Senior citizen FD interest rates up to 8.30%: This bank has revised rates on 3-year tenure; check other banks' rates

Shriram Finance Limited (SFL) has revised the interest rates on its fixed deposits (FDs), with the new rates coming into effect from July 2, 2026. The revision includes changes across multiple maturity tenures.

Under the revised rates, regular depositors can earn up to 7.50% per annum on FDs with tenures ranging from 36 months to 60 months, up from the earlier rate of 7.25%. Senior citizens (aged 60 years or above at the time of deposit or renewal) continue to receive an additional 0.50 percentage point, getting the effective interest rate of 8% on the same tenure.
Apart from senior citizens, women depositors are also eligible for an additional 0.05 percentage point FD rate, while customers renewing their matured FDs receive an extra 0.15 percentage point over the applicable interest rate.


With the revised rates, Shriram Finance's 8% interest rate for senior citizens on a three- to five-year FD is higher than the rates currently offered by most public and private sector banks for a similar tenure.

Here's a comparison of three-year FD interest rates for senior citizens across banks.

SGB Tranche	Issue Date	Premature Redemption Date	Redemption Request Window
2018-19 Series IV	1-Jan-19	1-Jul-26	May 30, 2026 to June 22, 2026
2020-21 Series IX	5-Jan-21	4-Jul-26	June 4, 2026 to June 24, 2026
2020-21 Series IV	14-Jul-20	14-Jul-26	June 12, 2026 to July 4, 2026
2019-20 Series II	16-Jul-19	16-Jul-26	June 15, 2026 to July 6, 2026
2020-21 Series X	19-Jan-21	18-Jul-26	June 18, 2026 to July 8, 2026
2021-22 Series IV	20-Jul-21	20-Jul-26	June 19, 2026 to July 10, 2026
2019-20 Series VIII	21-Jan-20	21-Jul-26	June 20, 2026 to July 13, 2026
2018-19 Series V	22-Jan-19	22-Jul-26	June 20, 2026 to July 13, 2026

Source- Stable Money

Note: For banks/NBFCs that do not offer a specific 3-year special tenure, the rates shown are the applicable senior citizen 3-year FD rates from the data provided.