CSB Bank, IDFC First Bank, AU SFB, And Two More Banks Revise FD Rates, Seniors Can Get Up To 8.30 Per Cent

Four banks have revised their fixed deposit (FD) rates during the week ended September 5, 2026. The highest deposit rate available for senior citizens is 8.30 per cent per annum. These banks include CSB Bank, IDFC First Bank, Ujjivan Small Finance Bank (SFB), and Shivalik SFB. While the market has remained volatile for over a year and the Nifty 50 has declined around 3.40 per cent over one year as of today, the guaranteed interest on FDs provide the much-needed security to the savings for the elderly.

Although FDs cannot beat inflation, their flexibility and guarantee remain critical to ensure the safety and security of funds against market movements.

Here are the deposit rates available to senior citizens (60 years and above):

CSB Bank

CSB Bank revised its FD rates on September 5, 2026. Senior citizens can receive up to 7.35 per cent at the maximum. While the highest rate remains the same, the bank has changed the tenures. The latest tenures and FD rates for seniors are:

• 5.25 per cent for 12 months to less than 13 months

• 7.25 per cent for 13 months

• 5.75 per cent for above 13 months to less than 18 months

• 7.35 per cent for 18 months

• 7.25 per cent for above 18 months to 30 months

• 6.00 per cent for above 30 months to 120 months

IDFC First Bank

This private sector bank revised its FD rates on September 1, 2026. The bank now offers the highest 7.35 per cent to seniors on the ‘500 days to three years’ tenure. Here are the rates for senior citizens:

• 6.75 per cent for one year to 370 days

• 7.25 per cent for 371 days to 499 days

• 7.35 per cent for 500 days to three years

• 7.00 per cent for three years one day to five years

• 6.25 per cent for five years one day to 10 years

Ujjivan SFB

Ujjivan SFB revised its FD rates on September 1, 2026, offering a maximum of 8.30 per cent to seniors. This includes an additional interest of 50 basis points (bps) or 0.50 per cent over the card rates. Ujjivan SFB’s FD interest rates for senior citizens are as follows:

• 7.75 per cent for one year to less than two years

• 8.05 per cent for two years

• 7.75 per cent for two years one day to three years

• 8.30 per cent for three years one day to three years six months

• 7.70 per cent for above three years six months to five years

• 7.80 per cent for five years one day

• 7.00 per cent for five years two days to 10 years

Shivalik SFB

Effective September 1, 2026, the senior citizen accountholders of Shivalik SFB can avail of a maximum of 8.25 per cent on their FDs. Here are the deposit rates for senior citizens:

• 6.25 per cent for nine months to 12 months

• 7.00 per cent for 12 months one day to less than 18 months

• 7.75 per cent for 18 months to 23 months

• 8.25 per cent for 23 months and one day to 27 months

• 7.75 per cent for 27 months one day to 36 months

• 6.50 per cent for 36 months one day to 60 months

• 6.50 per cent for 60 months one day to 120 months

All these deposit rates are for callable FDs worth less than Rs 3 crore. Callable FDs can be withdrawn before maturity.