Summary of this article
· Punjab and Sind Bank and Jana Small Finance Bank revise FD rates up to 8 per cent for senior citizens
· Rates revised following RBI's unchanged repo rate as of October 1, 2025
· Senior citizens can benefit from prevailing FD rates amid economic changes
Two banks revised their fixed deposit (FD) interest rates while the Reserve Bank of India (RBI) kept the repo rate unchanged in the monetary policy committee (MPC) meeting on October 1, 2025. While experts expected a rate cut, and two out of six members in the MPC voted to change the stance to ‘accommodative’, the central bank maintained the ‘neutral’ stance. Now, with no rate cut, the deposit rates on FDs may not decrease as fast as they would have had the repo rate changed.
According to Vikas Garg, Head – Fixed Income, Invesco Mutual Fund, “A dovish pause after the previous two hawkish policies, and this time, the market was not surprised. The further sharp moderation in the inflation trajectory has opened the door for a rate cut, possibly the last one in this cycle. This dovish tilt will boost expectations of a rate cut in the next monetary policy meeting and should help improve market sentiment. Currently elevated market yields, combined with low running inflation, offer a favourable risk-reward profile for investors.”
Amid expectations of a rate cut in the next MPC meeting and an unchanged repo rate now, one may check FD rates before a further decline. Here are the FD rates for senior citizens (60 years and above) of banks that revised the FD interest during the week ended on October 3, 2025.
Punjab And Sind Bank
This nationalised bank revised its FD rates on October 1, 2025. It revised rates downward by 5-10 bps for certain tenures. The bank offers senior citizens a maximum of 7.10 per cent interest, including the additional 0.50 per cent (50 basis points - bps). Seniors can avail of:
• 6.50 per cent for one year
• 6.25 per cent for more than one year to 374 days
• 7.05 per cent for 375 days
• 6.25 per cent for 376 days to 443 days
• 7.10 per cent for 444 days
• 6.50 per cent for 445 days to 22 months
• 6.60 per cent for 22 months (PSB Green Earth)
• 6.50 per cent for more than 22 months to less than two years
• 6.60 per cent for two years to 776 days
• 6.65 per cent for 777 days
• 6.50 per cent for 778 days to 998 days
• 6.60 per cent for 999 days
• 6.60 per cent for 1000 days to less than three years
• 6.50 per cent for three years to less than 44 months
• 6.60 per cent for 44 months (PSB Green Earth)
• 6.50 per cent for more than 44 months to five years
• 6.60 per cent for five years
• 6.50 per cent for more than five years to less than 66 months
• 6.60 per cent for 66 months (PSB Green Earth)
• 6.50 per cent for more than 66 months to 10 years
Super senior citizens (80 years and above) can avail of even higher rates, an additional 15 bps over these rates for special tenures, including 375 Days, 444 Days, 777 Days, 999 Days, and PSB Green Earth FDs for 22 months, 44 months, 66 months.
Jana Small Finance Bank
This small finance bank offers senior citizens up to 8.0 per cent. The bank revised its tenures as well, after changing the rates last on September 22, 2025. Here are the rates for seniors:
• 7.75 per cent for 181 days to 365 days
• 7.95 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
• 8.00 per cent for five years (1825 days)
• 7.00 per cent for more than five years to 10 years
The revised interest rates are effective from October 4, 2025.
All these rates are for callable FDs (that can be withdrawn prematurely) of less than Rs 3 crore.
