Summary of this article
Senior citizens benefit significantly from enhanced FD interest rates. This week, three banks revised FD rates. Amid market volatility, bank FDs remain a guaranteed income and an easy-to-operate option for many seniors.
While the markets remain volatile, bank fixed deposits (FDs) offer a much-needed sense of control and security for the returns. FDs, having secured their place as the staple investment instruments for seniors, are a typical part of senior citizens’ portfolios. Despite banks reducing the rate of interest after the Reserve Bank of India (RBI) repo cut by 100 basis points this year, FDs’ guaranteed income feature, along with anytime liquidity, keeps them attractive for seniors for parking any surplus funds or locking in higher rates in their familiar way. During the week ended November 1, 2025, three banks, including Indian Bank, Bank of Maharashtra, and Axis Bank, revised FD rates, offering up to 7.35 per cent to senior citizens on less than RS 3 crore callable FDs.
Here are the details of the revised interest rates of FDs.
Indian Bank
The public sector bank revised its FD rates on November 1, 2025, and offers seniors the highest 7.10 per cent for 444 days. Here are the revised interest rate details for senior citizens:
• 6.60 per cent for one year
• 6.80 per cent for above one year to less than two years (except 444 and 555 days)
• 7.10 per cent for 444 days
• 7.00 per cent for 555 days
• 6.80 per cent for two years to less than three years
• 6.75 per cent for three years to less than five years
• 6.50 per cent for five years
• 6.50 per cent for above five years
Bank Of Maharashtra
Bank of Maharashtra (BoM) revised FD rates on October 29, 2025. After revision, the highest rate for seniors is 6.70 per cent, including the additional 0.50 per cent interest bank offers to them. The bank offers seniors:
• 6.70 per cent for one year
• 6.70 per cent for above one year to two years
• 6.70 per cent for above two years to three years
• 6.60 per cent for above three years to five years
• 6.60 per cent for above five years
Special FD rates for seniors are:
• 7.10 per cent for 400 days
• 7.15 per cent for 500 days
• 6.60 per cent for 1777 days (Green Deposit)
Axis Bank
Axis Bank revised the FD rates on November 1, 2025, and increased interest by 10 basis points on ’15 months to 18 months tenure’ from 7.00 per cent to 7.10 per cent. Here are the latest rates:
• 6.75 per cent for tenures from one year to one year 10 days
• 6.75 per cent for one year and 11 days to less than 13 months
• 6.75 per cent for 13 months to less than 15 months
• 7.10 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 five years
• 7.35 per cent for five years to 10 years.
