Some banks are still providing interest rates that go up to 7.5% on fixed deposits (FDs) for senior citizens (aged 60 years and above) for a three- year term with a maximum limit of Rs 3 crore.
Take a look at the list below to find out which banks have FD interest rates reaching 7.5% for senior citizens.
Bank FD interest rate for senior citizens
FD rate up to 7.5%
Jana Small Finance Bank is offering 7.5% interest rate on fixed deposits with a three-year tenure for senior citizens.slice Small Finance Bank is the second bank providing 7.5% interest rate on fixed deposits with a three-year tenure for senior citizens.
FD rates up to 7.25% for senior citizens
Suryoday Small Finance Bank is offering 7.25% interest on FDs with a three-year term for senior citizens.| AU Small Finance Bank | 7.10 |
| Equitas Small Finance Bank | 7.00 |
| ESAF Small Finance Bank | 6.00 |
| Jana Small Finance Bank | 7.50 |
| Shivalik Small Finance Bank | 6.75 |
| slice Small Finance Bank | 7.50 |
| Suryoday Small Finance Bank | 7.25 |
| Ujjivan Small Finance Bank | 7.20 |
| Utkarsh Small Finance Bank | 7.50 |
Source: Paisabazaar.com as of January 14, 2026
Disclaimer: While deposits in small finance banks are insured by the Deposit Insurance Credit Guarantee Corporation (DICGC) up to Rs 5 lakh, experts advise investors to exercise caution when investing in their FDs. Given their unique business model, the risk associated with investing in small finance bank FDs might differ slightly from that of scheduled commercial banks. To mitigate potential risks, it's recommended that investors limit their exposure to small finance bank FDs to an amount that falls within the DICGC coverage. This ensures that their principal and interest are protected in unforeseen circumstances.
When is TDS deducted from bank FDs?
Banks are required to deduct tax deducted at source (TDS) if the interest from a fixed deposit (FD) crosses Rs 1 lakh in a specific bank. Remember, TDS isn’t an additional tax; you can get it back as refund or offset it against your total tax liability when you file your income tax return (ITR). Plus, if you are eligible for a tax refund, you might also be eligible for interest on that refund.
For example, if a senior citizen has an income of Rs 11 lakh, they won’t have to pay income tax thanks to the Section 87A tax rebate under the new tax regime for FY 2025-26. The Section 87A tax rebate applies to income up to Rs 12 lakh under the new tax regime for FY 2025-26.
Moreover, a senior citizen can submit Form 15H to avoid TDS deduction, if their total income, after claiming all tax deductions and the Section 87A rebate, is below the taxable limit, which is Rs 12 lakh for the new tax regime or Rs 5 lakh for the old tax regime.
Even though no income tax is charged on annual income below Rs 12 lakh, banks and other financial institutions still have to deduct TDS. This is because the law requires them to deduct TDS once the interest/income amount surpasses a certain limit -- Rs 1 lakh in case of senior citizens. Banks are not aware of individual tax liabilities and will deduct TDS whenever the annual interest exceeds Rs 1 lakh. Hence it’s better to submit Form 15H to let the banks know.As of January 18, 2026, the Indian stock market has recently emerged from a period of broad volatility. While the major indices like the Sensex and Nifty 50 broke their own 5-day losing streaks earlier this month, several individual stocks within the BSE 500 have continued to face persistent downward pressure.
According to market data for the period ending January 16, 2026, these 10 stocks were identified as "concurrent losers," having declined for five consecutive trading sessions:
Top 10 Concurrent Losers (5-Day Streak)
| Stock Name | 5-Day Cumulative Decline | Previous Close (approx.) |
| Elecon Engineering Company | 22% | ₹392 |
| Tejas Networks | 17% | ₹365 |
| Cohance Lifesciences | 14% | ₹426 |
| Hitachi Energy India | 12% | ₹16,225 |
| Dixon Technologies | 10% | ₹10,733 |
| Tanla Platforms | 10% | ₹463 |
| Newgen Software Technologies | 10% | ₹749 |
| Apar Industries | 10% | ₹7,413 |
| Gabriel India | 9% | ₹918 |
| Action Construction Equipment | 9% | ₹849 |
Key Drivers of the Recent Slump
The broader market weakness during this period was influenced by several macroeconomic factors:
Regulatory Fears: Global payment giants like Visa also saw a 5-day losing streak (down 8.3%) following US proposals to cap credit card interest rates at 10%.
2 FII Selling: Foreign Institutional Investors have remained net sellers in January 2026, pulling out over ₹8,000 crore from the Indian cash market.
3 Earnings Caution: With Q3 corporate results currently being released, investors are showing high sensitivity to even slight misses in margins or guidance.
4 Global Trade Policy: Uncertainty regarding potential 500% US tariffs on Russian oil and domestic trade deal delays has kept sentiment cautious.
5
Summary Observation
While about 47 stocks in the BSE 500 fell across all five sessions, the 10 listed above suffered the most significant double-digit or near-double-digit losses.
Would you like me to look up the Q3 earnings dates for any of these specific companies to see if a recovery is expected?
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