Ahead of Diwali next week, Punjab and Sind Bank hiked its fixed deposit interest rates to up to 7.95 per cent for senior citizens, while the Shivalik Small Finance Bank is offering them up to 8.80 per cent for 18 months to 24 months. Bank of Maharashtra, South Indian Bank, and Axis Bank have also revised their rates.

Here are the revised FD interest rates of these banks for senior citizens:

Punjab And Sind Bank

The bank revised rates on October 21, 2024, and offers the highest of 7.95 per cent to senior citizens on less than Rs 3 crore callable FDs. This 7.95 per cent is available on its special ‘555 days’ FD and includes 0.50 per cent additional rates available to seniors on all FDs for 180 days and above tenure. The rates for seniors are:

• 6.80 per cent for one year

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

• 7.80 per cent for 444 days

• 6.50 per cent for 445 days to 554 days

• 7.95 per cent for 555 days

• 6.50 per cent for 556 days to less than two year

• 6.80 per cent for more than two years to 776 days

• 7.75 per cent for 777 days

• 6.80 per cent for 778 days to 998 days

• 7.15 per cent for 999 days

• 6.80 per cent for 1000 days to less than a year

• 6.50 per cent for three years to five years

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

Its special tenure FDs (222 days-6.80 per cent, 333 days-7.70 per cent, 444 days, 555 days, 777 days, and 999 days) are available only till December 31, 2024.

Also Read: Govt To Officially Roll Out Ayushman Bharat For All Seniors On Oct 29

Bank Of Maharashtra

Seniors can avail of a maximum of 7.90 per cent for FDs less than Rs 3 crore, including 0.50 per cent additional rates the bank offers them. The FD rates are:

• 7.25 per cent for one year

• 7.00 per cent for one year to five years

• 7.00 per cent for five years and above

• For its special tenure FDs, the rates are:

• 7.40 per cent for 200 days

• 7.90 per cent for 333 days

• 7.60 per cent for 400 days

• 7.75 per cent for 777 days.

The rates were revised on October 21, 2024.

Also Read: GST Relief On Insurance Premiums: What It Means For You

South Indian Bank

South Indian Bank revised FD rates on October 21. It offers the highest 7.90 per cent to senior citizens for one year and seven-day tenure. Rates for other tenures are:

• 7.20 per cent for one year

• 7.00 per cent for above one year to one year six days

• 7.90 per cent for one year seven days

• 7.00 per cent for one year eight days to less than 30 months

• 7.50 per cent for 30 months

• 7.20 per cent for above 30 months to less than five years

• 6.50 per cent for five years to less than 66 months

• 7.00 per cent for 66 months (Green deposit)

• 6.50 per cent for above 66 months to up to and including 10 years.

Also Read: Buying Silver Coins Or Jewellery This Diwali? Know How To Check Their Purity

Axis Bank

The bank offers a maximum of 7.75 per cent to senior citizens for various tenures between 15 months and two years. It revised FD rates on October 21, 2024, and offers:

• 7.20 per cent from one year to less than 15 months

• 7.75 per cent from 15 months to less than two years

• 7.60 per cent for two years to less than five years

• 7.75 per cent for five years to 10 years.

Shivalik Small Finance Bank

This small finance revised rates on October 25, 2024, and offers up to 8.80 to seniors. Here are the rates:

• 6.50 per cent for nine months to 12 months

• 8.55 per cent for 12 months one day to less than 18 months

• 8.80 per cent for 18 months to 24 months

• 8.00 per cent for 24 months one day to 36 months

• 7.00 per cent for 36 months one day to 60 months

• 6.75 per cent for 60 months one day to 120 months.