South Indian Bank Senior Citizen FD

The South Indian Bank senior citizen FD scheme is designed to offer additional interest to resident seniors above the age of 60 years. Accordingly, South Indian Bank senior citizen FD interest rates are 0.50% p.a. higher than the rates offered on regular FDs. As of 29th September 2025, the highest rate is 7.10% p.a. for a tenure of 1 year. 

Read this article if you’re planning to book a South Indian Bank senior citizen FD. It will help you understand the latest South Indian Bank senior citizen FD interest rates, tenures, and premature withdrawal penalties before investing.

Key Features of the South Indian Bank Senior Citizen FD Scheme

Here’s a quick overview of the key features of the South Indian Bank FD scheme for seniors:

Feature	Details
Bonus Rate	0.50% p.a. over the regular rate
Highest Interest Rate	7.10% p.a. for a tenure of 12 months (1 year)
Tenure Options	7 days to 10 years
Minimum Deposit	₹100 for Tax Gain FD ₹1,000 for Flexi Cumulative FD
Interest Payout	Monthly Quarterly At maturity
Premature Withdrawal Penalty	Penalty of 0.50% for deposits below ₹5 Lakhs Penalty of 1% for deposits of ₹5 Lakhs or more. Premature withdrawal not allowed for Tax Gain deposits.
Loan Facility	Allowed (except Tax Gain)
Nomination Facility	Available
Taxation	TDS is applicable on the interest earned  Seniors can submit Form 15H to avoid TDS deduction (if eligible).
Auto-renewal	Allowed

Note: The above data is valid as of 29th September 2025. Interest rates and other policies are subject to change without prior notice. Please check the details before investing.

Latest South Indian Bank FD Interest Rates for Senior Citizens 2025

South Indian Bank offers special interest rates for senior citizens on the following:

• Domestic Term deposits 
• Retail Non-Callable deposits
• Tax Gain deposits

Senior citizens can choose from a variety of FD schemes, with preferential rates available as per the bank’s rate charts for specific investment amounts. Let’s have a look at the latest South Indian Bank fixed deposit interest rate for senior citizens: 

1) South Indian Bank FD Interest Rates for Senior Citizens - Domestic Term Deposits Under ₹3 Crore

South Indian Bank FD interest rates on senior citizen FDs below ₹3 Crores are listed below:

Tenure	Interest rate (p.a.)
7 days to 30 days	3.40%
31 days to 90 days	4.00%
91 days to 99 days	5.00%
100 days to 180 days	5.30%
181 days to 270 days	6.20%
271 days to less than 1 year	6.50%
1 year	7.10% (highest)
Above 1 year to 1 year 6 days	6.60%
1 year 7 days to 399 days	6.70%
400 days	6.80%
401 days to less than 5 years	6.70%
5 years to less than 66 months	6.20%
66 months (Green Deposit)	6.50%
Above 66 months up to and including 10 years	6.20%

Note: The above South Indian Bank senior citizen interest rates are valid as of September 29, 2025. Rates are subject to change without prior notice. Please verify the latest rate before investing.

Some Important Points

• Senior citizens earn the highest FD interest rate of 7.10% p.a. for a tenure of 1 year.
• South Indian Bank senior citizen FD interest rates apply to only resident individuals or when the account is opened jointly with another resident citizen. 
• No interest is paid if you close the FD before 7 days. 
• Breaking the FD after 7 days attracts a 0.5% penalty (if investment is below ₹5 Lakhs) and 1% penalty (if investment is equal to or above ₹5 Lakhs).
• You can choose from monthly, quarterly, and maturity interest payout options.
• TDS is applicable on interest income from the FD.

2) South Indian Bank FD Interest Rates for Senior Citizens - Non-Callable Deposits (Above ₹1 Crore and Less Than ₹3 Crore)

South Indian Bank also offers non-callable domestic deposits, where seniors earn higher interest than regular depositors. Under this deposit option, resident senior citizens can create a high-value deposit of above ₹1 Crore but less than ₹3 Crore. 

Let’s review the latest South Indian Bank FD interest rates for senior citizens under the non-callable deposit option:

Tenure	Interest Rate (p.a.)
1 year	6.70%

Note: The above interest rate is valid as of September 29, 2025. It is subject to change without prior notice. Please verify the latest rate before investing.

Some Important Points

• Only resident depositors can claim this South Indian Bank senior citizen FD interest rate.
• The minimum deposit required is ₹1 Crore, and the maximum permissible amount is just under ₹3 Crores.
• No premature withdrawals are allowed during the 1-year tenure. 
• The deposit is available under cumulative and simple interest schemes.
• No loan or overdraft facilities can be availed against the non-callable deposit scheme.

3) South Indian Bank FD Interest Rates for Senior Citizens - Tax Gain FD

Under the Tax Gain 2006 FD scheme, senior citizens can enjoy higher interest rates and tax deductions of up to ₹1.5 Lakhs u/s 80C. This deduction is applicable for on the principal invested. 

The current interest rate on tax saving FDs for senior citizens is as follows:

Tenure	Interest Rate (p.a.)
5 years	6.20%

Note: The above interest rate is valid as of September 29, 2025. Rates are subject to change without prior notice. Please verify the latest rate before investing.

Some Important Points

• The Tax Gain FD has a mandatory 5-year lock-in period.
• The minimum investment amount is ₹100 and maximum is ₹1.5 Lakhs.
• Premature withdrawals and loan against the FD are not permitted.
• Nomination facility is available for this FD scheme.
• TDS is applicable on the interest earned. 

Looking for More Options? Try the Senior Citizen FDs Available on GoldenPi!

South Indian Bank offers senior citizens safe and rewarding FD options, with interest rates of up to 7.10% p.a. for a 1-year deposit (below ₹3 Crores). Those investing more than ₹1 Crore in a non-callable FD can earn 6.85% p.a., while a Tax Saver FD provides 6.20% p.a. along with tax benefits.

Looking for even better rates? Explore the GoldenPi platform to compare senior citizen FDs from leading banks and NBFCs offering attractive returns.