Summary of this article
City Union Bank, IDFC FIRST Bank and Kotak Mahindra Bank have revised fixed deposit rates this week.
Senior citizens can avail of the highest rate of 7.50 per cent.
IDFC FIRST offers the top rate after a 20 bps cut, while Kotak has hiked select tenures and City Union provides special slabs, including higher rates for super senior citizens above 80 years.
Three banks, including City Union Bank, IDFC FIRST Bank, and Kotak Mahindra Bank, revised fixed deposit (FD) rates during the week ended on April 18, 2026. Seniors can avail of the highest deposit rate of 7.50 per cent following the revision. Here are the details of the revised deposit rates for senior citizens (60 years and above).
City Union Bank
City Union Bank’s new FD rates became effective from April 15, 2026. Following the revision, the bank offers a maximum of 7.25 per cent to seniors for ‘400 days’ tenure. For super senior citizens (80 years and above), the bank offers an even higher deposit rate, 7.25 per cent for the same tenure. Here are the details of interest rates for seniors and super seniors:
For Senior Citizens:
6.75 per cent for 365 days to 399 days
7.25 per cent for 400 days
6.90 per cent for 401 days to 500 days
6.75 per cent for 501 days to three years
6.50 per cent for above three years to 10 years
For Super Seniors:
6.80 per cent for 365 days to 399 days
7.35 per cent for 400 days
6.95 per cent for 401 days to 500 days
6.80 per cent for 501 days to three years
6.60 per cent for above three years to 10 years
IDFC FIRST Bank
IDFC FIRST Bank revised and reduced its FD rates across tenures, effective April 18, 2026. The bank has reduced the highest rate for seniors by 20 basis points (bps), offering them a maximum of 7.50 per cent now compared to 7.70 per cent before the revision. Now, seniors can avail of:
6.75 per cent for one year
6.75 per cent for one year one day to 370 days
7.25 per cent for 371 days to 499 days
7.50 per cent for 500 days to two years
7.50 per cent for two years one day to three years
7.40 per cent for three years one day to five years
6.25 per cent for five years one day to 10 years
Kotak Mahindra Bank
This private sector bank revised the FD interest rates on April 15, 2026. It has increased the rates by 10 bps for ‘2-3 years’ tenure. The highest rate for seniors is now set at 7.30 per cent. Here are the FD rates for seniors:
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
7.30 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
