Top 5 Reputed Banks Now Provide with FD rates up to 8.25%; Details are available here.

Seniors receive higher interest rates on deposits than the general population. particularly for Fixed Deposit (FD Rates). Almost all banks provide senior account holders greater interest rates. In recent times, with the hike in the repo rate, the FD rate is experiencing a climb.


  • Seniors might benefit from higher interest rates on FDs that mature in 7 days to 10 years. Even if there isn’t a long-term intent to invest, a two-year FD is still profitable.
  • There are 5 banks that provide Senior Citizens people interest on FDs ranging from 7.50 percent to 8.25 percent.

Yes Bank

Starting on August 10, 2022, the interest rates for Yes Bank FDs will be in effect. To start an FD with Yes Bank, a minimum deposit of Rs 10,000 is required, and reinvestment is permitted for a minimum period of 6 months and 1 day. Seniors who purchase fixed-rate debt from Yes Bank with maturities between 18 months and three years will receive an interest rate of 7.5%.

IndusInd Bank

Beginning on August 12, 2022, IndusInd Bank’s FD rate will be in effect. Senior folks receive 7.50 percent interest on FDs under 2 crores and FDs maturing in less than 2 years from 1 year 7 months. On FDs from 2 years 6 months to 2 years 9 months, from 2 years 9 months to less than 3 years, from less than 3 years to 61 months, and from more than 61 months, the same rate is also offered.

Bandhan Bank

With effect from August 22, 2022, Bandhan Bank’s FD rate has changed. On retail accounts with less than Rs 2 crore, the advantage of the revised rates is being offered. Senior people who have FDs maturing in more than 18 months but less than 2 years would receive 7.50 percent interest from Bandhan Bank. FDs with tenures between 2 and 3 years and 3 and more than 5 years are also offered at the same cost.

Jan Small Finance Bank

From June 15, 2022, Jana Small Finance Bank’s revised FD rates will be in effect. On deposits under Rs. 2 crore, the benefit of the increased rates is being offered. Senior folks can receive interest at a rate of 8.05 percent from Jana Small Finance Bank. Senior citizens who purchase FDs with maturities between one and two years receive interest at a rate of 8.05 percent.

Utkarsh Small Finance Bank is number

On August 12, 2022, Utkarsh Small Finance Bank modified the FD rate. Both new and old FDs are subject to the increased rates. For elderly adults, this bank offers fixed-rate deposits (FDs) with terms of 2 years or 730 days and 8.25 percent interest. The general public receives 7.50 percent interest on FDs, while elderly persons receive 8.25 percent.

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