SBI, PNB, BOI, And 12 Banks Including Small Finance Banks Revise FD Rates, Seniors Can Get Up To 9.10%

Fifteen banks revised their fixed deposit (FD) rates during the week ending June 21, 2025. While fixed deposits provide a stable income amidst economic uncertainties, they may not remain as attractive since banks are lowering their interest rates to align with the Reserve Bank of India (RBI) repo rate and new cash reserve ratio (CRR) requirements. The banks that revised their FD rates this week include the State Bank of India (SBI), Punjab National Bank (PNB), Bank of India (BoI), Punjab and Sind Bank, Karnataka Bank, RBL Bank, Tamilnad Mercantile Bank, IndusInd Bank, DCB Bank, and Kotak Mahindra Bank. Additionally, seven small finance banks (SFBs), including ESAF SFB, Shivalik SFB, Unity SFB, Ujjivan SFB, and Capital SFB.

Here are the latest FD rates for senior citizens for callable FDs of one year and above period.

State Bank Of India (SBI)

The Bank reduced its FD rates on June 16, 2025, bringing the highest rate down to 7.10 per cent for senior citizens and to 7.20 per cent for super seniors (80 years and above). The latest SBI FD rates for seniors are:

• 6.75 per cent for one year to less than two years

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

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

• 7.05 per cent for five years and up to 10 years

It has reduced its special FD scheme Amrit Vrishti rates too, from 6.60 for the general public and 7.10 per cent for senior citizens, including additional 50 basis points (bps) for them.

Punjab National Bank (PNB)

This public sector bank offers the highest 7.20 per cent to senior citizens, effective June 18, 2025. PNB FD rates for seniors are:

• 6.90 per cent for tenures from one year to 389 days

• 7.20 per cent for 390 days

• 6.90 per cent for 391 days-505 days

• 6.80 per cent for 506 days

• 6.90 per cent for 507 days to 2 year

• 6.90 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 1204 days

• 7.00 per cent for 1205 days to 5 years

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

• 6.65 per cent for 1895 days

• 6.80 per cent for 1896 days to 10 years

Super senior citizens can avail a maximum of 7.50 per cent for ‘390 day’ FD. The banks offer them 30 bps higher interest over senior citizens’ interest rates on all tenures up to five years. Beyond that the rates are the same for both seniors and super seniors.

Bank Of India (BOI)

The bank offers seniors an additional 50 bps interest for tenures from six months to less than three years and 75 bps extra interest for all tenures from three years to 10 years. BOI FD rates for seniors are:

• 7.00 per cent for one year

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

• 7.20 per cent for 450 days (Star Vaibhav)

• 6.90 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

For super seniors, the rates are:

• 7.15 per cent for one year

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

• 7.35 per cent for 450 days (Star Vaibhav)

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

• 7.15 per cent for three years to less than five years

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

• 6.90 per cent for eight years and above to 10 years

The bank revised the rates on June 16, 2025.

Punjab And Sind Bank

The bank revised rates on June 16, 2025, and offers seniors:

• 6.60 per cent for one year

• 6.25 per cent for more than one year to 374 days

• 7.40 per cent for 375 days

• 6.25 per cent for 376 days to 443 days

• 7.55 per cent for 444 days

• 6.50 per cent for 445 days to less than 22 months

• 6.60 per cent for 22 months (PSB Green Earth)

• 6.50 per cent for more than 22 months to less than two years

• 6.60 per cent for two years to 776 days

• 6.85 per cent for 777 days

• 6.60 per cent for 778 days to 998 days

• 6.75 per cent for 999 days

• 6.70 per cent for 1000 days to less than three years

• 6.50 per cent for three years to less than 44 months

• 6.60 per cent for 44 months (PSB Green Earth)

• 6.50 per cent for more than 44 months to five years

• 6.85 per cent for five years

• 6.65 per cent for more than five years to less than 66 months

• 6.85 per cent for 66 months (PSB Green Earth)

• 6.65 per cent for more than 66 months to 10 years

The special FDs of 444 Days, 555 Days, 777 Days, and 999 Days are valid only up to June 30, 2025.

