Summary of this article
RBI kept repo rate unchanged at 5.25 per cent in the last bi-monthly MPC meeting of FY 2025.
Five banks revise FD rates downwards during this week.
The FD rates for seniors now range between 6.50 per cent and 8.00 per cent.
The bygone week has been a happening one with the Budget and the Reserve Bank of India’s (RBI) bi-monthly monetary policy meeting to determine the benchmark interest rate. While the Budget didn’t make any significant tax relief and the RBI also kept the repo rate unchanged, five banks, including public and private sector banks and small finance banks (SFBs), revised their fixed deposit (FD) rates. During the week ended February 7, 2026, Punjab National Bank (PNB), Indian Bank, Kotak Mahindra Bank, Equitas SFB, and Suryoday SFB revised their FD rates.
Here are the details for these banks’ FD interest rates for senior citizens.
Punjab National Bank (PNB)
Punjab National Bank revised its FD rates on February 1, 2026. Effective this date, the highest rate offered to senior citizens (60 years and above) is 6.90 per cent, and to super seniors (80 years and above) it is 7.20 per cent.
Here are the details of FD rates for seniors:
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 (7.20 per cent for super seniors)
6.80 per cent for 391 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 1204 days
6.60 per cent for 1205 days to five years
6.80 per cent for more than five years to 10 years
The bank offers super seniors an additional 0.30 per cent (30 basis points-bps) across tenures up to five years.
Indian Bank
His public sector bank revised FD rates on February 4, 2026. The revised rates for seniors 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 the above five years
Notably, the bank has reintroduced its Ind Supreme 300-day FD, offering 6.30 per cent to the general public and 6.80 per cent to senior citizens. This FD is available for investment between February 4, 2026, and February 28, 2026.
Kotak Mahindra Bank
Seniors can avail of a maximum of 7.20 per cent with the bank. Here are the Kotak Mahindra Bank FD rates for seniors, effective February 4, 2026:
6.50 per cent for 364 days
7.00 per cent for 365 days to less than 15 months
7.20 per cent for 15 months to less than 18 months
7.20 per cent for 18 months to less than two years
7.20 per cent for two years to less than three years
6.90 per cent for three years and above to less than four years
6.90 per cent for four years and above to less than five years
6.75 per cent for five years and above to 10 years
Equitas SFB
Equitas SFB revised FD interest rates on February 2, 2026. Post revision, it offers seniors:
7.40 per cent for one year to 443 days
7.40 per cent for 444 days
7.40 per cent for 445 days to 18 months
7.40 per cent for 18 months one day to two years
7.50 per cent for two years one day to 776 days
7.50 per cent for 777 days
7.50 per cent for 778 days to 887 days
7.70 per cent for 888 days
7.50 per cent for 889 days to three years
7.50 per cent for three years one day to four years
7.50 per cent for four years one day to five years
7.50 per cent for five years one day to 10 years
Suryoday SFB
Suryoday SFB offers seniors up to 7.90 per cent after the latest rate revision. Earlier, the bank offered a maximum of 8.00 per cent. For seniors, now the FD rates are:
7.45 per cent for one year
7.45 per cent for one year to less than 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
7.90 per cent for five years
7.45 per cent for above five years to 10 years
The rates are effective from February 2, 2026.
