The new year has started with five banks revising interest rates during the first week of the year, ending on January 4, 2025. Punjab and Sind Bank, Punjab National Bank, Union Bank of India, Karnataka Bank, and Jana Small Finance Bank revised their fixed deposit (FD) interest rates. Seniors can avail a maximum of 8.75 per cent. Here are the latest rates offered to senior citizens by these banks.

Punjab And Sind Bank:

The bank revised the rates on January 1, 2025, offering a maximum of 8.00 per cent to senior citizens. Here are the rates available to the general public, but the bank offers 0.50 per cent additional interest over these rates to senior citizens for FDs of 180 days and above. It offers seniors:

• 5.75 per cent for 180 to 269 days

• 6.00 per cent for 270 to 332 days

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• 6.00 per cent for 334 days to less than one year

• 6.80 per cent for one year

• 6.50 per cent for more than one year to 443 days

• 6.50 per cent for 445 to 554 days

• 6.50 per cent for 556 days to less than 22 months

• 7.50 per cent for 22 months

• 6.50 per cent for more than 22 months to less than two years

• 6.80 per cent for two years to 776 days

• 6.80 per cent for 778 days to 998 days

• 6.80 per cent for 1000 days to less than three years

• 6.50 per cent for three years to less than 44 months

• 7.25 per cent for 44 months

• 6.50 per cent for more than 44 months to five years

• 6.75 per cent for more than five years to less than 66 months

• 6.95 per cent for 66 months

• 6.75 per cent for more than 66 months to 10 years.

Also Read: SBI WeCare FD Date Extended: Know The Details 

While these FDs are ongoing, the bank offers some special FDs as well, which are valid until March 31, 2025. Here are their interest rates:

• 7.70 per cent for 333 days

• 7.80 per cent for 444 days

• 7.95 per cent for 555 days

• 7.75 per cent for 777 days

• 7.15 per cent for 999 days.

Punjab National Bank:

It offers a maximum of 7.55 per cent to senior citizens. It offers an additional 50 basis points rate to seniors for a period of up to five years and 80 basis points for a period above five years. It revised the rates on January 1, 2025, and the latest rates for seniors are:

• 6.75 per cent for 180 to 270 days

• 7.00 per cent for 271 days to 299 days

• 7.55 per cent for 300 days

• 7.00 per cent for 301 to 302 days

• 7.50 per cent for 303 days

• 7.00 per cent for 304 days to less than one year

• 7.30 per cent for one year to 399 days

• 7.75 per cent for 400 days

• 7.30 per cent for 401 to 505 days

• 7.20 per cent for 506 days

• 7.30 per cent for 507 days to two year

• 7.50 per cent for more than two years to three years

• 7.00 per cent for more than three years to 1203 days

• 6.90 per cent for 1204 days

• 7.00 per cent for 1205 days to five years

• 7.30 per cent for more than five years to 1894 days

• 7.15 per cent for 1895 days

• 7.30 per cent for 1896 days to 10 years.

Also Read: Should You Open Multiple Fixed Deposit Accounts?  

Union Bank Of India:

The bank also revised FD rates on January 1, 2025. The rates offered to senior citizens are:

• 6.85 per cent for 181 days to less than one year

• 7.30 per cent for one year to 398 days

• 7.50 per cent for 399 days

• 7.10 per cent for 400 days to 455 days

• 7.80 per cent for 456 days

• 7.10 per cent for 457 days to 996 days

• 6.90 per cent for 997 days

• 7.10 per cent for more than 998 days to less than three years

• 7.20 per cent for three years

• 7.00 per cent for more than three years to 10 years.

The bank offers 25 basis points additional rate over these rates to super seniors (80 years and above).

Karnataka Bank:

The bank revised the rates on January 2, 2025. It offers a 0.25 per cent additional rate for FDs below one year and an additional 0.50 per cent for FDs of tenure of one year to 10 years. Here are the rates it offers to seniors:

• 8.00 per cent for 375 days

• 7.75 per cent for one year to two years

• 7.00 per cent for above two years to five years

• 6.30 per cent for above five years to 10 years.

Also Read: UPI Transactions Surge By 8 Per Cent MoM, But So Do Scams – Beware Of The New ‘Jumped Deposit’ Trick!

Jana Small Finance Bank:

The bank offers different interest rates based on the value of FDs. It is ‘less than Rs 10 lakh’ and ‘equal to or more than Rs 10 lakh’. Seniors can avail of a maximum of 8.75 per cent. The rates are different for less than 91-day tenures, but beyond that, the rates are the same in both these categories. Here are the revised rates for seniors:

• 8.00 per cent for 181 days to 364 days

• 8.75 per cent for 365 days

• 8.75 per cent for one year to three years

• 7.75 per cent for more than three years to less than five years

• 8.20 per cent for five years

• 7.00 per cent for more than five years to 10 years.

Note that the bank offers an additional 0.50 per cent to seniors on all FDs except for ‘5 years’ tenure.