HDFC Bank, Axis Bank and Federal Bank have revised FD rates. Senior citizens can earn up to 7.25%, but tenure, premature withdrawal charges and tax also matter before investing
Federal Bank offers up to 7.20%: The bank has revised rates on FDs below Rs 3 crore. Senior citizens can earn between 3.50% and 7.20%, depending on the tenure. The highest rate of 7.20% is available on a 48-month FD. A 15-month deposit earns 7.15%, while FDs of 24 months to less than 48 months offer 7%.Axis Bank offers the highest rate of 7.25%: The bank revised its domestic FD rates from August 26, 2026. Senior citizens can earn between 3.50% and 7.25% on deposits below Rs 3 crore, depending on the tenure. The highest rate of 7.25% is available on FDs with tenures of 5 years to 10 years.What to keep in mind before booking an FD: Don’t choose a fixed deposit based only on the interest rate. Also check how long your money will remain locked in, what penalty or charges apply if you withdraw the FD early, and how much tax you may have to pay on the interest earned.
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Banks have revised their fixed deposit interest rates, offering savers different returns depending on the tenure. HDFC Bank, Federal Bank and Axis Bank have changed their FD rates for various tenures. Senior citizens continue to get higher rates than regular customers. Among the three banks, Axis Bank is offering the highest rate of up to 7.25% per annum on select FD tenures for senior citizens. Federal Bank offers up to 7.20%, while HDFC Bank offers up to 7.10%.
