New Delhi: If you’re a senior citizen searching for safe and steady ways to grow your savings, fixed deposits (FDs) remain one of the most reliable options. Some banks are now offering interest rates as high as 8.4 per cent on FDs, especially for deposits up to Rs 3 crore with a five-year lock-in. With guaranteed returns and minimal risk, these schemes are particularly appealing for retirees who want both security and a regular flow of income. However, it’s also important to weigh the benefits against factors like bank type and DICGC insurance coverage before investing.

Best FD Rates for Senior Citizens (Updated: September 24, 2025)

- Suryoday Small Finance Bank – Offers the highest FD rate of 8.4 per cent for senior citizens with a 5-year tenure. ( )

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