The bank offers a comprehensive range of banking products and services, including retail banking, corporate banking, treasury, and wealth management. It caters to individuals, businesses, and institutions, offering deposit accounts, loans, credit cards, and investment products. Indian Bank has been focusing on leveraging technology to enhance its digital banking services, offering mobile banking, internet banking, and other digital platforms.
Indian Bank’s strengths include its extensive network, strong brand recognition, and experience in serving a wide range of customers. As a public sector bank, it also benefits from government support. However, like other banks, it faces challenges such as managing non-performing assets (NPAs), competition from private sector banks, and adapting to the evolving financial landscape.
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Five Banks, Including City Union Bank, DCB Bank, and J&K Bank, Hike Fixed Deposit Rates, Offering Up to 7.65% Interest for Senior Citizens
This week, six banks in India revised their fixed deposit (FD) rates, continuing a trend of reductions over the past few months. The revised rates for senior citizens now range between 6.50% and 8.00% across most banks. The banks that revised their FD rates include City Union Bank, DCB Bank, J&K Bank, South Indian Bank, Kotak Mahindra Bank, and AU Small Finance Bank.
City Union Bank, a private sector bank, revised its FD interest rates on January 14, 2026. The bank is now offering senior citizens a deposit rate of 7.25%, while super senior citizens (those 80 years and above) can earn a deposit rate of 7.50%. The revised interest rates for senior and super senior citizens at City Union Bank vary depending on the tenure of the deposit. For senior citizens, the rates are: 7.00% for 365-499 days, 7.25% for 500 days, 6.75% for 501 days to three years, and 6.50% for above three years to 10 years.
For super senior citizens, the rates are slightly higher: 7.05% for 365-499 days, 7.50% for 500 days, 6.80% for 501 days to three years, and 6.60% for above three years to 10 years. These revised rates are indicative of the current market trend, where banks are adjusting their interest rates in response to changes in the economy and monetary policy. It is essential for depositors to review the revised rates and consider their options before making any investment decisions. The changes in FD rates may impact the returns on deposits, and individuals should evaluate their financial goals and risk tolerance before choosing a deposit tenure and bank.
Eight banks, including PNB, Indian Bank, ICICI Bank, and Jana SFB, have revised their fixed deposit rates, with seniors now eligible for up to 8.00% interest.
The Indian government has maintained the interest rates for small savings schemes for the last quarter of the fiscal year 2024-25. However, several banks have reduced their fixed deposit (FD) rates. In the week ending January 3, 2026, eight banks, including Punjab National Bank (PNB), Indian Bank, and ICICI Bank, among others, revised their FD rates.
For senior citizens, the revised rates vary across banks. Punjab National Bank (PNB), a public sector bank, revised its rates on January 1, 2026. Senior citizens can earn a maximum interest rate of 6.90%, while super seniors (80 years and above) can earn up to 7.20%. The revised rates for seniors at PNB are as follows: 6.60% for one year, 6.80% for more than one year to 389 days, 6.90% for 390 days, and 6.80% for 391 days to 505 days.
The rates for seniors at PNB are also 6.80% for 506 days, 6.80% for 507 days to two years, and 6.80% for more than two years to three years. For longer tenures, the rates are 6.60% for more than three years to 1203 days, 6.55% for 1,204 days, and 6.60% for 1,205 days to five years. The rates for tenures exceeding five years are 6.80% for more than five years to 1894 days, 6.80% for 1,895 days, and 6.80% for 1,896 days to 10 years.
Super seniors at PNB can earn 0.30% (30 basis points) higher interest rates than seniors for tenures up to five years. However, for longer tenures, the rates are the same for both seniors and super seniors. It is essential for senior citizens to review the revised rates and tenures offered by various banks to make informed decisions about their fixed deposits. The reduction in FD rates by several banks may impact the returns on investment for senior citizens, and they should consider these changes when planning their investments.
Karthikeyan Manickam takes over as Chairman of ESAF Small Finance Bank
ESAF Small Finance Bank has appointed Karthikeyan Manickam as its new Chairman. With over 36 years of experience in public sector banking, Karthikeyan brings a wealth of expertise to the role. He previously served as Executive Director of Bank of India, where he was part of the top management team and played a key role in shaping policies and strategies across various portfolios. His areas of expertise include banking operations, risk management, regulatory compliance, human resources management, and financial inclusion.
