Suryoday SFB Offers Highest FD Rate of 8.60% for Seniors in November 2026
Several banks have updated their fixed deposit interest rates, with Suryoday SFB leading at 8.60% for senior citizens.
Suryoday SFB offers 8.60% for senior citizens and 8.25% for general customers.
Utkarsh SFB has revised rates to 8.50% for seniors on a special tenure of 666 days.
Kotak Mahindra Bank and Axis Bank also adjusted their FD rates, with Kotak offering up to 7.55% for seniors.
In November 2026, several banks have announced new fixed deposit (FD) interest rates, providing investors with updated options for their savings. Notably, Suryoday Small Finance Bank (SFB) has introduced the highest rate of 8.60% for senior citizens, while general customers can earn up to 8.25%. This adjustment reflects a competitive banking environment aimed at attracting depositors across various tenures.
Suryoday SFB implemented these revised rates effective October 30, 2026. For a five-year deposit, senior citizens are eligible for the top rate of 8.60%, while general customers can receive 8.25%. The bank also offers 8.01% for an 18-month deposit and 8.10% for a 30-month deposit, with slightly higher rates for seniors in both categories.
Utkarsh SFB has also made changes, effective November 1, 2026, offering 8.10% to general customers and 8.50% to senior citizens for a special tenure of 666 days. For deposits ranging from two to three years, the rates are 7.50% for general customers and 7.90% for seniors. Furthermore, Kotak Mahindra Bank has revised its rates effective November 4, 2026, now offering 6.80% for general customers and 7.55% for seniors on two to three-year deposits.
Axis Bank has adjusted its FD rates as well, effective October 29, 2026, providing a maximum of 6.60% for general customers and 7.35% for senior citizens on deposits from five to ten years. Punjab National Bank (PNB) and Bank of India have also revised their rates, with PNB offering up to 7.10% for seniors on a special 444-day FD scheme.
Investors are advised to carefully compare the interest rates offered by different banks and consider factors such as the additional interest for senior citizens, terms for premature withdrawal, and the applicable tax on FD interest. Understanding these elements is crucial for optimizing returns on fixed deposits.
