{
  "id": 956777,
  "title": "FD rate up to 8.05% for senior citizens",
  "url": "https://urgent.news/2026/08/15/fd-rate-up-to-8-05-for-senior-citizens",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-15T04:21:54.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/wealth/invest/fd-rate-up-to-8-05-for-senior-citizens-investing-for-five-years-know-list-of-banks/articleshow/133255561.cms"
  },
  "original_language": "en",
  "account": "The fixed deposit (FD) interest rate for senior citizens has reached 8.05% for a five-year term in some banks. Suryoday Small Finance Bank is one such bank, offering this rate on FDs up to Rs 3 crore. Other banks like Jana Small Finance Bank and AU Small Finance Bank provide rates of 8% and 7.25% respectively for senior citizens investing in FDs with a term of five years. AU Small Finance Bank, Equitas Small Finance Bank, ESAF Small Finance Bank, Shivalik Small Finance Bank, slice Small Finance Bank, Ujjivan Small Finance Bank, and Utkarsh Small Finance Bank also offer FD rates of 7.25%, 7.50%, 6.75%, 6.25%, 7.70%, and 7.50% respectively for senior citizens. However, the Reserve Bank of India's Deposit Insurance Credit Guarantee Corporation (DICGC) insures deposits in small finance banks up to Rs 5 lakh. Experts advise senior citizens to limit their exposure to small finance bank FDs to an amount within this coverage to protect their principal and interest in unforeseen circumstances.",
  "summary": null,
  "key_points": [
    "FD interest rate for senior citizens reaches 8.05% in some banks",
    "Suryoday Small Finance Bank offers 8.05% on FDs up to Rs 3 crore",
    "DICGC insures deposits in small finance banks up to Rs 5 lakh"
  ],
  "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."
}