Highest 3-year FD interest rates for senior citizens: These banks offer 8% interest rate on fixed deposits

Many senior citizens invest in fixed deposit (FD) schemes to get a fixed income in their retirement phase. That’s why many of them look for options where they can get maximum returns from their deposits. FD interest rates are locked-in at the time of investment, so people know the maturity they will get. For senior citizens who require a steady source of income, knowing the estimated maturity amount in advance is especially crucial. Senior citizens can invest in FDs ranging from 7 days to 10 years. A 3-year FD is one of the options for them.

Check out the tables below that compare the latest 3-year senior citizen FD interest rates offered by small finance banks, private sector banks and public sector undertaking (PSU) banks.

Small Finance Banks 3-year senior citizen FD rates

Among small finance banks, Jana Small Finance Bank and Utkarsh Small Finance Bank are offering the highest interest rate of 8% each. They are followed by AU Small Finance Bank at 7.75% and Ujjivan Small Finance Bank at 7.7%. Equitas Small Finance Bank and slice Small Finance Bank are offering a 7.5% rate each on their 3-year senior citizen FDs.

Small Finance Bank	Interest Rate (%)
Jana Small Finance Bank	8
Utkarsh Small Finance Bank	8
AU Small Finance Bank	7.75
Ujjivan Small Finance Bank	7.7
Equitas Small Finance Bank	7.5
slice Small Finance Bank	7.5
Suryoday Small Finance Bank	7.4
Shivalik Small Finance Bank	7.25
ESAF Small Finance Bank	6.5

Private bank 3-year senior citizen FD interest rates

Among private sector banks, Bandhan Bank and YES Bank are offering the highest interest rate of 7.75% each, followed by RBL Bank at 7.7% and SBM Bank India at 7.6%. IDFC FIRST Bank is offering a 7.5% rate, while IndusInd Bank offers a 7.4% rate. DCB Bank and Federal Bank are offering a 7.25% rate each, followed by Tamilnad Mercantile Bank at 7.2% and Jammu & Kashmir Bank at 7.15%. Axis Bank, HDFC Bank and ICICI Bank are offering a 6.95% interest rate each on their 3-year senior citizen FDs.

Private Sector Bank	Interest Rate (%)
Bandhan Bank	7.75
YES Bank	7.75
RBL Bank	7.7
SBM Bank India	7.6
IDFC FIRST Bank	7.5
IndusInd Bank	7.4
DCB Bank	7.25
Federal Bank	7.25
Tamilnad Mercantile Bank	7.2
Jammu & Kashmir Bank	7.15
Axis Bank	6.95
HDFC Bank	6.95
ICICI Bank	6.95
DBS Bank	6.9
Kotak Mahindra Bank	6.9
IDBI Bank	6.85
City Union Bank	6.75
South Indian Bank	6.7
Karnataka Bank	6.55
CSB Bank	5.9

Public sector bank 3-year senior citizen FD interest rates

Among public sector banks, Bank of India and Standard Chartered Bank are offering the highest interest rate of 7% each. They are followed by Punjab National Bank and State Bank of India at 6.8% each. Bank of Baroda and Canara Bank are offering a 6.75% rate on their respective 3-year senior citizen FDs, while Union Bank of India offers 6.7%. For Indian Overseas Bank, Indian Bank and Central Bank of India, the 3-year senior citizen FD interest rates are 6.6%, 6.55% and 6.5%, respectively

Bank	Interest rate	Senior citizen benefit
Bank of India	7	0.15% on tenures of 180 days to 10 years
Standard Chartered Bank	7	---
Punjab National Bank	6.8	0.30% for tenures up to 5 years
State Bank of India	6.8	0.10% on all tenures
Bank of Baroda	6.75	0.10% on tenures of above 1 year to 5 years
Canara Bank	6.75	0.10% on tenure of 444 days & 555 days
Union Bank of India	6.7	0.25% on all tenures
Indian Overseas Bank	6.6	0.25% on all tenures
Indian Bank	6.55	0.25% on all tenures
Central Bank of India	6.5	---
Punjab & Sind Bank	6.35	0.15% on tenure of 375 days, 444 days, 666 days, 777 days, 999 days & PSB Green Earth (22 months, 44 months, 66 months)
Deutsche Bank	6.25	---
HSBC Bank	5.85	---
Bank of Maharashtra	5.75	---

Source: Paisabazaar.com
Interest rates as of 13th May 2026