Senior Citizens (All Banks) FD Rates (2026) — All Tenures Compared
How the senior citizen FD bonus works across SBI, HDFC, ICICI, Axis, and small finance banks. Below is the latest FD rate card from Senior Citizens (All Banks) for general citizens and senior citizens, across the most common tenures.
Senior Citizens (All Banks) FD Rate Card
| Tenure | General Public | Senior Citizen | Min Amount |
|---|---|---|---|
| 7 days to 14 days | 3.50% | 4.00% | ₹1,000 |
| 15 days to 45 days | 4.50% | 5.00% | ₹1,000 |
| 46 days to 90 days | 5.50% | 6.00% | ₹1,000 |
| 91 days to 6 months | 6.00% | 6.50% | ₹1,000 |
| 6 months to 1 year | 6.50% | 7.00% | ₹1,000 |
| 1 year to 2 years | 6.50% | 7.00% | ₹1,000 |
| 2 years to 3 years | 6.50% | 7.00% | ₹1,000 |
| 3 years to 5 years | 6.50% | 7.00% | ₹1,000 |
| 5 years (Tax Saver) | 6.50% | 7.00% | ₹1,000 (max ₹1.5L) |
Rates above are illustrative for Senior Citizens (All Banks) as of August 2026. Confirm on the bank's site — rates change every quarter.
How to Open an FD with Senior Citizens (All Banks)
- Online: Log into Senior Citizens (All Banks) net banking or app. Open FD → select tenure and amount → confirm. FD receipt is instant.
- Branch: Visit any branch with PAN card + Aadhaar + a cheque for the deposit amount. FD receipt issued same day.
- Via YONO / iMobile / Axis Mobile: All major banks now let you open FDs directly from their mobile app in under 5 minutes.
Senior Citizen Bonus
Senior Citizens (All Banks) offers an extra 0.50% per annum on FDs opened by senior citizens (60+ years). For an ₹5 lakh FD over 5 years at 6.5%, that's ~₹13,000 extra interest over the tenure vs a non-senior-citizen FD.
Senior citizens also get a higher TDS threshold (₹50,000/year of interest vs ₹40,000 for others). Submit Form 15G/H (whichever applies) to avoid TDS.
Premature Withdrawal Rules
Senior Citizens (All Banks) FDs allow premature withdrawal but with a penalty of 1% on the contracted rate. Example: if you open a 1-year FD at 6.5% and withdraw after 9 months, you'll earn 5.5% (6.5% – 1%) for the actual period, not 6.5%.
Tax-saver FDs (5-year lock-in) cannot be withdrawn prematurely except in case of death of the depositor. Plan accordingly.
Is Senior Citizens (All Banks) Safe for FDs?
For deposits up to ₹5 lakh per depositor, Senior Citizens (All Banks) is covered by DICGC (Deposit Insurance and Credit Guarantee Corporation). Above ₹5 lakh, split across multiple banks. Across Banks — credit quality, capital adequacy, and RBI supervision make this a low-risk FD for most Indian savers.
When Senior Citizens (All Banks) FD Is Not the Best Choice
- You want the highest possible rate — consider small finance banks (Ujjivan 8%, Shriram Finance 8.5%) instead.
- You want monthly income — most banks allow monthly interest payout (non-cumulative FD) at slightly lower rate. Compare cumulative vs non-cumulative before booking.
- You have over ₹5 lakh — split across 2–3 banks for full DICGC insurance.
FAQ
What is the highest FD rate at Senior Citizens (All Banks)?
For general public, Senior Citizens (All Banks)'s highest is currently 6.5% for 1–5 year tenures. Senior citizens get up to 7%.
Can I open an Senior Citizens (All Banks) FD without an account?
Yes — most banks let you open an FD with just PAN + Aadhaar, even without an active savings account with them.
Is Senior Citizens (All Banks) FD interest taxable?
Yes — fully taxable as "Income from Other Sources". Banks deduct TDS at 10% if interest exceeds ₹40,000/year (₹50,000 for seniors).
How is the interest paid?
Two options: cumulative (compound interest paid at maturity) or non-cumulative (interest paid monthly/quarterly). Most users prefer cumulative for max returns.
Indicative rates for Senior Citizens (All Banks) as of August 2026. Bank may revise quarterly. Not financial advice.