By Admin 
- Small Finance Bank highest interest on FD for seniors.
- Equitas, Shivalik FD interest up to 8.5% for seniors.
- ₹85,000 annual income on Rs 10 lakh; TDS rules apply.
Fixed Deposit: After retirement, adult citizens are always worried that their savings should be safe and that along with pension, they should also be getting some additional income every month. At this age, they look for such schemes in which there is no risk of losing money and they also get fixed returns from time to time. In such a situation, investing in fixed income schemes is a great option for them, which is a source of additional and stable income for people who have retired or are nearing retirement age. Now the biggest question arises that which banks are giving more interest on FD?
SFB ahead in terms of interest
According to Paisabazaar.co, SFBs dominate the segment with the highest interest rates, while private sector and public sector banks (PSBs) are offering comparatively lower interest rates. As per the latest update of June 2026, Shivalik Small Finance Bank and Equitas Small Finance Bank for some select periods The highest interest rate of up to 8.5% is being given on FD for senior citizens.
List of some small finance banks offering high interest
- Equitas Small Finance Bank is offering the highest interest of up to 8.5% on ‘Maxima FD’ of three years and one day.
- Shivalik Small Finance Bank is offering interest of 8.5% for the tenure of 23 months to 27 months.
- Jana Small Finance Bank is offering 8.3% interest on deposits of more than two years and up to three years.
- Suryoday Small Finance Bank is offering interest up to 8.25% on deposits for a period of up to 5 years.
- Utkarsh Small Finance Bank is offering interest up to 8.30% on deposits for a period of up to 3 years.
- Ujjivan Small Finance Bank is offering interest up to 8.25% on deposits for up to 3 years.
How much will be earned on the deposited amount?
If a senior citizen invests Rs 10 lakh at an interest rate of 8.50%, he will get interest up to Rs 85000 annually. The biggest thing related to investment for senior citizens is that if their earning from FD in any business year is more than Rs 50000, then the bank will deduct TDS. To avoid this, Form 15H will have to be filled.
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