Senior Citizen FD Rates 2025: SBI, BoB, PNB & Other Banks | Maturity on Rs 8 Lakh (1-5 Years)

Senior citizens often prefer fixed deposits (FDs) because of their guaranteed returns and low risk. These FDs offer slightly higher interest rates compared to general depositors, making them an attractive investment option for retirees looking for steady income. Interest rates vary across banks and depend on the tenure selected, with options ranging from seven days to 10 years. Indian residents aged 60 and above are eligible for senior citizen FDs.

Here’s a detailed look at the current FD rates for senior citizens at major public and private banks, along with maturity amounts on a deposit of Rs 8,00,000.

SBI FD Rates for Senior Citizens

State Bank of India (SBI) provides senior citizens with the following interest rates:

• 444 days (Amrit Vrishti scheme): 7.10%
• 1-year FD: 6.75%
• 3-year FD: 7.80%
• 5-year FD: 7.05%

Maturity on Rs 8 lakh deposit:

• 1-year FD: Rs 8,55,382
• 3-year FD: Rs 10,08,641
• 5-year FD: Rs 11,34,607

BoB FD Rates for Senior Citizens

Bank of Baroda (BoB) offers competitive rates for senior citizens:

• 444 days (BoB Square Drive Deposit Scheme): 7.10%
• 1-year, 3-year, 5-year FD: 7%

Maturity on Rs 8 lakh deposit:

• 1-year FD: Rs 8,57,487
• 3-year FD: Rs 9,85,151
• 5-year FD: Rs 11,31,822

PNB FD Rates for Senior Citizens

Punjab National Bank (PNB) provides the following rates:

• 390-day FD: 7.10%
• 1-year FD: 6.90%
• 3-year FD: 7.00%
• 5-year FD: 6.80%

Maturity on Rs 8 lakh deposit:

• 1-year FD: Rs 8,55,382
• 3-year FD: Rs 9,77,914
• 5-year FD: Rs 11,17,999

ICICI Bank FD Rates for Senior Citizens

ICICI Bank offers the following interest rates:

• 2-year 1-day to 10-year FD: 7.10%
• 1-year FD: 6.75%
• 3-year and 5-year FD: 7.10%

Maturity on Rs 8 lakh deposit:

• 1-year FD: Rs 8,55,382
• 3-year FD: Rs 9,88,060
• 5-year FD: Rs 11,37,397

HDFC Bank FD Rates for Senior Citizens

HDFC Bank provides senior citizens with these rates:

• 18 months to less than 21 months FD: 7.10%
• 1-year FD: 6.75%
• 3-year FD: 6.95%
• 5-year FD: 6.90%

Maturity on Rs 8 lakh deposit:

• 1-year FD: Rs 8,55,382
• 3-year FD: Rs 9,83,700
• 5-year FD: Rs 11,26,274

Axis Bank FD Rates for Senior Citizens

Axis Bank’s senior citizen FD rates are as follows:

• 5-10 year FD: 7.35%
• 1-year FD: 6.75%
• 3-year FD: 7.10%
• 5-year FD: 7.35%

Maturity on Rs 8 lakh deposit:

• 1-year FD: Rs 8,55,382
• 3-year FD: Rs 9,88,060
• 5-year FD: Rs 11,51,449

Key Takeaways

• Senior citizens earn slightly higher interest rates than regular depositors.
• For long-term deposits, banks like Axis Bank and ICICI Bank provide slightly better returns.
• FDs are a safe investment with guaranteed returns, making them ideal for retirement planning.
• Before investing, always check the bank’s latest rates, as they are subject to change.

Investing in senior citizen FDs can ensure a secure financial future while generating steady income, making them one of the safest choices for retirees.