{
  "id": 17346670,
  "title": "Up to 8.5% 5-year senior citizen FD rates",
  "url": "https://urgent.news/2026/10/31/up-to-8-5-5-year-senior-citizen-fd-rates",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-31T04:04:39.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/wealth/invest/highest-5-year-senior-citizen-fd-interest-rates-sbi-pnb-bank-of-baroda-yes-axis-dcb-and-more-maturity-on-rs-10-lakh-investment/articleshow/135386490.cms"
  },
  "original_language": "en",
  "account": "Senior citizens often seek fixed deposits (FDs) for a steady income stream during their golden years. To maximize returns, many prefer FDs with the highest interest rates, avoiding market volatility. FDs come with tenures ranging from 7 days to 10 years, with returns determined by the locked-in interest rate at the investment time. For instance, a senior citizen investing Rs 10 lakh in a 5-year FD at an 8.5% rate would earn about Rs 5.22 lakh in interest, resulting in a maturity amount of approximately Rs 15.22 lakh.\n\nSmall finance banks stand out for offering notably high FD rates to senior citizens. Among these, Suryoday Small Finance Bank provides an 8.50% rate, generating an estimated Rs 5,22,000 in interest on a Rs 10 lakh investment. Other notable rates include Jana Small Finance Bank at 8.00%, Ujjivan Small Finance Bank at 7.70%, Equitas Small Finance Bank at 7.50%, slice Small Finance Bank at 7.50%, Utkarsh Small Finance Bank at 7.50%, and many others at 7.50%.\n\nPrivate sector banks also offer competitive rates. DCB Bank leads with an 8.00% interest rate on its 5-year senior citizen FD, followed by SBM Bank India and YES Bank at 7.50% each. This is slightly lower than the small finance banks but still attractive for senior citizens. Private banks like Axis Bank, Jammu & Kashmir Bank, ICICI Bank, RBL Bank, and Tamilnad Mercantile Bank provide rates around 7.20% to 7.25%.\n\nPublic sector banks are not far behind. The State Bank of India (SBI) offers the highest rate for senior citizens at 7.05%. Bank of Baroda follows closely at 6.90%. Other public sector banks like Punjab National Bank, Bank of India, Canara Bank, Indian Overseas Bank, and a few others provide rates between 6.60% and 6.90%. Senior citizens must scrutinize the maturity amount and deposit terms across these banks before investing in an FD.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}