Punjab And Sind Bank, ICICI Bank, Ujjivan SFB, And Others Revise FD Rates, Up To 8.50 Per Cent For Seniors

Seven banks have revised their fixed deposit (FD) rates this week. Banks are now increasing the deposit rates following the recent hike in the repo rate by the Reserve Bank of India (RBI). Amid increasing inflation and other macroeconomic factors, experts anticipate a further hike in the repo rate. However, for now, banks are aligning their deposit rates with the prevailing repo rate. The seven banks which increased the deposit rates on their FDs include Punjab and Sind Bank, Indian Bank, City Union Bank, ICICI Bank, Jana Small Finance Bank (SFB), Ujjivan SFB, and Suryoday SFB. Senior citizens (60 years and above) can avail of the highest deposit rate of 8.50 per cent per annum. 

Here are the latest FD rates on offer.

Punjab And Sind Bank

The bank revised its FD rates on October 20, 2026. Seniors can avail of a deposit rate of up to 7.35 per cent, including 0.50 per cent or 50 basis points (bps) additional deposit rate. The FD rates for seniors are as follows:

• 6.35 per cent for one year

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

• 6.90 per cent for 375 days

• 6.10 per cent for 376-443 days

• 7.30 per cent for 444 days

• 6.35 per cent for 445-499 days

• 7.40 per cent for 500 days

• 6.35 per cent for 501-665 days

• 7.35 per cent for 666 days

• 6.35 per cent for more than 667 days to less than 22 months

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

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

• 6.45 per cent for two years to 776 days

• 6.60 per cent for 777 days

• 6.35 per cent for 778-998 days

• 6.50 per cent for 999 days

• 6.45 per cent for 1,000 days to less than three years

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

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

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

• 6.45 per cent for five years

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

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

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

Super senior citizens (80 years and above) can avail of an additional 15 bps over these rates for FDs of 375 days, 444 days, 666 days, 777 days, 999 days, 22 months, 44 months, and 66 months.

Indian Bank

Indian Bank revised its FD rates on October 23, 2026, raising rates for two of its special FDs: Ind Grow and Ind Prosper, by 15 bps. Here are FD rates for seniors: 

• 6.60 per cent for one year

• 6.70 per cent for above one year to less than two years (except 500 and 555 days)

• 6.90 per cent for 500 days (Ind Green FD)

• 7.30 per cent for 555 days (Ind Grow FD)

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

• 7.25 per cent for 777 days (Ind Prosper)

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

• 6.50 per cent for 5 years

6.75 per cent for above 5 years (including an extra 25 bps interest the bank offers only for FDs with more than 5 years tenures.

City Union Bank

This private sector bank revised its FD rates on October 21, 2026, offering seniors up to 7.50 per cent, and super seniors (80 years and above) up to 7.75 per cent. Here are the details for both seniors and super seniors: 

For Senior Citizens:

• 6.85 per cent for 365-443 days

• 7.05 per cent for 444 days

• 7.25 per cent for 445-554 days

• 7.35 per cent for 555 days

• 7.50 per cent for 556 days to 3 years

• 6.75 per cent for above 3 years to 5 years

• 6.50 per cent for above 5 years to 10 years

For Super Seniors:

• 6.90 per cent for 365-443 days

• 7.10 per cent for 444 days

• 7.30 per cent for 445-554 days

• 7.40 per cent for 555 days

• 7.75 per cent for 556 days to 3 years

• 6.80 per cent for above 3 years to 5 years

• 6.60 per cent for above 3 years to 10 years

ICICI Bank

ICICI Bank offers effective rates up to 7.20 per cent to seniors starting October 24, 2026. They can avail of: 

• 6.75 per cent for 1 year to less than 18 months

• 6.80 per cent for 18 months to 2 years

• 7.05 per cent for 2 years 1 day to 3 years

• 7.20 per cent for 3 years 1 day to 5 years

• 7.10 per cent for 5 years 1 day to 10 years

Jana Small Finance Bank (SFB)

Jana SFB revised FD rates on October 22, 2026. Seniors can avail of the highest 8.30 per cent after the revision. FD rates for seniors are as follows.

• 7.50 per cent for 271-365 days

• 7.80 per cent for above 1 year to 2 years

• 8.15 per cent for above 2 years to less than 3 years

• 8.30 per cent for 3 years (1,095 days)

• 8.00 per cent for above 3 years to 5 years (1,825 days)

• 7.00 per cent for above 5 years to 10 years

Ujjivan SFB

Ujjivan SFB revised FD rates on October 24, 2026. Under its Sampoorna Nidhi FDs for domestic investors, it offers senior citizens:

• 7.75 per cent for 1 year to less than 2 years

• 8.05 per cent for 2 years

• 7.75 per cent for 2 years 1 day to 3 years

• 8.60 per cent for 3 years 1 day to 3 years 6 months

• 7.70 per cent for above 3 years 6 months to 5 years

• 7.80 per cent for 5 years 1 day

• 7.00 per cent for 5 years 2 days to 10 years

Suryoday SFB

Suryoday SFB revised FD rates on October 22, 2026. The highest deposit rate offered to seniors is 8.50 per cent for 5-year tenure. Other rates are as follows. 

• 7.40 per cent for 1 year

• 7.40 per cent for 1 year 1 day to less than 18 months

• 7.95 per cent for 18 months

• 7.40 per cent for more than 18 months to 2 years

• 7.40 per cent for more than 2 years to less than 30 months

• 8.25 per cent for 30 months

• 7.40 per cent for 30 months to 3 years

• 6.90 per cent for more than 3 years to less than 5 years

• 8.50 per cent for 5 years

• 7.40 per cent for above 5 years to 10 years.