PNB, Axis, IndusInd, And Six More Banks Revise FD Rates, Seniors Can Avail Up To 8.40 Per Cent

Ahead of the Reserve Bank of India's (RBI's) monetary policy committee (MPC) meeting from August 4-6, 2025, nine banks revised their fixed deposit (FD) interest rates during the week ending August 2, 2025. These banks include Punjab National Bank (PNB), Indian Bank, Karnataka Bank, South Indian Bank, Yes Bank, Axis Bank, IndusInd Bank, Suryoday Small Finance Bank (SFB), and Capital SFB. Some of these banks have revised their FD rates a couple of times since the last MPC in June, and they have mostly revised the rates downwards to align with the changes in the repo rate. Notably, the RBI cut the repo rate by 0.50 per cent in the June 2025 MPC meeting to bring it down to 5.50 per cent.

Let us check the revised FD interest rates for senior citizens on FDs of less than Rs 3 crore with a tenure of one year or more.

Punjab National Bank

The Bank revised its FD rates on August 1, 2025. Now, it offers a maximum of 7.10 per cent to senior citizens (60 years and above) and 7.40 per cent to super senior citizens (80 years and above). Here are the interest rates for senior citizens:

• 6.90 per cent for tenures between one year and 389 days

• 7.10 per cent for 390 days

• 6.90 per cent for 391 days to 505 days

• 6.80 per cent for 506 days

• 6.90 per cent for 507 days to two years

• 6.90 per cent for more than two years to three years

• 7.00 per cent for more than three years to 1203 days

• 6.90 per cent for 1204 days

• 7.00 per cent for 1205 days to five years

• 6.80 per cent for more than five years to 1894 days

• 6.65 per cent for 1895 days

• 6.80 per cent for 1896 days to 10 years tenure

Super senior citizens can avail an additional 0.30 per cent (30 basis points—bps) interest over these rates for tenures up to five years. For more than five years, the interest rate is the same for both seniors and super seniors.

Indian Bank

After Indian Bank's FD rate revision on August 1, 2025, seniors can avail of the highest 7.20 per cent from its FDs. It offers an additional 50 bps interest to seniors across tenures. The senior citizen FD rates are:

• 6.10 per cent for one year

• 6.50 per cent for above one year to less than two years (Except 444 & 555 Days)

• 6.70 per cent for 444 days (Ind Secure Product)

• 6.60 per cent for 555 days (Ind Green Product)

• 6.40 per cent for two years to less than three years

• 6.25 per cent for three years to less than five years

• 6.00 per cent for five years and above

Note that its 'Ind Secure' FDs are valid only up to September 30, 2025.

Karnataka Bank

Karnataka Bank offers seniors an additional 40 bps interest on FD tenures of one year and above. It revised its FD interest on August 1, 2025. Seniors can avail of:

• 6.90 per cent for one year to 554 days

• 7.05 per cent for 555 days only

• 6.80 per cent for 556 days to two years

• 6.55 per cent for tenure above two years to three years

• 6.55 per cent for tenure above three years to five years

• 5.90 per cent for above five years to 10 years

South Indian Bank

South Indian Bank revised its FD rates on July 28, 2025. It reduced the highest rates from 7.20 per cent to 7.10 per cent for 'one year seven days' tenure. It offers seniors:

• 7.00 per cent for one year

• 6.70 per cent for above one year to one year 6 days

• 7.10 per cent for one year 7 days

• 6.70 per cent for one year 8 days to less than 39 months

• 7.00 per cent for 39 months

• 6.90 per cent for above 39 months to less than five years

• 6.20 per cent for five years to less than 66 months

• 6.70 per cent for 66 months (Green Deposit)

• 6.20 per cent for above 66 months to 10 years

Yes Bank

Yes Bank revised the rates on August 1, 2025, and offers the highest 7.75 per cent to senior citizens. Yes Bank FD rates for seniors are:

• 7.15 per cent for 12 months

• 7.25 per cent for 12 months and one day to less than 18 months

• 7.25 per cent for 18 months

• 7.40 per cent for 18 months and one day to less than 24 months

• 7.40 per cent for 24 months to less than 36 months

• 7.75 per cent for 36 months to less than 60 months

• 7.50 per cent for 60 months

• 7.50 per cent for 60 months and one day to 120 months

Axis Bank

This private sector bank offers seniors the highest 7.35 per cent. It offers an additional 50 bps interest to seniors for tenures up to five years and an additional 75 bps interest from five years to 10 years tenure. Here are Axis Bank FD rates for seniors:

• 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

• 7.00 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 five years

• 7.35 per cent for five years to 10 years

The rates were revised on July 29, 2025.

IndusInd Bank

IndusInd Bank revised interest rates for its FDs on August 1, 2025. Seniors can avail of:

• 7.25 per cent for one year to below one year one month

• 7.50 per cent for one year and one month to two years

• 7.25 per cent for above two years to three years three months

• 7.15 per cent for above three years and three months to below 61 months

• 7.00 per cent for 61 months and above

Suryoday Small Finance Bank  

Effective August 1, 2025, Suryoday Small Finance Bank (SFB) FD rates have changed. After the revision, the Bank offers a maximum of 8.40 per cent to seniors. Here are the revised FD interest rates for seniors:

• 7.90 per cent for one year

• 7.90 per cent for above one year to 15 months

• 7.90 per cent for above 15 months to 18 months

• 7.90 per cent for above 18 months to two years

• 7.90 per cent for above two years to 30 months

• 8.15 per cent for above 30 months to 36 months

• 7.15 per cent for above three years to less than five years

• 8.40 per cent for five years

• 7.65 per cent for above five years to 10 years

Capital Small Finance Bank

This SFB revised and reduced its FD rates after the revision. Senior citizens' FD rates in this Bank are:

• 7.50 per cent for one year to less than five years

• 7.40 per cent for five years to 10 years

Special FD rates:

• 7.65 per cent for 12 months

• 7.65 per cent for 400 days

• 7.55 per cent for 600 days

• 7.55 per cent for 900 days

The SFB revised FD interest rates on July 30, 2025.