UCO Bank, Suryoday SFB Revise FD Rates, Up To 8.25 Per Cent For Senior Citizens

Two banks have revised their fixed deposit (FD) rates this week, ahead of the policy rate announcement on April 8, 2026, by the Reserve Bank of India’s (RBI) monetary policy committee (MPC) announcement. 

This week has been significant for the small investors as the government kept the small savings schemes' interest rates unchanged. The senior citizen savings scheme (SCSS) interest rate was kept at 8.20 per cent, offering seniors a fixed return with sovereign guarantee. However, those willing to park their funds in callable FDs with banks instead of in SCSS may check these two banks, UCO Bank and Suryoday Small Finance Bank (SFB), which revised rates during the week ended April 4, 2026.

UCO Bank

This public sector bank revised its FD rates on April 1, 2026, offering senior citizens (60 years and above) a 6.95 per cent, including the additional 0.50 per cent (50 basis points – bps). 

Besides increasing the rate for one year, the bank has cut the rates for most of the longer tenures by 10 bps. Here are UCO Bank’s revised interest rate details for seniors:

• 6.60 per cent for one year

• 6.60 per cent for above one year to 443 days

• 6.95 per cent for 444 days

• 6.60 per cent for 445 days to two years

• 6.50 per cent for above two years to three years

• 6.50 per cent for above three years to five years

• 6.50 per cent for above five years

Suryoday Small Finance Bank (SFB)

Suryoday SFB is offering an attractive 8.25 per cent to senior citizens after revising their FD rates on March 29, 2026. Compared to the scheduled banks, SFBs offer higher rates and, notably, similar to other banks, deposits with the SFBs are secured up to Rs 5 lakh under the Deposit Insurance and Credit Guarantee Corporation (DICGC) scheme. Here are the FD rates for seniors:

• 7.40 per cent for one year

• 7.40 per cent for one year to less than 18 months

• 7.75 per cent for 18 months

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

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

• 8.25 per cent for 30 months

• 7.40 per cent for 30 months to three years

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

• 8.05 per cent for five years

• 7.40 per cent for above five years to 10 years

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