Summary of this article
· Punjab and Sind Bank offers seniors up to 7.20 per cent on FDs
· Union Bank's revised rates for seniors include 6.90 per cent for one year
· Jana Small Finance Bank and Unity Small Finance Bank also revise rates
Six banks, including Punjab and Sind Bank, Union Bank of India, Federal Bank, Kotak Mahindra Bank, Jana Small Finance Bank, and Unity Small Finance Bank, revised their fixed deposit (FD) interest rates on August 19, 2025. Senior citizens who look for fixed and steady returns may check these interest rates. Notably, banks have reduced the interest rates between 1 and 2 per cent this year, as a result of the Reserve Bank of India’s (RBI’s) repo rate cut by 1 per cent (100 basis points – bps) this year in consecutive three bi-monthly monetary policy meetings. Here are the revised rates of these six banks.
Punjab And Sind Bank
Punjab and Sind Bank revised its FD rates on August 18, 2025. Senior citizens can avail a maximum of 7.20 per cent, which includes an additional 50 bps over the interest rates available for the general public. The revised interest rates for seniors are:
• 6.50 per cent for one year
• 6.25 per cent for more than one year to 374 days
• 7.15 per cent for 375 days
• 6.25 per cent for 376 days to 443 days
• 7.20 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
For super senior citizens (80 years and above), the Bank offers an additional 15 bps interest. It is available on special tenure FDs of 375 Days, 444 Days, 777 Days, 999 Days, and PSB Green Earth FD of 22 months, 44 months, 66 months tenure.
Union Bank Of India
This Bank revised its FD interest rates on August 20, 2025, and consolidated several tenures. Here are the Union Bank FD interest rates for seniors:
• 6.90 per cent for one year
• 7.00 per cent for more than one year to 996 days
• 6.80 per cent for 997 days
• 7.00 per cent for more than 998 days to less than three years
• 7.10 per cent for three years
• 6.90 per cent for tenures from more than three years to 10 years
Super seniors can avail of an additional 25 bps over these rates.
Federal Bank
Federal Bank revised its FD rates on August 18, and offers seniors the highest 7.20 per cent. Seniors can receive:
• 6.90 per cent for one year
• 7.00 per cent for above one year to 749 days
• 7.10 per cent for 750 days
• 7.00 per cent for 751 days to 998 days
• 7.20 per cent for 999 days
• 7.00 per cent for 1000 days to 10 years
Kotak Mahindra Bank
Seniors can avail of an interest rate of up to 7.10 per cent on FDs with Kotak Bank. The FD interest rates for seniors, effective August 20, 2025, are:
• 6.75 per cent for 365 days to 389 days
• 7.00 per cent for 390 days (12 months 25 days)
• 7.10 per cent for 391 days to less than 23 months
• 7.10 per cent for 23 months
• 7.00 per cent for 23 months 1 day to less than two years
• 6.90 per cent for two years to less than three years
• 6.90 per cent for three years to less than four years
• 6.90 per cent for four years to less than five years
• 6.75 per cent for five years and above to 10 years
Jana Small Finance Bank
Jana Small Finance Bank (SFB) revised FD interest rates on August 21, 2025. For seniors, the Bank offers:
• 7.75 per cent for 181 to 365 days
• 7.75 per cent for more than one year to 383 days
• 7.77 per cent for 384 days
• 7.75 per cent for 385 days to two years (730 days)
• 8.00 per cent for above two years to three years (1095 days)
• 7.75 per cent for above three years to less than five years
• 8.00 per cent for five years (1825 days)
• 7.00 per cent for above five years to 10 years
Unity Small Finance Bank
After revising and reducing FD interest rates on August 19, 2025, Unity Small Finance Bank offers seniors the highest 7.25 per cent. Here are the details for seniors:
• 7.00 per cent for one year
• 7.00 per cent for one year one day
• 7.00 per cent for more than one year, one day to 500 days
• 7.25 per cent for 501 days
• 7.25 per cent for 502 days to 18 months
• 7.25 per cent for more than 18 months to 700 days
• 7.25 per cent for 701 days
• 7.25 per cent for 702 days to 1000 days
• 7.25 per cent for 1001 days
• 7.25 per cent for 1002 days to three years
• 7.25 per cent for more than three years to five years
• 6.50 per cent for more than five years to 10 years
All these Banks’ FD rates are for callable FDs of less than Rs 3 crore.
