Private bank · typically 60 years and above
South Indian Bank Senior Citizen rates
The highest senior citizen rate South Indian Bank publishes today is 7.30% for 30 Months. All 21 published terms are below, exactly as the bank states them.
South Indian Bank currently publishes 2 rate cards with different effective dates — 19 Jun 2026 and 16 May 2026. They are shown as separate tables below rather than merged, because a single blended table would be a rate card this bank never issued.
Published terms
21
distinct rows on the bank’s own rate card
Rate range
3.40% – 7.30%
lowest to highest across all terms
Senior citizen premium
+0 to +50 bps
extra rate over the general card, by term
Bank type
Private
as classified by the RBI
Fixed deposit · 18 terms
Source: South Indian Bank interest-rate page| Tenure | Senior Citizen rate | General | Premium | Amount | Effective |
|---|---|---|---|---|---|
| 7 to 30 Days | 3.40% | 2.90% | +50 bps | ₹100 – ₹3.00 Cr | 19 Jun 2026 |
| 31 to 90 Days | 4.00% | 3.50% | +50 bps | ₹100 – ₹3.00 Cr | 19 Jun 2026 |
| 91 to 99 Days | 5.00% | 4.50% | +50 bps | ₹100 – ₹3.00 Cr | 19 Jun 2026 |
| 100 to 180 Days | 5.30% | 4.80% | +50 bps | ₹100 – ₹3.00 Cr | 19 Jun 2026 |
| 181 to 270 Days | 6.00% | 5.50% | +50 bps | ₹100 – ₹3.00 Cr | 19 Jun 2026 |
| 271 Days to < 1 Year | 6.40% | 5.90% | +50 bps | ₹100 – ₹3.00 Cr | 19 Jun 2026 |
| 1 Year | 6.75% | 6.25% | +50 bps | ₹100 – ₹3.00 Cr | 19 Jun 2026 |
| > 1 Year to 371 Days | 6.35% | 5.85% | +50 bps | ₹100 – ₹3.00 Cr | 19 Jun 2026 |
| 372 Days | 6.90% | 6.40% | +50 bps | ₹100 – ₹3.00 Cr | 19 Jun 2026 |
| 373 Days to < 18 Months | 6.55% | 6.05% | +50 bps | ₹100 – ₹3.00 Cr | 19 Jun 2026 |
| 18 Months | 7.10% | 6.60% | +50 bps | ₹100 – ₹3.00 Cr | 19 Jun 2026 |
| > 18 to < 30 Months | 6.35% | 5.85% | +50 bps | ₹100 – ₹3.00 Cr | 19 Jun 2026 |
| 30 Months | 7.30% | 6.80% | +50 bps | ₹100 – ₹3.00 Cr | 19 Jun 2026 |
| > 30 Months to < 3 Years | 6.35% | 5.85% | +50 bps | ₹100 – ₹3.00 Cr | 19 Jun 2026 |
| 3 to < 5 Years | 6.70% | 6.20% | +50 bps | ₹100 – ₹3.00 Cr | 19 Jun 2026 |
| 5 Years to < 66 Months | 6.20% | 5.70% | +50 bps | ₹100 – ₹3.00 Cr | 19 Jun 2026 |
| 66 Months | 6.50% | 6.00% | +50 bps | ₹100 – ₹3.00 Cr | 19 Jun 2026 |
| > 66 Months to and including 10 Years | 6.20% | 5.70% | +50 bps | ₹100 – ₹3.00 Cr | 19 Jun 2026 |
Other fixed deposits at South Indian Bank
Same bank, different rules on breaking the deposit and on tax. Each carries its own rate card, its own effective date, and a link to the page it came from.
Non-callable fixed deposit
Source: South Indian Bank interest-rate page — the bank's general rate page, not a dedicated oneCannot be withdrawn before maturity. Banks usually pay more for that, and the minimum is usually higher.
| Tenure | Senior Citizen rate | General | Premium | Amount | Effective |
|---|---|---|---|---|---|
| 1 Year | 6.45% | 6.45% | same | ₹1.00 Cr – ₹3.00 Cr | 16 May 2026 |
| 30 Months | 7.00% | 7.00% | same | ₹1.00 Cr – ₹3.00 Cr | 16 May 2026 |
Tax-saver fixed deposit
Source: South Indian Bank interest-rate page — the bank's general rate page, not a dedicated oneQualifies for the Section 80C deduction and carries a 5-year lock-in. It cannot be broken early.
| Tenure | Senior Citizen rate | General | Premium | Amount | Effective |
|---|---|---|---|---|---|
| 5 Years | 6.20% | 5.70% | +50 bps | ₹100 – ₹1.50 L | 19 Jun 2026 |
Opening a fixed deposit with South Indian Bank
South Indian Bank publishes 21 separate terms for senior citizens, starting from ₹100. The highest is 7.30% at 30 Months.
Read the term column before you commit. Banks price odd terms deliberately — this one lists 7 to 30 Days, and asking for a round number instead can put you in a lower bucket. The rate you get is the one printed against the term you actually book.
You can usually open a deposit inside SIB Mirror+, at a branch, or through net banking. Eligibility, documents and premature-withdrawal penalties are set by South Indian Bank and change without notice, so read their deposit terms & conditions. We publish rates, not advice.