Bank FD on High Rates: Even after the cut in repo rate, some small finance banks are giving more than 8% interest to senior citizens. One bank is giving them a rate of up to 9.10%.
Bank FD on High Rates: If you or someone in your family is a senior citizen and is planning to invest in fixed deposits (FD), then this time can be the most important. Because after the Reserve Bank of India (RBI) reduced the repo rate for the third time in 2025, now the FD interest rates can come down.
On June 6, the RBI’s Monetary Policy Committee (MPC) cut the repo rate by 0.50%, bringing the repo rate to 5.5%. Its direct impact will be seen on bank FD rates in the coming days. Therefore, for those who need assured and safe returns, this may be the last chance to lock their FD at a high rate.
Still getting up to 9.10% interest
Although the repo rate has been cut, some Small Finance Banks are still giving more than 8% interest to senior citizens. Unity Small Finance Bank is giving a rate of up to 9.10%. At the same time, banks like NorthEast SFB 9%, Suryoday 8.80%, Utkarsh 8.75% and Equitas, Jana, Ujjivan are giving up to 8.55% interest.
These schemes are for a limited time, and interest rates can be reduced at any time. So if you want to invest in fixed deposits, then this is a great opportunity.
Name of the Bank | Maximum Interest Rate (%) | Tenure |
AU Small Finance Bank | 8.25 | 18 months |
Equitas Small Finance Bank | 8.55 | 888 days |
ESAF Small Finance Bank | 8.25 | 444 days |
Jana Small Finance Bank | 8.55 | 1 year to 3 years |
Northeast Small Finance Bank | 9.00 | 18 months 1 day to 18 months 2 days |
Suryoday Small Finance Bank | 8.80 | 30 months to 3 years |
Ujjivan Small Finance Bank | 8.55 | 18 months |
Unity Small Finance Bank | 9.10 | 1001 days |
Utkarsh Small Finance Bank | 8.75 | 2 years to 3 years |
Senior citizens are getting additional benefits
Senior citizens get higher interest rates in banks than normal customers. This additional benefit has become even more important at this time because after the repo rate cut, FD rates are expected to fall in the coming months.
Are small finance banks safe?
Many people have this question in their mind that how safe are small finance banks? The answer is-completely. These banks are regulated by RBI and all banking rules apply to them. Not only this, these banks are also covered under DICGC, that is, security of up to Rs 5 lakh (principal + interest) is guaranteed on your FD.
There is still a chance to lock in high returns
If you are confused about fixed deposits, then understand that there is not much time left for high interest rates. After the repo rate cut, banks may reduce rates soon. This is a golden opportunity especially for senior citizens to book their FD at an interest rate of up to 9% and secure their future income.
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