Many senior citizens invest in fixed deposit (FD) schemes to get a fixed income in their retirement phase. That’s why many of them look for options where they can get maximum returns from their deposits. FD interest rates are locked-in at the time of investment, so people know the maturity they will get. For senior citizens who require a steady source of income, knowing the estimated maturity amount in advance is especially crucial. Senior citizens can invest in FDs ranging from 7 days to 10 years. A 3-year FD is one of the options for them.
Check out the tables below that compare the latest 3-year senior citizen FD interest rates offered by small finance banks, private sector banks and public sector undertaking (PSU) banks.
Small Finance Banks 3-year senior citizen FD rates
Among small finance banks, Jana Small Finance Bank and Utkarsh Small Finance Bank are offering the highest interest rate of 8% each. They are followed by AU Small Finance Bank at 7.75% and Ujjivan Small Finance Bank at 7.7%. Equitas Small Finance Bank and slice Small Finance Bank are offering a 7.5% rate each on their 3-year senior citizen FDs.
| Small Finance Bank | Interest Rate (%) |
| Jana Small Finance Bank | 8 |
| Utkarsh Small Finance Bank | 8 |
| AU Small Finance Bank | 7.75 |
| Ujjivan Small Finance Bank | 7.7 |
| Equitas Small Finance Bank | 7.5 |
| slice Small Finance Bank | 7.5 |
| Suryoday Small Finance Bank | 7.4 |
| Shivalik Small Finance Bank | 7.25 |
| ESAF Small Finance Bank | 6.5 |
Private bank 3-year senior citizen FD interest rates
Among private sector banks, Bandhan Bank and YES Bank are offering the highest interest rate of 7.75% each, followed by RBL Bank at 7.7% and SBM Bank India at 7.6%. IDFC FIRST Bank is offering a 7.5% rate, while IndusInd Bank offers a 7.4% rate. DCB Bank and Federal Bank are offering a 7.25% rate each, followed by Tamilnad Mercantile Bank at 7.2% and Jammu & Kashmir Bank at 7.15%. Axis Bank, HDFC Bank and ICICI Bank are offering a 6.95% interest rate each on their 3-year senior citizen FDs.
| Private Sector Bank | Interest Rate (%) |
| Bandhan Bank | 7.75 |
| YES Bank | 7.75 |
| RBL Bank | 7.7 |
| SBM Bank India | 7.6 |
| IDFC FIRST Bank | 7.5 |
| IndusInd Bank | 7.4 |
| DCB Bank | 7.25 |
| Federal Bank | 7.25 |
| Tamilnad Mercantile Bank | 7.2 |
| Jammu & Kashmir Bank | 7.15 |
| Axis Bank | 6.95 |
| HDFC Bank | 6.95 |
| ICICI Bank | 6.95 |
| DBS Bank | 6.9 |
| Kotak Mahindra Bank | 6.9 |
| IDBI Bank | 6.85 |
| City Union Bank | 6.75 |
| South Indian Bank | 6.7 |
| Karnataka Bank | 6.55 |
| CSB Bank | 5.9 |
Public sector bank 3-year senior citizen FD interest rates
Among public sector banks, Bank of India and Standard Chartered Bank are offering the highest interest rate of 7% each. They are followed by Punjab National Bank and State Bank of India at 6.8% each. Bank of Baroda and Canara Bank are offering a 6.75% rate on their respective 3-year senior citizen FDs, while Union Bank of India offers 6.7%. For Indian Overseas Bank, Indian Bank and Central Bank of India, the 3-year senior citizen FD interest rates are 6.6%, 6.55% and 6.5%, respectively
| Bank | Interest rate | Senior citizen benefit |
| Bank of India | 7 | 0.15% on tenures of 180 days to 10 years |
| Standard Chartered Bank | 7 | --- |
| Punjab National Bank | 6.8 | 0.30% for tenures up to 5 years |
| State Bank of India | 6.8 | 0.10% on all tenures |
| Bank of Baroda | 6.75 | 0.10% on tenures of above 1 year to 5 years |
| Canara Bank | 6.75 | 0.10% on tenure of 444 days & 555 days |
| Union Bank of India | 6.7 | 0.25% on all tenures |
| Indian Overseas Bank | 6.6 | 0.25% on all tenures |
| Indian Bank | 6.55 | 0.25% on all tenures |
| Central Bank of India | 6.5 | --- |
| Punjab & Sind Bank | 6.35 | 0.15% on tenure of 375 days, 444 days, 666 days, 777 days, 999 days & PSB Green Earth (22 months, 44 months, 66 months) |
| Deutsche Bank | 6.25 | --- |
| HSBC Bank | 5.85 | --- |
| Bank of Maharashtra | 5.75 | --- |
Source: Paisabazaar.com
Interest rates as of 13th May 2026
