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4 banks revise fixed deposit interest rates in November: HDFC, ICICI, PNB, IOB; which offers the highest rate to senior citizens?
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7 min read | Updated on November 12, 2026, 10:24 IST
SUMMARY
For senior citizens, the fixed deposit interest rate ceiling now ranges from 7.20% at HDFC Bank and ICICI Bank to 7.30% at PNB, where super senior citizens can earn 7.55%.
Several banks have revised FD rates after RBI's repo rate hike last month. | Representational image/Shutterstock
For senior citizens, the ceiling now ranges from 7.20% at HDFC Bank and ICICI Bank to 7.30% at PNB, where super senior citizens can earn 7.55%.
HDFC Bank fixed deposit interest rates (effective November 4, 2026)
| Tenure Bucket (< ₹3 Crore) | Interest Rate (p.a.) | Senior Citizen Rate (p.a.) |
|---|---|---|
| 7-14 days | 2.75% | 3.25% |
| 15-29 days | 2.75% | 3.25% |
| 30-45 days | 3.25% | 3.75% |
| 46-60 days | 4.25% | 4.75% |
| 61-89 days | 4.75% | 5.25% |
| 90 days to ≤ 6 months | 4.75% | 5.25% |
| 6 months 1 day to ≤ 9 months | 5.65% | 6.15% |
| 9 months 1 day to < 1 year | 5.90% | 6.40% |
| 1 year to < 15 months | 6.25% | 6.75% |
| 15 months to < 18 months | 6.35% | 6.85% |
| 18 months to < 21 months | 6.50% | 7.00% |
| 21 months to 2 years | 6.50% | 7.00% |
| 2 years 1 day to < 2 years 11 months | 6.55% | 7.05% |
| 2 years 11 months (35 months) | 6.55% | 7.05% |
| 2 years 11 months 1 day to ≤ 3 years | 6.55% | 7.05% |
| 3 years 1 day to < 4 years 7 months | 6.60% | 7.20% |
| 4 years 7 months (55 months) | 6.60% | 7.20% |
| 4 years 7 months 1 day to ≤ 5 years | 6.60% | 7.20% |
| 5 years 1 day to 10 years | 6.60% | 7.10% |
ICICI Bank fixed deposit interest rates (effective November 11, 2026)
| Tenure | General Citizen | Senior Citizen |
|---|---|---|
| 7 to 45 Days | 2.75% | 3.25% |
| 46 to 90 Days | 4.00% | 4.50% |
| 91 to 184 Days | 4.50% | 5.00% |
| 185 Days to < 1 Year | 5.50% | 6.00% |
| 1 Year to < 18 Months | 6.25% | 6.75% |
| 18 Months to 2 Years | 6.30% | 6.80% |
| 2 Years 1 Day to 3 Years | 6.55% | 7.05% |
| 3 Years 1 Day to 5 Years | 6.60% (Highest) | 7.20% (Highest) |
| 5 Years 1 Day to 10 Years | 6.60% (Highest) | 7.10% |
| 5Y (Tax Saver FD) | 6.60% (Highest) | 7.20% (Highest) |
PNB Fixed Deposit interest rates (effective November 5, 2026)
| Sl. No. | Period | Public Rate (%) | Senior Citizen Rate (%) | Super Senior Citizen Rate (%) |
|---|---|---|---|---|
| 1 | 7 to 14 Days | 3.00 | 3.50 | 3.75 |
| 2 | 15 to 45 Days | 3.00 | 3.50 | 3.75 |
| 3 | 46 to 90 Days | 5.50 | 6.00 | 6.25 |
| 4 | 91 to 179 Days | 5.75 | 6.25 | 6.50 |
| 5 | 180 to 270 Days | 6.00 | 6.50 | 6.75 |
| 6 | 271 Days to 302 Days | 6.00 | 6.50 | 6.75 |
| 7 | 303 Days | 5.95 | 6.45 | 6.70 |
