Highest 5-year senior citizen FD interest rates: Public vs private sector banks- which offers highest maturity

Fixed deposits (FD) continue to be a popular investment option for many senior citizens looking for stable returns and a regular income. However, FD interest rates vary from one bank to another, making it important to compare offers before investing. If you are planning to lock your money in a 3 or a 5-year fixed deposit scheme, here's a look at the highest senior citizen FD interest rates offered by public and private sector banks .

Highest FD interest rates on 3-year FD by private sector banks

Among private sector banks, Bandhan Bank, IndusInd Bank, and YES Bank are offering the highest 3-year FD interest rate at 7.75% each to senior citizens, followed by RBL Bank at 7.70% and IDFC FIRST Bank and SBM Bank India at 7.60%.

Rank	Bank	Senior Citizen FD Interest Rate
1	Bandhan Bank	7.75%
1	IndusInd Bank	7.75%
1	YES Bank	7.75%
4	RBL Bank	7.70%
5	IDFC FIRST Bank	7.60%
5	SBM Bank India	7.60%

Highest interest rates on 5-year FD by private sector banks

For 5-year fixed deposits, DCB Bank tops the list with an interest rate of 8.00%, while SBM Bank India and YES Bank offer a 7.50% each. Jammu & Kashmir Bank provides 7.35%, Axis Bank offers 7.25%, and RBL Bank and Tamilnad Mercantile Bank offer a 7.20% rate each.

Rank	Bank	5-Year Senior Citizen FD Interest Rate
1	DCB Bank	8.00%
2	SBM Bank India	7.50%
2	YES Bank	7.50%
4	Jammu & Kashmir Bank	7.35%
5	Axis Bank	7.25%

Highest interest rates on 3-year FD by public sector banks

Among public sector banks, Bank of India offers the highest 3-year FD interest rate at 7.45% to senior citizens, followed by Punjab National Bank (PNB) and State Bank of India (SBI) at 6.80% each. Bank of Baroda and Canara Bank offer 6.75% apiece, while Union Bank of India and Indian Overseas Bank provide 6.60% each.

Rank	Bank	3-Year Senior Citizen FD Interest Rate
1	Bank of India	7.45%
2	Punjab National Bank (PNB)	6.80%
2	State Bank of India (SBI)	6.80%
4	Bank of Baroda	6.75%
4	Canara Bank	6.75%

Highest interest rates on 5-year FD by public sector banks

For 5-year fixed deposits, SBI leads with an interest rate of 7.05%, followed by Bank of Baroda at 6.90% and PNB at 6.85%. Bank of India and Canara Bank offer 6.75% each, while Indian Bank, Union Bank of India, Indian Overseas Bank, and Central Bank of India offer rates between 6.50% and 6.60%.

Rank	Bank	5-Year Senior Citizen FD Interest Rate
1	State Bank of India (SBI)	7.05%
2	Bank of Baroda	6.90%
3	Punjab National Bank (PNB)	6.85%
4	Bank of India	6.75%
4	Canara Bank	6.75%

Source- Paisabazaar