RBL Bank, Federal Bank, Jana SFB Revise FD Rates; Offer Up To 8.30% To Senior Citizens

Three banks have revised their fixed deposit (FD) rates ahead of the Reserve Bank of India’s (RBI) monetary policy committee (MPC) meeting scheduled from October 5-7, 2026. Experts expect a 25 basis point (bps) or a 0.25 per cent hike in rates this time due to rising crude oil prices and inflation. If the rate is hiked, this will be the first increase since 2023. It would lead to an increase in deposit rates, too.

The RBI will announce the final rate on the last day of the MPC meeting on October 7.

The three banks that revised FD rates during the week ending October 3, 2026, include RBL Bank, Federal Bank, and Jana Small Finance Bank (SFB).

RBL Bank

RBL Bank revised its FD rates on October 1, 2026. It has reduced its deposit rates and now offers senior citizens the highest rate of 7.50 per cent (previously it was 7.70 per cent) and super seniors the highest rate of 7.75 per cent (previously 7.95 per cent), including the additional 0.50 per cent and 0.75 per cent over the card rates, respectively. Here are the FD rates for them:

For Senior Citizens:  

• 7.40 per cent for 365-500 days

• 7.40 per cent for 501 days to less than 18 months

• 7.50 per cent for 18 months to less than 60 months

• 7.20 per cent for 60-120 months

For Super Senior Citizens:  

• 7.65 per cent for 365-500 days

• 7.65 per cent for 501 days to less than 18 months

• 7.75 per cent for 18 months to less than 60 months

• 7.45 per cent for 60-120 months

Federal Bank

Federal Bank revised its FD rates on September 29, 2026. The highest offering for senior citizens is 7.20 per cent for a tenure of 48 months. The deposit rates for seniors are:

• 6.75 per cent for one year

• 7.05 per cent for more than one year to less than 15 months

• 7.15 per cent for 15 months

• 7.05 per cent for above 15 months to 24 months

• 7.00 per cent for above 24 months to less than 48 months

• 7.20 per cent for 48 months

• 6.90 per cent for more than 48 months to 10 years

Jana Small Finance Bank (SFB)

Jana SFB revised its FD rates on September 29, 2026. Senior citizens can avail of up to 8.30 per cent. The rates for seniors are:

• 7.50 per cent for 271-366 days

• 7.80 per cent for 367 days to two years

• 8.30 per cent for above two years to three years (1,095 days)

• 8.00 per cent for above three years to five years (1,825 days)

• 7.00 per cent for above five years to 10 years

These FD rates are for callable FDs valued at less than Rs 3 crore.