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Personal Finance News

Senior citizen FD rates in November 2026: These banks offer up to 8.60% interest on fixed deposits

image Sangeeta Ojha
By Sangeeta Ojha

3 min read | Updated on November 09, 2026, 09:25 IST

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SUMMARY

Senior citizens can earn up to 8.60% interest on fixed deposits in November 2026. Compare the latest FD rates offered by small finance banks and major banks.

Senior citizen FD rates in November 2026

The latest FD rates offered by small finance banks and major banks in November 2026. | Image: Shutterstock.

Senior citizens looking for stable returns on their savings have several fixed deposit (FD) options to consider in November 2026. While large banks such as State Bank of India (SBI), HDFC Bank and ICICI Bank offer relatively predictable returns, small finance banks are offering higher interest rates on selected deposit tenures.
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Suryoday Small Finance Bank is currently offering the highest rate of up to 8.60% per annum to senior citizens on a five-year fixed deposit. Utkarsh Small Finance Bank is offering up to 8.50% on a special tenure of 666 days. Jana Small Finance Bank and Shivalik Small Finance Bank are also offering competitive rates.

Here is a look at the latest senior citizen FD interest rates offered by selected banks in November 2026.

Senior citizen FD rates in November 2026

The following table compares the highest available rates for regular depositors and senior citizens at selected banks. The rates apply to specific tenures and are not available across all FD periods.

BankTenureRegular CustomersSenior Citizens
Suryoday Small Finance Bank5 years8.25%8.60%
Utkarsh Small Finance Bank666 days8.10%8.50%
Jana Small Finance Bank3 years8.00%8.30%
Shivalik Small Finance Bank23 months 1 day–27 months8.00%8.25%
Kotak Mahindra Bank2 years–less than 3 years6.80%7.55%
Axis Bank5–10 years6.60%7.35%
Canara Bank555 days6.75%7.25%
HDFC Bank3 years 1 day–5 years6.60%7.20%
ICICI Bank3 years 1 day–5 years6.50%7.20%
SBI5–10 years6.40%7.05%
The Reserve Bank of India (RBI) raised the benchmark repo rate by 25 basis points, from 5.25% to 5.50%, in its October 2026 monetary policy review, marking its first rate hike since February 2023. The move signals a shift towards tighter monetary policy and could benefit fixed deposit investors as banks may gradually increase deposit rates to attract funds and meet their lending requirements.

Following the RBI's decision, several banks and financial institutions have revised their FD interest rates, although the transmission is not immediate or uniform across all banks.

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About The Author

image Sangeeta Ojha
Sangeeta Ojha is a business and finance journalist with experience across leading media platforms like Mint and India Today. She has built a reputation for covering a wide range of personal finance topics, including income tax, mutual funds, insurance, savings and investing.

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