Summary of this article
· RBI maintained repo rate at 5.50 per cent in the October 2025 monetary policy committee (MPC) meeting, but experts expects a rate cut in future. Meanwhile, four banks including private sector and small finance banks revised their FD rates during this week, ending on October 11, 2025.
Four banks, including DCB Bank, Tamilnad Mercantile Bank, South Indian Bank, and Suryoday Small Finance Bank (SFB), revised their fixed deposit (FD) rates during the week ending October 11, 2025. Seniors can avail of up to 7.70 per cent interest on their fixed deposits.
While the Reserve Bank of India (RBI) kept the repo rate unchanged at 5.50 per cent in the bi-monthly policy meeting on October 1, 2025, experts expect a further rate cut in the coming meetings. However, till then, one may consider checking FD rates to invest or withdraw to balance the portfolio.
Here are FD rates for senior citizens (60 years and above) of these four banks for callable FDs of less than Rs 3 crore.
DCB Bank
This private sector bank offers seniors between the age of 60 and 70 years, the highest deposit rate of 7.70 per cent, and to those 70 years and above, 7.75 per cent for a 36-month to 38-month tenure. For all other tenures, the rates are the same for all seniors aged 60 years and above. The bank revised the rates on October 7, 2025, and offers seniors:
7.15 per cent for 12 months to less than 15 months
7.50 per cent for 15 months to less than 16 months
7.15 per cent for 16 months to less than 27 months
7.60 per cent for 27 months to less than 28 months
7.25 per cent for 28 months to less than 37 months
7.70 per cent for 37 months to 38 months (7.75 per cent to seniors aged 70 and above)
7.25 per cent for more than 38 months to 60 months
7.60 per cent for more than 60 months to 61 months
7.25 per cent for more than 61 months to 120 months
Tamilnad Mercantile Bank
Tamilnad Mercantile Bank (TMB) revised its FD rates on October 4, 2025, and offers seniors up to 7.40 per cent. Seniors can avail of:
7.30 per cent for one year
7.30 per cent for more than one year to less than 400 days
7.40 per cent for 400 days
7.10 per cent for more than 400 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
South Indian Bank
The South Indian Bank revised FD rates on October 6, 2025. Seniors can receive a maximum of 7.25 per cent on their fixed deposits.Here are the FD rates for seniors:
7.25 per cent for one year
6.60 per cent for above one year to one year six days
6.70 per cent for one year seven days to 399 days
6.80 per cent for 400 days
6.70 per cent for 401 days 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
Suryoday Small Finance Bank
Suryoday Small Finance Bank (SFB) reduced FD rates from 8.40 per cent to 8.10 per cent for the five-year tenure. This is the highest rate the bank offers to its FD depositors. The revised rates for seniors are:
7.60 per cent for one year
7.45 per cent for various tenures between one year and 36 months
6.95 per cent for above three years to less than five years
8.10 per cent for five years
7.45 per cent for above five years to 10 years
These rates are effective from October 8, 2025.
