Summary of this article
Axis Bank and Capital Small Finance Bank have raised fixed deposit rates.
Axis now offers up to 7.25 per cent to senior citizens.
Capital SFB provides up to 7.75 per cent to seniors.
Two banks, including Axis Bank and Capital Small Finance Bank (SFB), revised their fixed deposit (FD) rates this week. Following the revision, senior citizens can avail of the highest 7.75 per cent. While the Senior Citizen Savings Scheme (SCSS) offers 8.2 per cent annually with a mandatory payout, FD rates are much lower than this, but there is no lock-in. FDs are easily liquidable and thus provide flexibility. Note that the government has kept the small savings interest rates, including the SCSS, unchanged for the July-September quarter of 2026.
Here are the details of the senior citizens' FD rates that have been revised during the week ended July 4, 2026.
Axis Bank
This scheduled private bank has revised and raised the FD rates effective July 4, 2026. Following the revision, the rate for tenures between 18 months and 10 years has been increased by 5 basis points (0.05 per cent), along with an upward revision in some of the smaller tenure FDs. Senior citizens (60 years and above) can avail of the highest 7.25 per cent, whereas the corresponding rate for the general public is 6.50 per cent.
Here are the details of the interest rates for senior citizens for all tenures:
3.50 per cent for seven days to 14 days
3.50 per cent for 15 days to 29 days
3.75 per cent for 30 days to 45 days
4.50 per cent for 46 days to 60 days
5.25 per cent for 61 days to 87 days
5.50 per cent for 88 days to three months, 24 days
5.50 per cent for three months, 25 days to less than four months
5.50 per cent for four months to less than six months
6.00 per cent for six months to less than nine months
6.25 per cent for nine months to less than one year
6.75 per cent for tenures from one year to one year 10 days
6.75 per cent for one year and 11 days to less than 13 months
6.75 per cent for 13 months to less than 15 months
6.95 per cent for 15 months to less than 18 months
7.00 per cent for tenures from 18 months to less than two years
7.00 per cent for tenures from two years to less than three years
7.00 per cent for tenures from three years to less than five years
7.25 per cent for five years to 10 years
Capital Small Finance Bank
Capital SFB revised FD rates on June 30, 2026. Seniors can get a maximum of 7.75 per cent available in its special category FDs. Here are the FD rates for senior citizens:
4.00 per cent for 15 days to 30 days
4.00 per cent for 31 days to 45 days
4.50 per cent for 46 days to 89 days
5.25 per cent for 90 days to 179 days
6.00 per cent for 180 days to less than one year
7.50 per cent for one year to less than five years
7.50 per cent for five years to 10 years
Special category FD rates:
7.65 per cent for 12 months
7.60 per cent for 400 days
7.75 per cent for 600 days
7.75 per cent for 900 days
These FD rates are available only for callable FDs with a value of less than Rs 3 crore.
