Summary of this article
Small finance banks typically offers highest interest rates than public sector and private sector banks.
Over last one year, the interest rates have moved downward.
The FD rates now range between 6.50 per cent 7.70 per cent for senior citizens, with only a few small finance bank offering around 8 per cent interest.
Amid a volatile market, bank fixed deposits (FDs) are the preferred choice to keep the money safe and easily accessible for many people, especially senior citizens. And when the interest rates hover around 8 per cent, it looks well-paying. While markets remain volatile, the safe-haven gold and other precious metals like silver also show unpredictable highs and lows. FDs can offer some respite to those willing to avoid risk. While FD rates have lowered over the past year and range between 6.50 and 7.50 per cent for senior citizens (60 years and above), a few banks still offer them up to 8 per cent. Here are the details for senior citizens.
Jana Small Finance Bank
Jana SFB offers the highest 8.00 per cent interest rate to seniors, which includes the additional 0.50 per cent interest rate available to them. For general citizens (less than 60 years), the highest interest rate is 7.50 per cent. Seniors can avail of:
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
7.77 per cent for more than three years to less than five years
7.77 per cent for five years (1825 days)
7.00 per cent for more than five years to 10 years
These rates are effective from January 10, 2026.
ESAF SFB
Seniors can avail of a maximum of 8.10 per cent with the ESAF SFB, which last revised its FD rates on June 18, 2025. Note that, just like public and private sector banks, deposits with SFBs are secured up to Rs 5 lakh, including savings, current, FD, and recurring accounts, under the Deposit Insurance and Credit Guarantee Corporation (DICGC).
The ESF bank’s FD rates for seniors are:
5.25 per cent for 183 days to one year
7.75 per cent for one year one day to 443 days
8.10 per cent for 444 days
7.75 per cent for 445 days to less than two years
7.75 per cent for two years to less than three years
6.50 per cent for three years to less than five years
6.25 per cent for five years to 10 years
Suryoday SFB
Suryoday SFB revised FD rates on December 3, 2025, and offers seniors the highest 8.00 per cent interest rate. The interest rates for seniors' range between 4.20 per cent and 8.00 per cent across tenures for seniors and for general citizens, between 4.00 per cent and 7.25 per cent. Unlike other banks, Suryday SFB offers seniors an additional 0.20 per cent interest instead of the typical 0.50 per cent.
Here are the FD rates for seniors for one year and onwards:
7.45 per cent for one year
7.45 per cent for above one year to less than 18 months
7.70 per cent for 18 months
7.45 per cent for above 18 months to two years
7.45 per cent for above two years to three years
6.95 per cent for above 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.
Shivalik SFB
Senior citizens can avail the highest 8.00 per cent from Shivalik SFB’s FDs. Here is the detail for seniors:
6.50 per cent for nine months to 12 months
7.25 per cent for 12 months one day to 16 months
7.55 per cent for 16 months one day to 17 months
7.25 per cent for 17 months one day to less than 18 months
7.50 per cent for 18 months to 21 months
8.00 per cent for 21 months one day to 22 months
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
These rates are effective since January 1, 2026. All these rates are for callable FDs of less than Rs 3 crore.
