Federal Bank hikes senior citizen FD rates to 7.50%

GreyOak summary

Federal Bank increased the additional interest rate benefit for senior citizens on term deposits from 0.50% to 0.60%. Effective November 12, 2026, eligible senior citizens can now earn up to 7.50% per annum on specific tenures for deposits below ₹3 crore. The revision applies to tenures ranging from 18 months to less than three years.