| 8 | 304 Days to < 1 Year | 6.00 | 6.50 | 6.75 |
| 9 | 1 Year | 6.25 | 6.75 | 7.00 |
| 10 | > 1 Year to 443 Days | 6.30 | 6.80 | 7.05 |
| 11 | 444 Days | 6.70 | 7.20 | 7.45 |
| 12 | 445 Days to 679 Days | 6.30 | 6.80 | 7.05 |
| 13 | 680 Days | 6.80 | 7.30 | 7.55 |
| 14 | 681 Days to 2 Years | 6.30 | 6.80 | 7.05 |
| 15 | > 2 Years to 3 Years | 6.30 | 6.80 | 7.05 |
| 16 | > 3 Years to 1203 Days | 6.35 | 6.85 | 7.10 |
| 17 | 1204 Days | 6.30 | 6.80 | 7.05 |
| 18 | 1205 Days to 5 Years | 6.35 | 6.85 | 7.10 |
| 19 | > 5 Years to 10 Years | 6.00 | 6.75 | 6.75 |
PNB pays senior citizens 50 bps above the card rate for tenures up to five years and 75 bps extra for deposit above 5 years. Super senior citizens (80 years and above) get up to 75 bps more across all tenures, taking the peak to 7.55% on the 680-day deposit.
Indian Overseas Bank fixed deposit rates (effective November 10, 2026)
| Period of Deposits | Existing Rates below ₹3 Crore (w.e.f. 15.05.2026) | Revised Rates below ₹3 Crore (w.e.f. 10.11.2026) | Non-Callable Deposits (w.e.f. 11.06.2026) | Non-Callable Deposits (w.e.f. 10.11.2026) |
|---|---|---|---|---|
| 7-14 Days* | 3.50% | 3.50% | - | - |
| 15-29 Days | 3.50% | 3.50% | - | - |
| 30-45 Days | 3.50% | 3.50% | - | - |
| 46-60 Days | 4.00% | 4.00% | - | - |
| 61-90 Days | 3.00% | 3.00% | - | - |
| 91-120 Days | 3.50% | 3.50% | 3.60% | 3.60% |
| 121-179 Days | 2.90% | 2.90% | 3.00% | 3.00% |
| 180-269 Days | 4.75% | 4.50% | 4.85% | 4.60% |
| 270 Days to < 1 Year | 5.50% | 5.50% | 5.60% | 5.60% |
| 1 Year | 6.50% | 6.50% | 6.60% | 6.70% |
| > 1 Year to < 2 Years (Except 444 Days) | 6.40% | 6.40% | 6.50% | 6.60% |
| 444 Days | 6.60% | 6.75% | 6.75% | 6.85% |
| 2 Years to < 3 Years | 6.40% | 6.40% | - | - |
| 3 Years and Above | 6.10% | 6.10% | - | - |
5 things FD rate revisions convey
First, the long end has converged. HDFC Bank and ICICI Bank both now pay 6.60% from three years all the way to 10 years to general citizens. So, stretching the tenure no longer earns a premium. HDFC Bank's 5-to-10-year rate has jumped 45 bps to 6.60%.
Second, PNB's 680-day bucket at 6.80% is the highest general-citizen rate among the four banks, ahead of its own 444-day rate of 6.70% and IOB's 6.75%.
Third, short-tenure gaps are wide. On a 46-90 day deposit, PNB pays 5.50% rate while HDFC Bank pays 4.25% and ICICI Bank 4.00%.
Fourth, IOB has moved in the opposite direction: it raised the 444-day rate by 15 bps to 6.75% but cut 180-269 days from 4.75% to 4.50%. Its 121-179 day FD bucket still pays only 2.90%, less than its own 61-90 day rate.
Fifth, for senior citizens the best in this set is PNB at 7.30%, with 7.55% for those above 80. HDFC Bank and ICICI Bank top out at 7.20% and IOB at 7.25%, or 7.50% for super seniors.
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