Summary of this article
Eight banks including public, private, and small finance banks revise FD interest rates in the first week of 2026.
Meanwhile, small savings rates remains unchanged for the last quarter of FY 2024-25.
Senior can avail of the highest 8 per cent for bank FDs.
The government kept the small savings schemes' interest rates unchanged for the last quarter of FY 2024-25; however, at the same time, several banks have reduced their fixed deposit rates.
During this week ending on January 3, 2026, eight banks revised FD rates. These banks include Punjab National Bank (PNB), Indian Bank, ICICI Bank, Federal Bank, Jana Small Finance Bank (SFB), Suryoday SFB, Capital SFB, and Shivalik SFB.
Here are the deposit rate details for senior citizens.
Punjab National Bank (PNB)
This public sector bank revised rates on January 1, 2026. It offers seniors a maximum of 6.90 per cent, and super seniors (80 years and above) the highest 7.20 per cent. The revised rates for them are:
6.60 per cent for one year
6.80 per cent for more than one year to 389 days
6.90 per cent for 390 days
6.80 per cent for 391 days to 505 days
6.80 per cent for 506 days
6.80 per cent for 507 days to two years
6.80 per cent for more than two years to three years
6.60 per cent for more than three years to 1203 days
6.55 per cent for 1,204 days
6.60 per cent for 1,205 days to five years
6.80 per cent for more than five years to 1894 days
6.80 per cent for 1,895 days
6.80 per cent for 1,896 days to 10 years tenure
For super seniors, the rates are 0.30 per cent (30 basis points – bps) higher than these rates for up to five-year tenures. For longer tenures, the rates are the same for both seniors and super seniors.
Indian Bank
Indian Bank’s revised FD rates are effective January 1, 2026. It offers seniors the highest 6.95 per cent for Ind Secure FD for 444 days. Revised interest rates for senior citizens are:
6.60 per cent for one year
6.70 per cent for above one year to less than two years (except 444 and 555 days)
6.95 per cent for 444 days
6.90 per cent for 555 days
6.65 per cent for two years to less than three years
6.55 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
ICICI Bank
Effective January 3, 2026, ICICI Bank increased the rates by 5 basis points for the ‘Two years one day to three years’ tenure. It now offers 6.95 per cent for this tenure to seniors. Other rates are:
6.75 per cent for one year to less than 18 months
6.80 per cent for 18 Months to two years
6.95 per cent for two years one day to three years
7.10 per cent for three years one day to five years
7.00 per cent for five years one day to 10 years
Federal Bank
Federal Bank revised its FD rates on January 1, 2026. Seniors can receive up to 7.25 per cent for 36 months. Federal Bank FD rates for seniors for other tenures are:
6.75 per cent for one year
6.90 per cent for above one year to less than 15 months
7.10 per cent for 15 months
6.90 per cent for above 15 months to less than 36 months
7.25 per cent for 36 months
6.90 per cent for more than 36 months to 10 years
Jana Small Finance Bank (SFB)
Jana Small Finance Bank’s (SFB) revised FD rates are effective December 30, 2025. It offers the highest 8.00 per cent rate to seniors. For seniors, FD rates are:
7.50 per cent for 271 days to 365 days
7.75 per cent for more than one year to two years (730 days)
8.00 per cent for more than two years to three years
7.75 per cent for more than three years to less than five years
7.77 per cent for five years (1,825 days)
7.00 per cent for more than five years to 10 years
Suryoday SFB
Suryoday SFB revised rates on December 3, 2026, and offers senior citizens a maximum of 8.00 per cent. They can avail of:
7.45 per cent for one year
7.45 per cent for one year to 18 months
7.70 per cent for 18 months
7.45 per cent for more than 18 months to two years
7.45 per cent for more than two years to three years
6.95 per cent for more than three years to less than five years
8.00 per cent for five years
7.45 per cent for above five years to 10 years
Capital SFB
Capital SFB revised FD rates on December 30, 2025. After revision, seniors can receive up to 7.65 per cent with the bank. The FD rates for seniors are:
7.40 per cent for one year to less than five years
7.30 per cent for five years to 10 years
Special category FD rates:
7.50 per cent for 12 months
7.50 per cent for 400 days
7.65 per cent for 600 days
7.55 per cent for 900 days
Shivalik SFB
Shivalik SFB offers the highest 8.00 per cent to senior citizens. Effective January 1, 2026, seniors can avail:
7.50 per cent for 22 months one day to 24 months
7.25 per cent for 24 months one day to 36 months
6.75 per cent for 36 months one day to 60 months
6.75 per cent for 60 months one day to 120 months
Note that the FD rates of all these banks are for callable FDs of less than Rs 3 crore.
