Senior citizens fixed deposit rates: List of 13 banks offering the highest FD returns

Bank fixed deposits (FDs) remain one of the safest and most reliable investment options, especially for senior citizens who are looking for a steady income.

For senior citizens who depend on fixed deposit interest after retirement, getting the highest return is very important.

FD rates for senior citizens offered by public sector and private banks

Among the larger, well-established banks, SBI offers 7.05% for 5 to 10-year deposits effective 15 July 2025, while ICICI Bank provides 7.20% for 5 to 10 years and matches this rate for its 5-year tax saver FD as of 21 November 2025.

HDFC Bank offers 7.10% for deposits of 18 to less than 21 months (effective 25 June 2025), and Bank of Baroda provides 7.00% for tenures above 1 year up to 10 years (effective 12 September 2025).

PNB also offers 7.00% for 5-year deposits effective 1 September 2025. Among private sector banks, Axis Bank stands out with the highest 5-year rate at 7.35%, while Kotak Bank offers 7.20% for deposits between 391 days and less than 2 years (effective 21 November 2025).

FD rates for senior citizens offered by Small Finance Banks

Small Finance Banks continue to lead the market with higher returns. AU Small Finance Bank provides 7.60% for deposits from 24 months 1 day to 36 months (effective 3 July 2025). ESAF Small Finance Bank offers rates ranging from 7.60% to 8.10% for a 444-day tenure (effective 18 June 2025), and Suryoday Small Finance Bank provides 8.10% for a 5-year term (effective 8 October 2025).

Jana Small Finance Bank offers 8.00% for deposits between 2 and 5 years (effective 18 November 2025). Other notable SFB offerings include Unity Small Finance Bank with 7.25% for 501 days to 5 years (effective 19 August 2025), and Slice Small Finance Bank offering 7.75% for a very short 18-month 1 day to 18 months 2 days period (effective 17 September 2025).