Senior citizens can still earn 9.1% FD rate – Just 2 days left to book this highest rate FD

Ahead of the RBI’s monetary policy decision on June 6, in which yet another repo rate cut – ranging from 25 bps to 50 bps – is expected, Suryoday Small Finance Bank has announced a revision in its fixed deposit (FD) rates, effective June 1, 2025. Among all small finance banks (SFBs), Suryoday Small Finance Bank is currently offering the highest interest rate of 9.1% to senior citizens on 5-year FDs, according to Paisabazaar.

Book highest FD rate of 9.1% in Suryoday Small Finance Bank

So, senior citizens have just 2 days left to secure a high 9.1% fixed deposit interest rate for 5 years with Suryoday Small Finance Bank. From June 1, 2025, rates will be cut sharply. The Navi Mumbai-headquartered small finance bank has announced a big 60 basis points (bps) cut in its FD rates for senior citizens and general customers. With this 60 bps slash, the highest rate for senior citizens will come to 8.5%.

If we talk about the rates offered by banks on other FD tenors, the small finance bank is currently offering 8.40% on 1-year FDs and 8.90% on 3-year plans for senior citizens. Suryoday Small Finance Bank’s 5-year FD rate for senior citizens is also the highest among all SFBs. From June 1, the highest rate on 5-year FDs will come down to 8.5%.

Also read: HDFC Bank slashes FD rates again – Check new rates for senior citizens, general customers

Suryoday SFB offers highest FD rates for senior citizens

Currently, Suryoday Small Finance Bank offers interest rates ranging from 4% to 8.6% for general customers and from 4.5% to 9.10% for senior citizens on fixed deposits of less than Rs 3 crore.

Starting from June 1, the bank’s interest rates for general customers will be in the range of 4% to 8.4%. Senior citizens will get 4.4% to 8.5% rates on FDs.

Also read: Canara Bank revises rates on fixed deposits, savings account – Check new rates

Find out how much other small banks are offering to senior citizens on fixed deposits of different tenures.

Bank NameInterest Rates (% p.a.)Highest slab1-year tenure3-year tenure5-year tenureAU Small Finance Bank8.257.587.75Capital Small Finance Bank8.187.657.6Equitas Small Finance Bank8.558.48.257.75ESAF Small Finance Bank8.255.56.756.5Fincare Small Finance Bank8.257.587.75Jana Small Finance Bank8.5588.558.2North East Small Finance Bank97.58.758.5Shivalik Small Finance Bank8.76.587Suryoday Small Finance Bank9.18.48.99.1Ujjivan Small Finance Bank8.558.47.77.7Unity Small Finance Bank9.17.758.658.65Utkarsh Small Finance Bank8.756.758.758.25

Note: The above-stated senior citizen FD rates are updated as of 28 May 2025 and are applicable to deposits below Rs.

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