# Senior citizen FD rates at 8.50% from small banks in August 2026

2026-08-12T00:51:14+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 2 independent outlets

Shivalik Small Finance Bank offers senior citizens 8.50% on fixed deposits of 23 months one day to 27 months, the highest rate in August 2026. Other small finance banks such as Jana, Unity, Suryoday, Utkarsh and Equitas offer between 8.24% and 8.30% for select tenures. In contrast, large banks like SBI (6.90%), HDFC Bank (7%) and ICICI Bank (7.10%) pay lower rates. Meanwhile, banks like DCB Bank, RBL Bank and YES Bank offer competitive rates of up to 7.50% for general deposits up to Rs 1 crore, according to Livemint. Deposits are insured up to Rs 5 lakh per bank under DICGC. Experts advise comparing tenure, payout options and tax implications before investing.

## Coverage

- businesstoday.in <https://www.businesstoday.in/personal-finance/investment/story/senior-citizen-fd-rates-in-august-2026-these-banks-offer-up-to-8-50-548142-2026-08-11?utm_source=rssfeed>
- livemint.com <https://www.livemint.com/money/personal-finance/fd-rates-which-banks-are-offering-the-best-returns-on-fixed-deposits-right-now-11786540128678.html>

Tags: DICGC, fixed deposits, interest rates, senior citizens, Shivalik Bank, small finance banks
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