FD Interest Rates: The stock market has been experiencing significant volatility over the past several months. If you’re looking for a safe investment, a fixed deposit (FD) could be a good option. It offers predetermined interest rates, reducing risk. Long-term fixed deposits typically offer higher interest rates than short-term investments.

Furthermore, banks offer higher interest rates to senior citizens than those offered to ordinary citizens. Currently, many banks are also offering high returns on their fixed deposit schemes. Therefore, you should compare interest rates across banks before investing.

Private bank interest rates

HDFC Bank, the country’s largest private bank, is offering 7.10% interest to senior citizens on 18- to 21-month fixed deposits. However, general citizens are offered 6.60% interest. This rate is effective from June 25, 2025.

After this, ICICI Bank is offering 7.10% interest to senior citizens on FDs with tenure of 2 to 10 years, while general citizens are being offered an interest rate of 6.60%.

Similarly, Kotak Mahindra Bank is offering 7.10% interest on a 23-month fixed deposit. However, ordinary citizens receive 6.60% interest. This interest rate is effective from August 20, 2025.

Meanwhile, Federal Bank is offering a 7.20% return for senior citizens and 6.70% for general citizens on a 999-day FD. These rates are effective from October 17, 2025.

Speaking of public sector bank FD schemes, the country’s largest bank, SBI, offers senior citizens 6.95% interest on 2- to 3-year FD schemes, while general citizens receive 6.45% interest. This rate is effective from July 15, 2025.

Next, Union Bank of India is offering 6.60% interest on a 3-year fixed deposit for senior citizens, while general citizens are offered 6.10%. This rate is effective from August 20, 2025. Meanwhile, Punjab National Bank (PNB) is offering a 7.10% return on FDs with a maturity period of 390 days. This interest rate is effective from September 1, 2025.

Additionally, Canara Bank is offering 7.00% interest to senior citizens on FDs with a maturity of 444 days, while general citizens receive 6.50% interest. This rate is effective from August 7, 2025.