FD & Savings
High CPC Senior Audience
June 2026 · Karthik, Vijayawada AP · 8 min read
Senior Citizen FD Rates June 2026 Extra Interest for 60+ Age
Best FD rates for senior citizens (60+ age) in India June 2026. All banks offering extra 0.25-0.75% interest. SCSS vs bank FD vs Post Office comparison for retirement income.
Senior Citizen FD Rates — All Banks June 2026
| Bank | Regular Rate | Senior Citizen Rate | Extra Benefit |
|---|---|---|---|
| Unity Small Finance Bank | 9.00% | 9.50% | +0.50% |
| Suryoday Small Finance | 8.60% | 9.10% | +0.50% |
| AU Small Finance Bank | 7.75% | 8.25% | +0.50% |
| Axis Bank | 7.10% | 7.75% | +0.65% |
| HDFC Bank | 7.10% | 7.60% | +0.50% |
| ICICI Bank | 7.10% | 7.60% | +0.50% |
| SBI | 7.10% | 7.60% | +0.50% |
| Post Office TD (5yr) | 7.50% | 7.50% | No extra |
SCSS vs Senior Citizen FD — Which is Better?
| Feature | SCSS (8.20%) | Bank FD (Senior Rate) |
|---|---|---|
| Interest Rate | 8.20% (Q rate) | 7.60-9.50% |
| Maximum Deposit | ₹30 Lakh | No limit |
| 80C Benefit | Yes | Only 5-year FD |
| Safety | Sovereign guarantee | DICGC up to ₹5L |
| Interest Payout | Quarterly | Monthly/Quarterly/Annual |
Ideal Senior Citizen Portfolio — ₹50 Lakh Corpus
| Instrument | Allocation | Annual Income |
|---|---|---|
| SCSS at 8.20% | ₹20,00,000 (40%) | ₹1,64,000 |
| Bank FD at 7.60% | ₹15,00,000 (30%) | ₹1,14,000 |
| Post Office MIS | ₹10,00,000 (20%) | ₹74,000 |
| Liquid Fund | ₹5,00,000 (10%) | ₹35,000 |
| Total Monthly Income | ₹50,00,000 | ₹32,250/month |
FAQs
TDS limit for senior citizens on FD? +
TDS not deducted if total FD interest from one bank is under ₹50,000/year (₹40,000 for below 60 years). Submit Form 15H at all banks at start of April each year if your total income is not taxable. Senior citizens (80+) also get Section 80TTB deduction up to ₹50,000 on interest income.
SCSS vs Post Office MIS for senior citizens? +
SCSS (8.20%) pays interest quarterly. Post Office MIS (7.40%) pays monthly. SCSS gives higher returns but quarterly payout. MIS gives lower return but monthly income — better for those needing monthly cash flow. Recommend: SCSS for bulk investment (up to ₹30L) + MIS for monthly income need.
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June 2026 · Karthik, Vijayawada APRBI Verified 20264.8/5