Check new FD rates for senior citizens at these 4 banks offering higher interest rates.

Senior Citizens Highest FD Rates

• Most banks offer higher fixed deposit (FD) interest rates to senior citizens.
• Super senior citizens can enjoy even higher interest rates.
• Increased rates range from 0.50 to 0.75 basis points (bps).

RBL Bank Super Senior Citizen Fixed Deposit

Senior citizens between 60 and 80 years old earn an extra 0.50% p.a. in interest. Super senior citizens aged 80 and above receive an additional interest rate of 0.25% p.a. higher than senior citizens. Currently, RBL Bank offers super senior citizens an interest rate of 8.55% and senior citizens an interest rate of 8.30%.

Union Bank of India Super Senior Citizen Fixed Deposits

Union Bank of India offers a 0.75% higher interest rate to super senior citizens compared to senior citizens. Senior citizens can earn an interest rate of 7.50%, while super senior citizens can enjoy an interest rate of 7.75%.

PNB Super Senior Citizen Fixed Deposits

PNB offers an additional rate of interest of 80bps to super senior citizens aged 80 years and above. This rate is applicable across all maturity buckets. The highest interest rate offered to senior citizens is 8.10% on a tenure of 444 days.

Indian Bank Super Senior Citizen Fixed Deposits

Indian Bank offers a special term deposit account called “IB ★Golden Ager” for super senior citizens aged 80 years and above. They receive an additional 0.25% higher rate of interest on top of the rate offered to normal senior citizens. The bank offers an interest rate of 8% to super senior citizens and 7.75% to senior citizens.

Note: The interest rates mentioned above are valid as of June 1, 2023, unless stated otherwise.

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