 days

• 6.00 per cent for 998 days to three years

• 5.90 per cent from more than three years to 10 years

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

Yes Bank

This private sector bank revised its FD rates on December 1, 2025. The revised interest rates for senior citizens are:

• 7.15 per cent for 12 months

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

• 7.25 per cent for 18 months

• 7.50 per cent for 18 months and one day to less than 24 months

• 7.50 per cent for 24 months to less than 36 months

• 7.75 per cent for 36 months to less than 60 months

• 7.50 per cent for 60 months

• 7.50 per cent for 60 months and one day to 120 months

Kotak Mahindra Bank

Kotak Mahindra Bank revised its FD rates on December 5, 2025. Here are the details for seniors:

• 6.75 per cent for 365 days to 389 days

• 7.00 per cent for 390 days (12 months and 25 days)

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

• 7.20 per cent for 23 months

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

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

• 6.90 per cent for three years to less than four years

• 6.90 per cent for four years to less than five years

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

Jana Small Finance Bank

Jana Small Finance Bank (SFB) revised its FD rates on December 2, 2025, and offers the highest 8.00 per cent interest to seniors after the revision. For them, the rates are:

• 7.75 per cent for 181 days to 365 days

• 7.95 per cent for more than one year to two years (730 days)

• 8.00 per cent for more than two years to three years

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

• 8.00 per cent for five years (1825 days)

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

Suryoday Small Finance Bank

Suryoday SFB revised its FD rates on December 3, 2025, offering seniors the highest 8.00 per cent for five years. Interest rates for other tenures are:

• 7.45 per cent for one year

• 7.45 per cent for one year to 18 months

• 7.70 per cent for 18 months

• 7.45 per cent for more than 18 months to two years

• 7.45 per cent for more than two years to three years

• 6.95 per cent for more than three years to less than five years

• 8.00 per cent for five years

• 7.45 per cent for above five years to 10 years.

Utkarsh SFB

Utkarsh SFB revised its FD rates effective from December 1, 2025. Seniors can avail of:

• 6.50 per cent for 181 days to 370 days

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

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

• 7.75 per cent for more than three years to less than four years

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

• 7.25 per cent for more than five years to 10 years.

All these interest rates are for callable FDs of less than Rs 3 crore.