Summary of this article
J&K Bank, South Indian Bank, and Federal Bank revised and reduced their fixed deposit rates. Amid downward rate movement by these banks, senior citizens can check their revised rates that is up to 7.55 per cent
The Diwali celebration started with Dhanteras today. The markets are full of people, and as part of a tradition, they are more interested in buying gold and silver around this time of the year. However, seeing the staggeringly high price of these two precious metals, they are not affordable. Although the festive time is about celebration and buying new stuff, it's also a time to revisit the financial planning. For seniors, who typically prefer keeping their money in fixed deposits, here is a list of three banks, including J&K Bank, South Indian Bank, and Federal Bank, that revised their FD rates during the week ended October 18, 2025.
J&K Bank
J&K Bank revised its FD interest rates on October 11, 2025. For seniors, the highest rate offered by the bank is 7.55 per cent for the 888-day tenure. Other tenures' interest rates for seniors are:
• 7.05 per cent for one year to less than two years
• 7.25 per cent for two years to 887 days
• 7.55 per cent for 888 days
• 7.25 per cent for 889 days to less than three years
• 7.15 per cent for three years to less than five years
• 7.10 per cent for five years to 10 years
The bank offers an additional 0.25 per cent or 25 basis points (bps) over these rates to super senior citizens (80 years and above).
South Indian Bank
This private sector bank revised FD rates on October 14, 2025. Seniors can avail of the highest 7.10 per cent in this Bank's FD, which was 7.25 per cent previously to the revision. The revised FD rates for seniors are:
• 7.10 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
Federal Bank
The bank reduced the rates in the rate revision. Now, senior citizens can receive up to 7.20 per cent interest from the bank. The highest rate is available on the 999-day FD. The other tenures' interest rates for seniors are:
• 6.75 per cent for one year
• 7.00 per cent for above one year to less than 15 months
• 7.10 per cent for 15 months
• 7.00 per cent for above 15 months to 998 days
• 7.20 per cent for 999 days
• 7.00 per cent for 1000 days to 10 years
Federal Bank revised its FD rates on October 17, 2025.
