These Bank FDs Are Best for Senior Citizens, Offering Over 7% Interest Rates

When it comes to safe and assured returns, bank fixed deposits remain the first choice for many Indians, especially senior citizens. With guaranteed interest, zero market risk, and the comfort of steady earnings, FDs continue to be one of the most trusted investment options after retirement.

If you're a senior citizen looking for secure places to park your savings and earn attractive returns, here are some top FD options from major banks offering competitive interest rates.

HDFC Bank FD

HDFC Bank, India’s largest private lender, offers 7.10% interest to senior citizens on FDs with a tenure of 18 to 21 months. It's a short yet rewarding option for those seeking high returns in under two years.

ICICI Bank FD

ICICI Bank also offers 7.10% interest to senior citizens, but with more flexibility. You can choose FD tenures ranging from 2 to 10 years, making it ideal for long-term financial planning and stable income.

SBI FD

State Bank of India, the country’s biggest public sector bank, offers 6.95% interest to senior citizens on FDs with a 2 to 3-year tenure. It’s a reliable choice backed by the trust of millions.

Union Bank of India FD

Union Bank of India provides an interest rate of 6.60% to senior citizens on its 3-year fixed deposit. A steady option for those wanting medium-term returns.

Canara Bank FD

Canara Bank offers a special 444-day FD for senior citizens with an attractive 7% interest rate. If you're looking for a deposit that earns more than regular FDs without locking your money for too long, this is worth considering.

Whether you prefer short-term deposits or long-term stability, these bank FDs offer senior citizens the perfect balance of safety and rewarding returns. Compare the tenures, interest rates, and your financial goals to pick the FD that works best for you.