Senior citizens to get up to 7.40% interest rate on FDs: Federal Bank increases rate; check full list

Federal Bank has increased the additional interest benefit offered to senior citizens on fixed deposits (FDs) from 0.50% to 0.60%. The increased benefit of 10 bps is because the bank has increased the interest rate on FDs of 18 months and two years to less than three years by 10 basis points. The revised FD rates came into effect today (Thursday, November 12, 2026), according to the bank's press release.

Meanwhile, Bank of Baroda has also increased the interest rate on its 555-day special deposit (FD) scheme by 10 basis points (bps). The new BoB FD rates are applicable from today.

Latest Federal Bank FD interest rate for general customers

Federal Bank offers FD interest rates between 3% and 6.80% for a tenure ranging from 7 days to 10 years on deposits below Rs 3 crore. The highest rate of 6.80% is available on deposits of 18 months and two years to less than three years.

Period	Single Deposit Less than ₹300 Lakhs - General Public
7 days to 29 days	3.00%
30 days to 45 days	3.25%
46 days to 90 days	5.00%
91 days to 180 days	5.10%
181 days to 270 days	6.00%
271 days to less than 1 year	6.05%
1 year	6.50%
Above 1 year to less than 18 months	6.55%
18 Months	6.80%
Above 18 months to less than 2 years	6.55%
2 years to less than 3 years	6.80%
3 years to 10 years	6.60%

Latest Federal Bank FD interest rates for senior citizens

The bank has increased FD interest rates on deposits of 18 months and from two years to less than three years. Senior citizens can now earn up to 7.40% per annum on these two tenures.

Period	Single Deposit Less than ₹300 Lakhs - Senior Citizen
7 days to 29 days	3.60%
30 days to 45 days	3.85%
46 days to 90 days	5.60%
91 days to 180 days	5.70%
181 days to 270 days	6.60%
271 days to less than 1 year	6.65%
1 year	7.10%
Above 1 year to less than 18 months	7.15%
18 Months	7.40%
Above 18 months to less than 2 years	7.15%
2 years to less than 3 years	7.40%
3 years to 10 years	7.20%

For deposits of Rs 1 crore and above without a premature withdrawal facility, the interest rate for senior citizens is 7.50% per annum, as per the bank statement.