Senior citizen FD rates: These banks offer up to 8.50% interest on 5-year deposits
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How much interest can Rs 10 lakh earn in 5 years?
Senior citizens often prefer fixed deposits (FDs) for stable returns and to fund their regular expenses after retirement. Five-year FDs can offer attractive interest rates without exposing investments to market risks.
For example, a Rs 10 lakh investment at 8.50% interest can earn approximately Rs 5.22 lakh in interest over five years, taking the maturity amount to around Rs 15.22 lakh. Here are the highest five-year senior citizen FD rates offered by small finance, private and public sector banks.
For example, a Rs 10 lakh investment at 8.50% interest can earn approximately Rs 5.22 lakh in interest over five years, taking the maturity amount to around Rs 15.22 lakh. Here are the highest five-year senior citizen FD rates offered by small finance, private and public sector banks.
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Small finance banks offer some of the highest 5-year FD rates
Small finance banks offer some of the most competitive FD interest rates for senior citizens.
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Highest 5-year senior citizen FD rates from private banks
Among private sector banks, DCB Bank offers 8% interest on five-year senior citizen FDs, followed by SBM Bank India and YES Bank at 7.5% each.
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Highest 5-year senior citizen FD rates from public sector banks
Among public sector banks, SBI offers the highest five-year senior citizen FD rate at 7.05%, followed by Bank of Baroda at 6.90%. Source: Paisabazaar; interest rate data as on October 28, 2026.
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What should senior citizens check before investing in an FD?
Before investing, senior citizens should compare the interest rate, maturity amount, deposit tenure, and payout options. They should also check the bank's deposit terms and conditions before committing their money.