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 April 2026, the highest rate is 7.30% p.a. for a tenure of 2 years. 

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 in 2026:

Note: The above data is valid as of April 2026. Interest rates and other policies are subject to change without prior notice.

Latest South Indian Bank FD Interest Rates for Senior Citizens 2026

South Indian Bank FD interest rates on senior citizen FDs (Domestic Deposits below ₹3 Crores) effective April 2026 are listed below:

Non-Callable Deposits (Above ₹1 Crore and Less Than ₹3 Crore)

For high-value, non-callable domestic deposits of 1 year, senior citizens earn an interest rate of **6.70% p.a.** (as of April 2026). No premature withdrawal is permitted for this scheme.

Tax Gain FD (Section 80C)

The current interest rate for the 5-year Tax Gain FD for senior citizens is **6.20% p.a.** This scheme provides tax deductions up to ₹1.5 Lakhs under Section 80C but carries a mandatory 5-year lock-in period.

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

As of April 2026, South Indian Bank offers peak returns of up to 7.30% p.a. for senior citizens. If you are looking for even more competitive rates, explore the GoldenPi platform to compare FDs from India's leading banks and NBFCs offering safe, rewarding retirement returns.