Karnataka Bank

The bank revised its FD rates on June 16, 2025. The bank offers an additional 25 bps rate to seniors for less than one year FDs an additional 40 bps for FDs from one year to 10 years. The rates for seniors are:

• 7.00 per cent for one year to 554 days

• 7.15 per cent for 555 days only

• 6.90 per cent for 556 days to two years

• 6.65 per cent for above two years to three years

• 6.65 per cent for above three years to five years

• 5.90 per cent for above five years to 10 years

RBL Bank

The Bank revised its rates on June 16, 2025. Seniors can avail of:

• 7.60 per cent for tenures between 365 days and 499 days

• 7.80 per cent for 500 days

• 7.60 per cent for tenures between 501 days and 36 months

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

• 7.50 per cent for 60 months two days to 120 months

Tamilnad Mercantile Bank

After revising the interest rates on June 17, 2025, the bank offers seniors:

• 7.30 per cent for one year

• 7.30 per cent for above one year to less than 400 days

• 7.55 per cent for 400 days

• 7.10 per cent for above  400 days to less than two years

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

• 6.75 per cent for three years to 10 years

IndusInd Bank

The bank revised interest rates for its FDs on June 16, 2025, the interest rates for seniors are:

• 7.50 per cent for one year to below one year 1 month

• 7.75 per cent for one year 1 month to two years

• 7.50 per cent for above two years to three years 3 months

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

• 7.25 per cent for 61 months and above

DCB Bank

Senior citizens can avail of the highest 7.90 per cent from DCB Bank’s FDs. Effective from June 19, 2025, DCB Bank FD interest rates for seniors are:

• 7.25 per cent for 12 months to less than 15 months

• 7.80 per cent for 15 months to less than 16 months

• 7.15 per cent for 16 months to less than 24 months

• 7.25 per cent for 24 months to less than 25 months

• 7.90 per cent for 25 months to 26 months

• 7.25 per cent for more than 26 months to 61 months

• 7.25 per cent for more than 61 months to 120 months

Kotak Mahindra Bank

Kotak Bank FD rates for seniors effective from June 18, 2025, are:

• 6.75 per cent for 365 days to 389 days

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

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

• 7.10 per cent for 23 months

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

• 6.90 per cent for tenures from two years and less than five years

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

ESAF Small Finance Bank

ESAF SFB FD rates have been revised on June 18, 2025. The interest rates for seniors are:

• 5.25 per cent for 183 days to one year

• 7.75 per cent for one year 1 day to 443 days

• 8.10 per cent for 444 days

• 7.75 per cent for tenures from 445 days to less than three years

• 6.50 per cent for three years to less than five years

• 6.25 per cent for five years to 10 years

Shivalik Small Finance Bank

After the rate revision on June 18, 2025, in the bank, seniors can avail:

• 6.50 per cent for nine months to 12 months

• 8.25 per cent for 12 months 1 day to less than 18 months

• 8.55 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

Unity Small Finance Bank

Unity SFB offers the highest 9.10 per cent interest to seniors for ‘1001 days’ FD. The other tenure rates for seniors effective June 16, 2025, are:

• 7.50 per cent for one year

• 7.75 per cent for one year 1 day to 500 days

• 8.25 per cent for 501 days

• 8.00 per cent for 502 days to 18 months

• 8.00 per cent for more than 18 months to 700 days

• 8.50 per cent for 701 days

• 8.00 per cent for 702 days to 1000 days

• 9.10 per cent for 1001 days

• 8.50 per cent for tenured between 1002 days and five years

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

Ujjivan Small Finance Bank

Ujjivan SFB the bank offers seniors:

• 8.15 per cent for 12 months to less than 24 months

• 8.25 per cent for 24 months

• 8.00 per cent for 24 months 1 day to 990 days

• 7.70 per cent for 991 days to 60 months

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

The bank revised the June 19, 2025.

Capital Small Finance Bank

Seniors can avail of:

• 7.60 per cent for one year to less than five years

• 7.50 per cent for five years to 10 years

Special FD rates:

• 7.80 per cent for 12 months

• 7.80 per cent for 400 days

• 7.65 per cent for 600 days

• 7.65 per cent for 900 days

This SFB revised the rates on June 17, 2025.