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Indian bank and government fixed deposit interest rates

Updated 6 times since CLSTR started tracking revisions of this situation.

What changed

2026-09-05 04:57 UTC → 2026-10-05 14:16 UTC · added removed

Indian banking institutions continue to offer diverse fixed deposit schemes, with significant variations between small finance banks and major public sector lenders. Small finance banks remain highly competitive for senior Senior citizens aged (aged 60 and above. While major public and private sector banks above) remain a primary focus, typically offer rates between 7.00% and 7.75%, several scheduled receiving an additional interest rate of 0.25% to 0.75% above standard rates, in accordance with RBI guidelines. Small Finance Banks finance banks (SFBs) continue to lead the market with the most competitive yields to assist retirees in managing inflation. Several scheduled SFBs are providing even higher returns. returns as high as 8.50% per annum. Unity Small Finance Bank offers up to 8.50% per annum this rate for special tenures of 501 and 1001 days, while Shivalik Small Finance Bank provides 8.50% for durations between 23 and 27 months. Utkarsh Small Finance Bank offers rates between 8.25% and 8.50% for tenures ranging from 666 days to 3 years. Other notable rates for senior citizens competitive providers include Suryoday Small Finance Bank, Jana Small Finance Bank at 8%, Ujjivan Small Finance Bank at 7.70%, and Equitas Small Finance Bank at 7.50%, Bank. In contrast, major public and AU Small Finance private sector banks offer comparatively lower rates. While major lenders typically provide rates between 7.00% and 7.75%, institutions like ICICI Bank at 7.25%. offer up to 7.10% for senior citizens depending on tenure and deposit amount. Public sector lenders are increasingly utilizing specialized tenures, such as 444-day schemes. Central Bank of India leads this segment with a 6.75% annual interest rate for general customers. India, Punjab National Bank (PNB) offers 6.60% for general customers Bank, and up to 7.40% for very senior citizens. Indian Overseas Bank provides a 6.60% rate, while Canara Bank offers 6.50% for the general public and 7.00% for senior citizens. UCO Bank maintains a continue to utilize specialized tenures, such as 444-day scheme schemes, with rates between generally ranging from 6.45% and 6.95%. to 7.40%. Beyond banking, the Government of India offers the Senior Citizen Savings Scheme (SCSS) for the 2026 financial year, providing a guaranteed 8.2% per annum for individuals aged 60 annum. Financial experts advise investors to consider liquidity, premature withdrawal penalties, taxation, and above. DICGC insurance limits when selecting options.

Versions

  1. 2026-10-05 14:16 UTC Indian bank and government fixed deposit interest rates
  2. 2026-09-05 04:57 UTC Indian bank and government fixed deposit interest rates
  3. 2026-08-29 05:35 UTC Indian bank and government fixed deposit interest rates
  4. 2026-08-26 09:31 UTC Indian bank and government fixed deposit interest rates
  5. 2026-08-23 04:19 UTC Indian bank fixed deposit interest rates
  6. 2026-08-20 07:01 UTC Indian bank fixed deposit interest rates
  7. 2026-08-17 02:38 UTC Indian bank fixed deposit interest rates

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