PNB, BOM, Bandhan, Kotak, And Six More Banks Revised FD Interest, Up To 8.70 Per Cent For Seniors

Ten banks, including Punjab National Bank, Bank of Maharashtra, Bandhan Bank, CSB Bank, IDFC First Bank, Karnataka Bank, Kotak Bank, IndusInd Bank, Shivalik Small Finance Bank, and Jana Small Finance Bank, revised their repo rate during the week ended on May 3, 2025. With the ease of inflation and other economic factors, experts believe the benchmark repo rate will go down further this year and suggest lock-in fixed deposits (FDs) according to the requirement of one’s portfolio. Here are the interest rates of these banks for senior citizens.

Punjab National Bank 

The bank revised its FD rates again within a month. After revising the rates on May 1, 2025, it offers seniors a maximum of 7.60 per cent for 390 days of tenure. The rates of interest for other tenures are:

• 7.20 per cent for one year

• 7.30 per cent for one year to 389 days

• 7.60 per cent for 390 days

• 7.30 per cent for 391 days to 505 days

• 7.20 per cent for 506 days

• 7.30 per cent for 507 days to two year

• 7.25 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

For super seniors the rates are 0.30 per cent (30 basis points) higher than these rates for tenures up to five years. Beyond five years, both senior and super seniors receive the same rates with the bank.

Bank Of Maharashtra (BOM)

It revised the rates on May 1, 2025. The revised rates are: 

• 6.75 per cent for 365 days

• 6.50 per cent for various tenures from above one year to 10 years

For special FDs, the bank has reduced the rates and provides: 

• 6.90 per cent for 200 days

• 7.25 per cent for 366 days

• 7.20 per cent for 555 days

• 6.50 per cent for 1777 days 

Seniors can avail an additional 50 per cent (50 basis points) above these rates for all FD tenure of 91 days and above for FDs up to Rs 5 crore.

Bandhan Bank

The bank offers seniors:

• 8.25 per cent for one year

• 8.15 per cent for one year 1 day to one year 9 months

• 7.75 per cent for tenures from one year 9 months 1 day to less than five years

• 5.85 per cent for five years to up to 10 years

  The banks revised the rates on May 1, 2025

CSB Bank

It revised the FD interest on May 3, 2025. The interest rates for seniors are:

• 5.50 per cent for 12 months to less than 13 months

• 7.90 per cent for 13 months

• 6.00 per cent for above 13 months to 24 months

• 6.25 per cent for above 24 months to ‘24 months 14 days’

• 7.50 per cent for above ‘24 months 14 days to 25 months

• 6.25 per cent for above 25 months to 60 months

• 6.50 per cent for above 60 months to 120 months

Karnataka Bank

The bank offers the highest 7.55 per cent to seniors after revising the rates on May 2, 2025. The rates for seniors are:

• 7.40 per cent for one year to 554 days

• 7.55 per cent for 555 days only

• 7.20 per cent for 556 days to two years

• 6.90 per cent for above two years to three years

• 6.90 per cent for above three years to five years

• 5.90 per cent for above five years to 10 years

IDFC First Bank

This private sector bank revised the rates on May 1, 2025. It offers seniors an additional 50 bps interest on all tenures. The rates for seniors are:

• 6.75 per cent for one year

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

• 7.50 per cent for 371 days to 399 days 

• 7.75 per cent for 400 days to 500 days

• 7.25 per cent for 501 days to two years

• 6.75 per cent for two years 1 day to three years

• 6.50 per cent for three years 1 day to five years

• 6.50 per cent for five years 1 day to 10 years 

Kotak Bank

It revised the interest rates on April 30, 2025. For seniors, the 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 23 months

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

• 7.40 per cent for tenures from two years to less than five years

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

IndusInd Bank

Seniors can avail of a maximum of 8.25 per cent with the bank after it revised the rates on April 29, 2025. The bank offers seniors:

• 8.00 per cent for one year to below one year 3 months

• 8.25 per cent for one year 3 months (15 months) to below one year 4 months (16 months)

• 8.00 per cent for various tenures from one year 4 months to two years

• 7.75 per cent for tenures between above two years and three years 3 months

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

• 7.50 per cent for 61 months and above

Jana Small Finance Bank

This small finance bank (SFB) offers senior citizens the highest 8.55 per cent. It offers:

• 8.00 per cent for 181 to 365 days

• 8.55 per cent for above one year to two years (730 days)

• 8.55 per cent for more than two years to three years (1095 days)

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

• 8.20 per cent for five years (1825 days)

• 7.00 per cent for above five years to 10 years

The bank revised the rates on May 3, 2025

Shivalik Small Finance Bank

This SFB revised FD rates on May 1, 2025. For seniors, the rates are:

• 6.50 per cent for nine months to 12 months

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

• 8.70 per cent for 18 months to 24 months

• 8.00 per cent for 24 months 1 day to 36 months

• 7.00 per cent for 36 months 1 day to 60 months

• 6.75 per cent for 60 months 1 day to 120 months.