Summary of this article
Five banks revised fixed deposit interest rates this week.
Senior can received up to 8 per cent.
Banks typically offer 0.50 per cent additional interest rate to senior citizens over card rates.
During the week ended January 11, 2026, five banks revised their fixed deposit (FD) interest rates. These include Bank of Baroda (BoB), Bank of Maharashtra (BoM), Canara Bank, Tamilnad Mercantile Bank, and Jana Small Finance Bank. Senior citizens (60 years and above), typically, are offered 0.50 per cent additional interest over card rates (rates for the general public) of FDs. Here are these banks’ FD rates for them (senior citizens).
Bank Of Baroda
Bank of Baroda revised FD interest rates on January 5, 2026. After this latest revision, seniors can receive a maximum of 7.00 per cent interest from the bank. They can avail of:
For Senior Citizens (60 years to less than 80 years)
6.60 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)
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)
For Super Seniors (80 years and above)
6.60 per cent for one year
7.10 per cent for various tenures above one year to three years
7.00 per cent for above three years to 10 years
7.05 per cent for 444 days (BoB Square Drive Deposit Scheme)
Bank Of Maharashtra
The bank revised the rates on January 7, 2026. The highest rate for seniors is 6.70 per cent for one-year tenure. This includes the additional 0.50 per cent interest offered to seniors. Other tenure interest rates are:
6.70 per cent for one year
6.65 per cent for above one year to two years
5.75 per cent for above two years to three years
5.50 per cent for above three years to five years
5.50 per cent for above five years
Special FD rates for seniors:
7.15 per cent for 400 days
6.55 per cent for 1777 days (Green Deposit)
Canara Bank
Canara Bank revised its FD rates on January 5, 2026. Seniors can avail of up to 7.00 per cent. For seniors, FD rates are:
6.75 per cent for one year and above to one year 3 months (except 444 days)
6.95 per cent for 444 days
7.00 per cent for 555 days
6.75 per cent for above one year three months to less than two years
6.75 per cent for above two years and above to less than three years
6.75 per cent for above three years and above to less than five years
6.75 per cent for above five years and above to 10 years
Tamilnad Mercantile Bank (TMB)
TMB FD interest rates were revised on January 8, 2026. The bank offers seniors the highest 7.50 per cent. Here is the detail:
7.30 per cent for one year
7.30 per cent for more than one year to less than 456 days
7.50 per cent for 456 days
7.10 per cent for more than 456 days to less than two years
7.10 per cent for two years to less than three years
7.10 per cent for three years to 10 years
Jana Small Finance Bank
Jana Small Finance Bank (SFB) revised FD rates on January 10, 2026. The highest interest rate for seniors is 8.00 per cent. SFBs usually offer higher rates compared to the public and private sector banks; however, deposits with them are secured up to Rs 5 lakh under the Deposit Insurance and Credit Guarantee Corporation (DICGC) insurance. Here are the FD rates for senior citizens with this SFB:
7.50 per cent for 271 days to 365 days
7.75 per cent for more than one year to two years (730 days)
8.00 per cent for more than two years to three years
7.77 per cent for more than three years to less than five years
7.77 per cent for five years (1825 days)
7.00 per cent for more than five years to 10 years
All the rates are callable FDs of up to Rs 3 crore.
