RD rates
Senior Citizen RD Rates
Extra RD interest for depositors aged 60+ — bank-wise senior RD rates, TDS threshold of ₹1 lakh and the 80TTB deduction.
Updated 30 September 2026Highest RD rate now
7.25%
Bandhan BankWhat you need to know
Banks usually add 0.50% to RD rates for resident senior citizens (60+); a few pay more on long tenures. Seniors also have a ₹1 lakh yearly TDS threshold per bank and can claim up to ₹50,000 deduction on deposit interest under 80TTB (old regime).
Senior citizen RD rates by bank
| Bank | Highest senior RD rate | Tenure | Premium over best general rate |
|---|---|---|---|
| YES Bank | 7.75% | 36 – 59 months | 0.75% |
| Bandhan Bank | 7.75% | 2 - <3 years | 0.50% |
| IndusInd Bank | 7.50% | 18 months | 0.50% |
| Tamilnad Mercantile Bank | 7.50% | 2 years – <3 years | 0.50% |
| Dhanlaxmi Bank | 7.50% | 1111 days | 0.50% |
| Saraswat Co-operative Bank | 7.40% | Above 3 years – 5 years | 0.40% |
| South Indian Bank | 7.30% | 2 years | 0.50% |
| Federal Bank | 7.25% | 36 months | 0.50% |
| Axis Bank | 7.20% | 60 – 120 months | 0.75% |
| Kotak Mahindra Bank | 7.20% | 15 – 33 months | 0.50% |
| ICICI Bank | 7.10% | 3 – 5 years | 0.60% |
| Bank of India | 7.10% | 450 days | 0.50% |
| Indian Overseas Bank | 7.10% | 444 days | 0.50% |
| DBS Bank India | 7.10% | 376 – 599 days | 0.50% |
| State Bank of India | 7.05% | 5 – 10 years | 0.65% |
| Union Bank of India | 7.05% | 555 days | 0.50% |
| Karnataka Bank | 7.05% | 555 days | 0.40% |
| Bank of Baroda | 7.00% | 5 – 10 years | 0.70% |
| IDBI Bank | 7.00% | 2 – 3 years | 0.50% |
| HDFC Bank | 6.95% | 18 months | 0.50% |
| UCO Bank | 6.95% | 444 days | 0.50% |
| Punjab National Bank | 6.90% | 390 days | 0.50% |
| Central Bank of India | 6.75% | 2 – 3 years | 0.50% |
| Canara Bank | 6.75% | 1 year - 1 year 3 months | 0.50% |
| Indian Bank | 6.70% | >1 year – <2 years | 0.50% |
| Punjab & Sind Bank | 6.45% | 2 years | 0.50% |
Is an RD right for retirees?
- An RD suits seniors who save monthly from pension or rent.
- For regular income, a monthly-payout FD, SCSS (8.2%) or Post Office MIS (7.4%) fits better.
- Submit Form 121 (earlier 15H) each April if your tax liability is nil.
Frequently asked questions
Do seniors get extra rate on RDs?
Yes, at almost all banks — typically 0.50%. Post Office RD has no senior premium.
For information and comparison only. Confirm rates and rules with your bank or post office.