If you’re a senior citizen looking for a safe way to grow your savings, a Fixed Deposit (FD) can be a good choice.
HDFC Bank and Federal Bank have recently revised their FD interest rates for selected tenures.
Federal Bank is now offering up to 7.20% annual interest for senior citizens, while HDFC Bank’s highest rate has increased to 7.10%. Here’s a simple look at the latest changes.
HDFC Bank Raises Senior Citizen FD Rate
HDFC Bank has increased the interest rate for senior citizens by 0.10% (10 basis points) on selected FDs below ₹3 crore. The revised rates came into effect on August 19, 2026.
The highest interest rate of 7.10% is available on FDs with a tenure of 3 years 1 day to less than 4 years 7 months.
For general customers, the bank has not changed its FD rates. They continue to range from 2.75% to 6.50%, depending on the tenure.
HDFC Bank Senior Citizen FD Rates
| Tenure | Interest Rate |
|---|---|
| 7-29 days | 3.25% |
| 30-45 days | 3.75% |
| 46 days-6 months | 4.75% |
| 6 months 1 day-9 months | 6.00% |
| 9 months 1 day-less than 1 year | 6.25% |
| 1 year-less than 15 months | 6.75% |
| 15 months-less than 18 months | 6.85% |
| 18 months-3 years | 6.95% |
| 3 years 1 day-less than 4 years 7 months | 7.10% |
| 4 years 7 months-5 years | 6.90% |
| 5 years 1 day-10 years | 6.65% |
Federal Bank Offers Up to 7.20% Interest
Federal Bank has also revised its FD interest rates, effective August 17, 2026.
General customers can earn 3% to 6.70%, while senior citizens can get 3.50% to 7.20%.
The highest rate of 7.20% is available on 48-month FDs for senior citizens. General customers receive 6.70% for the same tenure.
Federal Bank FD Rates
| Tenure | General | Senior Citizen |
| 7-29 days | 3.00% | 3.50% |
| 30-45 days | 3.25% | 3.75% |
| 46-90 days | 4.25% | 4.75% |
| 91-180 days | 4.50% | 5.00% |
| 181 days | 6.00% | 6.50% |
| 182-270 days | 5.50% | 6.00% |
| 271 days-less than 1 year | 6.00% | 6.50% |
| 1 year | 6.25% | 6.75% |
| Above 1 year-less than 15 months | 6.40% | 6.90% |
| 15 months | 6.65% | 7.15% |
| Above 15 months-24 months | 6.40% | 6.90% |
| Above 24 months-less than 48 months | 6.50% | 7.00% |
| 48 months | 6.70% | 7.20% |
| Above 48 months-10 years | 6.40% | 6.90% |
Example: How Much Can You Earn?
If a senior citizen invests ₹5 lakh in a 48-month Federal Bank FD at 7.20%, they can earn attractive interest along with their original investment.
The final maturity amount will depend on factors such as the bank’s compounding method, interest payout option, and other applicable terms.
Things to Check Before Investing
Don’t choose an FD based only on the highest interest rate. Before investing, check these important points:
FD tenure and lock-in period
Premature withdrawal charges
Monthly or quarterly interest payout options
Tax and TDS rules
Your liquidity needs
