Summary of this article
Seven bank revised FD rates this week.
Federal Bank offers up to 7.40 per cent to senior citizens.
J&K bank offers up super citizen a maximum of 7.50 per cent.
Amid volatile crude prices, persistent inflation, and shifting interest rate expectations, banks are revising their fixed deposit (FD) rates to manage liquidity, deposit growth, and funding costs. During the week ending November 15, 2026, seven banks, including Bank of Baroda (BoB), Central Bank of India (CBI), Indian Overseas Bank (IOB), J&K Bank, South Indian Bank, Axis Bank, and Federal Bank, revised their FD rates. Here are the revised rates for senior citizens at these banks.
Bank Of Baroda (BoB)
Senior citizens (60 years and above) can avail of 7.35 per cent in the newly introduced 555-day FD (BoB Golden Goal Deposit Scheme). This includes an additional 50 basis points (050 bps) offered to seniors. For super seniors, the highest rate is 7.45 per cent on the same FD. Effective November 12, 2026, the FD rates for seniors are:
For Senior Citizens (60 years to less than 80 years)
6.75 per cent for one year
6.75 per cent for above one year to 400 days
6.75 per cent for above 400 days to two years (except 444 days and 555 days)
6.75 per cent for above two years to three years
6.90 per cent for above three years to five years
7.00 per cent for above five years to 10 years
6.95 per cent for 444 days (BoB Square Drive Deposit scheme)
7.35 per cent for 555 days (BoB Golden Goal deposit Scheme)
For Super Seniors (80 years and above)
6.75 per cent for one year
6.85 per cent for various tenures above one year to three years
7.00 per cent for above three years to five years
7.00 per cent for above five years to 10 years
7.05 per cent for 444 days (BoB Square Drive Deposit scheme)
7.45 per cent for 555 days (BoB Golden Goal deposit Scheme)
Central Bank Of India (CBI)
The Central Bank of India revised its FD rates on November 10, 2026. It increased the rates by 20-50 basis points (bps) compared to the rates revised in May 2026. The highest rate for senior citizens is now 7.25 per cent (annualised yield of 7.45 per cent). They (seniors) can avail of:
6.80 per cent for one year to less than two years
7.25 per cent for two years to less than three years
7.00 per cent for three years to less than five years
7.00 per cent for five years to 10 years
Indian Overseas Bank (IOB)
This public sector bank increased FD rates on November 10, 2026. Seniors can receive up to 7.25 per cent, including the additional 50 bps available for seniors. Super seniors can get up to 7.50 per cent from IOB FDs. The deposit rates for seniors are as follows:
7.00 per cent for one year
6.90 per cent for more than one year to less than two years (except 444 days)
7.25 per cent for 444 days
6.90 per cent for two years to less than three years
6.60 per cent for three years and above
For super seniors, the FD rates are 25 bps higher than the rates available to seniors.
J&K Bank
J&K Bank revised its FD rates on November 10, 2026. Seniors can avail of a maximum of 7.25 per cent, and super senior citizens up to 7.50 per cent.
FD Rates For Senior Citizens
7.05 per cent for one year to less than 18 months
7.15 per cent for 18 months to less than two years
7.20 per cent for two years to 887 days
7.25 per cent for 888 days
7.20 per cent for 889 days to less than three years
7.20 per cent for three years to less than five years
7.25 per cent for five years to 10 years
FD Rates For Super Senior Citizens
7.30 per cent for one year to less than 18 months
7.40 per cent for 18 months to less than two years
7.45 per cent for two years to 887 days
7.50 per cent for 888 days
7.45 per cent for 889 days to less than three years
7.45 per cent for three years to less than five years
7.50 per cent for five years to 10 years
South Indian Bank
South Indian Bank’s revised rates became effective on November 9, 2026; however, the highest rate for seniors remains unchanged at 7.30 per cent. Senior FD rates are:
6.75 per cent for one year
6.35 per cent for above one year to less than 371 days
7.20 per cent for 372 days
6.55 per cent for 373 days to less than 18 months
7.10 per cent for 18 months
6.35 per cent for above 18 months to less than 30 months
7.30 per cent for 30 months
6.35 per cent for above 30 months to less than three years
6.70 per cent for more than three years to less than five years
6.20 per cent for five years to less than 66 months
6.50 per cent for 66 months (Green Deposit)
6.20 per cent for more than 66 months to 10 years
Axis Bank
Axis Bank raised its FD rates effective November 9, 2026. Following the revision, the rates for tenures between two years and 10 years increased by 10 basis points (bps). Seniors can avail of the highest rate of 7.35 per cent. Here are the details for senior citizens:
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
7.10 per cent for tenures from two years to less than three years
7.10 per cent for tenures from three years to less than five years
7.35 per cent for five years to 10 years
Federal Bank
Federal Bank revised its FD rates on November 12, 2026. The highest rate for senior citizens is 7.40 per cent, 20 bps higher than the previous rate. The deposit rates for seniors are:
7.10 per cent for one year
7.15 per cent for more than one year to less than 18 months
7.40 per cent for 18 months
7.15 per cent for above 18 months to less than two years
7.40 per cent for above two years to less than three years
7.20 per cent for three years to 10 years
These FD rates are for callable FDs of less than Rs 3 crore.
