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.