Fixed deposits (FDs) with banks are one of the most convenient and simple modes for saving money. For senior citizens, this is often the source of regular monthly income. However, this year, banks have been on a rate cut spree following the Reserve Bank of India (RBI) repo rate cut three times this year so far, making a total rate cut of 1 per cent. During the week ended July 19, 2025, seven banks, including Punjab and Sind Bank, DCB Bank, IDBI Bank, Axis Bank, IDFC First Bank, Federal Bank, and Ujjivan Small Finance Bank (SFB), revised their FD interest rates. Here are the details of rates for senior citizens for one year and above tenure, which are valued up to Rs 3 crore.
Punjab And Sind Bank
The public sector bank revised its FD rates on July 16, 2025, to offer seniors a maximum of 7.30 per cent for the 444-day FD. For other tenures, seniors can avail of:
• 6.60 per cent for one year
• 6.25 per cent for more than one year to 374 days
• 7.25 per cent for 375 days
• 6.25 per cent for 376 days to 443 days
• 7.30 per cent for 444 days
• 6.50 per cent for 445 days to 22 months
• 6.60 per cent for 22 months (PSB Green Earth)
• 6.50 per cent for more than 22 months to less than two years
• 6.60 per cent for two years to 776 days
• 6.65 per cent for 777 days
• 6.50 per cent for 778 days to 998 days
• 6.60 per cent for 999 days
• 6.60 per cent for 1000 days to less than three years
• 6.50 per cent for three years to less than 44 months
• 6.60 per cent for 44 months (PSB Green Earth)
• 6.50 per cent for more than 44 months to five years
• 6.60 per cent for five years
• 6.50 per cent for more than five years to less than 66 months
• 6.85 per cent for 66 months (PSB Green Earth)
• 6.50 per cent for more than 66 months to 10 years
The Bank offers an additional 0.15 per cent interest rate on special FDs of 375 Days, 444 Days, 777 Days, 999 Days, and PSB Green Earth FD of 22 months, 44 months, 66 months tenure.
DCB Bank
The Bank offers the highest 7.90 per cent to senior citizens and 8.00 per cent, effective July 18, 2025. DCB Bank FD interest rates for senior citizens are:
• 7.25 per cent for 12 months to less than 15 months
• 7.65 per cent for 15 months to less than 16 months
• 7.15 per cent for 16 months to less than 24 months
• 7.25 per cent for 24 months to less than 25 months
• 7.25 per cent for 25 months to 26 months
• 7.25 per cent for 26 months one day to less than 27 months
• 7.90 per cent for 27 months to less than 28 months
• 7.25 per cent for 28 months to 60 months
• 7.25 per cent for more than 60 months to 120 months
Notably, the Bank starts paying an additional 0.10 per cent interest over these rates to seniors aged 70 years and above instead of starting the higher rates when they turn 80. Seniors (70 years and above) can earn an additional 0.10 per cent interest for
• 15 months to less than 16 months – 7.75 per cent; and
• 27 months to less than 28 months – 8.00 per cent.
IDBI Bank
IDBI Bank revised FD interest on July 18, 2025. Here are the rates for seniors:
• 7.05 per cent for one year to two years (except 444, 555, and 700 days)
• 7.05 per cent for more than two years to less than three years
• 6.75 per cent for three years to five years
• 6.45 per cent for more than five years to 10 years
Special FDs:
• 7.20 per cent for 444 days
• 7.25 per cent for 555 days
• 7.10 per cent for 700 days
These special FDs are valid till September 30, 2025.
Axis Bank
Axis Bank FD rates for senior citizens, effective July 16, 2025, are:
• 6.75 per cent for tenures from one year to one year 10 days
• 6.75 per cent for one year 11 days to less than 13 months
• 6.75 per cent for 13 months to less than 15 months
• 7.00 per cent for 15 months to less than 18 months
• 7.10 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 three years
• 7.35 per cent for five years to 10 years
IDFC First Bank
The bank offers seniors the highest 7.25 per cent after revising its FD rates on July 15, 2025. Seniors can avail of:
• 6.80 per cent for one year
• 6.80 per cent for one year one day to 370 days
• 7.00 per cent for 371 days to two years
• 7.25 per cent for tenure from two years one day to three years
• 7.10 per cent for tenure from three years one day to five years
• 6.50 per cent for five years one day to 10 years
Federal Bank
Federal Bank revised FD interest rates on July 17, 2025. Now, senior citizens can avail of:
• 6.90 per cent for one year
• 7.10 per cent for above one year to 443 days
• 7.20 per cent for 444 days
• 7.10 per cent for 445 days to three years
• 7.00 per cent for the above three years to four years
• 7.00 per cent for the above four years to 10 years
Ujjivan Small Finance Bank
This SFB revised FD rates on July 17, 2025. Here are the interest rates for senior citizens:
• 8.00 per cent for 12 months to less than 24 months
• 8.10 per cent for 24 months
• 8.00 per cent for 24 months one day to 990 days
• 7.70 per cent for 991 days to 60 months
· 7.00 per cent for 60 months one day to 120 months.
