Summary of this article
Bank of India and Jana Small Finance Bank revised fixed deposit rates for senior citizens during this week.
Seniors can avail of more than 8 per cent interest in some tenures.
Deposits with both scheduled banks and small finance banks are secure under Deposit Insurance and Credit Guarantee Corporation (DICGC) up to Rs 5 lakh.
Two banks, including Bank of India (BoI) and Jana Small Finance Bank (SFB), revised fixed deposit (FD) rates. The revised rates that became effective on different dates during the week ending on May 23, 2026, offer up to 8.11 per cent to senior citizens, including the additional interest rate available to them. Amid a volatile market, ongoing uncertainty, and unstable geopolitical conditions, guaranteed income provides certainty of return or cash flow.
Let’s check the FD rates that have been revised this week.
Bank Of India (BOI)
The public sector bank revised FD interest rates on May 18, 2026. It offers senior citizens (60 years and above) the highest 7.45 per cent, and to super senior citizens (80 years and above) 7.60 per cent. Note that the bank offers additional rates in two slabs to seniors.
More than six months to less than three years:
For seniors, it offers an additional 0.50 per cent (50 basis points – bps) over the card rates (the rates for the general public)
For super seniors, it offers an additional 0.65 per cent (65 bps) over the card rates.
More than three years to 10 years:
For seniors, an additional 0.75 per cent (75 bps) over the card rates
For super seniors, an additional 0.90 per cent (90 bps) over the card rates
Here are the FD rates for them after revision on May 18, 2026.
For Senior Citizens:
7.00 per cent for one year
7.00 per cent for above one year to less than two years
7.10 per cent for two years to less than three years
7.45 per cent for three years
7.00 per cent for above three years to less than five years
6.75 per cent for five years to less than eight years
6.75 per cent for eight years and above to 10 years
For Super Senior Citizens:
7.15 per cent for one year
7.15 per cent for above one year to less than two years
7.25 per cent for two years to less than three years
7.60 per cent for three years
7.15 per cent for above three years to less than five years
6.90 per cent for five years to less than eight years
6.90 per cent for eight years and above to 10 years
Jana Small Finance Bank (SFB)
This SFB revised FD rates on May 19, 2026. The highest rate after revision is 8.11 per cent for seniors. The bank has revised its FD tenures, removed some, and added others. For instance, it has added several tenures between 366 days and two years. The bank offers additional rates of 50 bps to seniors only on certain tenures (271 days to 365 days, 366 days to 369 days, 381 days to less than two years and six months, More than two years and six months to three years (1095 days), and More than five years to 10 years).
Here is the list of Jana SFB FD interest rates for seniors:
7.50 per cent for 271 days to 365 days
8.00 per cent for 366 days to 369 days
8.11 per cent for 370 days to 380 days
8.00 per cent for 381 days to less than two years and six months
8.00 per cent for two years and six months (914 days)
8.00 per cent for more than two years and six months 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
All these FD rates are for callable FDs of up to Rs 3 crore.
