
Super senior citizens’ high-interest fixed deposits: Compared to ordinary depositors, super senior citizens (those 80 years of age and older) can earn substantially larger returns on their fixed deposits (FDs). For individuals over 80, a number of prominent Indian banks, such as SBI, RBL Bank, Union Bank of India, Indian Bank, and Punjab National Bank, provide alluring interest rates.
Super Senior Citizens: Who Are They?
Residents who reach the age of 80 or older are regarded as Super Senior Citizens under section 194P of the Income Tax Act of 1961.
The best Indian banks that provide super senior citizens with high interest rates on FDs are listed here.
Current FD rates for SBI customers
Additionally, SBI has launched “SBI Patrons,” a customized term deposit program for seniors 80 years of age and older. In recognition of the long-standing relationships that many senior customers have with the bank, this product offers higher interest rates. Both new and existing term deposit customers can use “SBI Patrons.” The State Bank of India website states that super senior citizens will receive an interest rate that is 10 basis points higher than the senior citizen card rates under the “SBI Patrons” program.
For super senior citizen FDs with terms of two years to less than three years, five years, and up to ten years, SBI offers the highest interest rate of 7.60%.

PNB offers super senior citizens special FD rates.
For super senior citizens, PNB offers the highest interest rate at 8.10% over a 400-day period.
For all maturity buckets, the PNB website states that “Super Senior Citizens of age 80 years & above shall receive an additional rate of interest of 80bps over applicable card rate.”
Indian Bank offers super senior citizens a special FD rate.
For a limited time, the bank is offering two unique retail term deposit products with alluring interest rates. For Super Senior Citizens, the “IND SUPER 400 DAYS” product offers a higher interest rate of 8.05% on investments ranging from Rs. 10,000 to less than ₹3 crore over a 400-day period in the form of FD/MMD with callable options.
Furthermore, for investments ranging from ₹5,000 to less than ₹3 crore, the “IND SUPREME 300 DAYS” product offers a rate of 7.80% for a term of 300 days, along with callable options. Both deals are good through March 31, 2025.
Special FD rate for super senior citizens offered by RBL Bank
“Super Senior Citizens (80 years and above) are eligible for an additional interest rate of 0.75% p.a.,” the RBL Bank website states. Non-Resident Fixed Deposits (NRE/NRO) are not eligible for Senior Citizens/Super Senior Citizens rates. For super senior citizen FDs, the bank offers the highest interest rate at 8.75% over a 500-day period.
In all of its domestic term deposit schemes, Union Bank of India provides residents who are senior or super senior citizens with an extra rate component on term deposits up to ₹5 crore.
The bank gives its regular customers 3.5% to 7.3% on deposits that mature in 7 days to 10 years. These prices go into effect on January 1, 2025.
India’s Union Bank A special FD rate for extremely elderly people
“The additional rate component, applicable to resident senior citizen deposits, is 0.50% over and above the normal rates displayed above,” the Union Bank of India website states.
0.75% more than the regular rate shown above (0.25% more than the rate applicable to resident senior citizens) is the additional rate component that applies to resident super senior citizens.