During the week ending May 24, 2025, six banks, including Canara Bank, South Indian Bank, Bank of Maharashtra, ICICI Bank, HDFC Bank, and Jana Small Finance Bank revised fixed deposit (FD) rates. According to experts, the Reserve Bank of India (RBI) can reduce the repo rate; the benchmark rate for banks’ lending eventually affects the banks’ deposit rates. While the speculations are in the air, those who have surplus money or want to book FD for guaranteed returns may look at the changes in the FD rates by banks this week. Here are the details for senior citizens.
Canara Bank
This public sector bank revised the rates on May 21, 2025. For senior citizens, it offers:
7.35 per cent for one year
7.50 per cent for 444 days
7.35 per cent for above one year to less than two years
7.40 per cent for two years and above to less than three years
7.50 per cent for three years and above to less than five years
7.20 per cent for five years and above to 10 years
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Bank Of Maharashtra
The bank revised the rates on May 20, 2025 and offers seniors:
7.25 per cent for one year
7.00 per cent for more than one year to two years
7.00 per cent for more than two years to three years
7.00 per cent for more than three years to five years
7.00 per cent for above five years
Special FD:
7.40 per cent for 200 days
7.75 per cent for 366 days
7.70 per cent for 555 days
7.00 per cent for 1777 days (Green Deposit)
South Indian Bank
The bank revised its FD rates and offers the highest of 7.55 per cent to seniors.
Here are the FD rates for seniors:
7.30 per cent for one year
7.00 per cent for above one year to one year 6 days
7.55 per cent for one year 7 days
7.00 per cent for one year 8 days to less than 39 months
7.40 per cent for 39 months
7.20 per cent for above 39 months to less than five years
6.50 per cent for five years to less than 66 months
7.00 per cent for 66 months (Green Deposit)
6.50 per cent for above 66 months to 10 years
ICICI Bank
The bank reduced its FD rates and now offers a maximum of 7.35 per cent to seniors. The other rates on offer after revision are:
7.00 per cent for one year to less than 15 months
7.1 per cent for 15 months to less than 18 months
7.35 per cent for 18 months to two years
7.25 per cent for two years 1 day to five years
7.2 per cent for five years 1 day to 10 years
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HDFC Bank
The bank revised and reduced its FD rates on May 23, 2025. This is the second revision in almost a month. The last revision was done on April 19, 2025. The new senior FD rates are:
7.00 per cent for one year to less than 15 months
7.35 per cent for 15 months to less than 18 months
7.35 per cent for 18 months to less than 21 months
7.20 per cent for 21 months to three years
7.15 per cent for various tenures between three years 1 day and five years
6.90 per cent for five years 1 day to 10 years
Jana Small Finance Bank
The small finance bank revised FD rates on May 24, 2025. However, there has been no change in the tenure of one year or more. The latest FD rates for seniors are:
8.00 per cent for 181 to 365 days
8.55 per cent for above one year to two years (730 days)
8.55 per cent for more than two years to three years (1095 days)
7.75 per cent for more than three years to less than five years
8.20 per cent for five years (1825 days)
7.00 per cent for above five years to 10 years.