As Chairman of ESAF Small Finance Bank, Karthikeyan will provide strategic guidance and independent oversight to the Board. His primary focus will be on promoting inclusive banking, improving asset quality, ensuring regulatory compliance, and driving sustainable growth. He will also prioritize delivering high standards of customer service, which will help to reinforce stakeholder confidence in the Bank.
Karthikeyan’s experience in public sector banking is extensive, having held senior leadership positions at Indian Bank and served on the boards of several other financial institutions, including Tamil Nadu Grama Bank and BOI STAR Investment Managers Pvt. Ltd. He was also the Chairman of Star Union Dai-ichi Life Insurance Company Limited (SUD Life). His expertise in risk management, credit monitoring, and recovery will be particularly valuable to ESAF Small Finance Bank as it navigates an increasingly dynamic financial environment.
The appointment of Karthikeyan as Chairman is expected to support the Bank’s continued growth and development. His leadership will help to drive the Bank’s mission of promoting financial inclusion and delivering high-quality customer service. With his extensive experience and expertise, Karthikeyan is well-positioned to guide the Bank towards achieving its strategic objectives and reinforcing its position in the financial services sector. Overall, the appointment of Karthikeyan as Chairman of ESAF Small Finance Bank is a significant development that is expected to have a positive impact on the Bank’s future growth and success.
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Senior citizens can earn up to 8% interest rate for a 3-year investment; check the complete list of participating banks.
For senior citizens investing for a period of three years, several banks are offering a fixed deposit (FD) rate of up to 8%. This is a significant incentive for seniors who are looking to grow their savings while minimizing risk.
The banks offering these high FD rates for senior citizens include major players in the banking industry. Some of the top banks offering up to 8% FD rates for seniors investing for three years are:
1. Bank of Baroda: Offering 7.75% to 7.95% interest rates for senior citizens, depending on the deposit amount and tenure.
2. Canara Bank: Providing 7.75% to 7.9% interest rates for senior citizens, with varying rates based on deposit amount and tenure.
3. Indian Bank: Offering 7.75% interest rate for senior citizens, with higher rates applicable for larger deposits.
4. Punjab National Bank: Giving 7.75% to 7.9% interest rates for senior citizens, depending on the deposit amount and tenure.
5. State Bank of India (SBI): Offering 7.6% to 7.8% interest rates for senior citizens, with varying rates based on deposit amount and tenure.
6. ICICI Bank: Providing 7.75% to 7.9% interest rates for senior citizens, with higher rates applicable for larger deposits and longer tenures.
7. HDFC Bank: Offering 7.75% to 7.9% interest rates for senior citizens, with varying rates based on deposit amount and tenure.
These high FD rates can help senior citizens earn substantial interest on their deposits, ensuring a steady income stream during their retirement years. It’s essential to note that the interest rates may vary depending on the bank, deposit amount, and tenure chosen.
Before investing, senior citizens should carefully review the terms and conditions of the FD, including any penalties for early withdrawal and the minimum deposit requirements. They should also consider their individual financial goals, risk tolerance, and liquidity needs before making a decision.
It’s worth mentioning that senior citizens can also explore other investment options, such as senior citizen savings schemes, provident funds, and pension plans, which may offer higher returns and additional benefits. However, FDs remain a popular choice for seniors due to their low-risk nature and fixed returns.
In conclusion, the high FD rates offered by banks for senior citizens can be an attractive option for those looking to grow their savings over a three-year period. Seniors should carefully evaluate the various options available, considering their individual financial needs and goals, before making an informed investment decision.
How a Product Roadmap Can Shape the Future Pros-value of Suryoday Small Finance Bank Limited: Leveraging Sector Rotation Strategies for Unparalleled Market Success – earlytimes.inAlternatively, here is another version:Unlocking Suryoday Small Finance Bank Limited’s Future Potential: The Impact of Product Roadmap on Value Creation – Expert Insights on Sector Rotation and Unmatched Market Performance – earlytimes.in
The article discusses how a product roadmap can impact the future value of Suryoday Small Finance Bank Limited, an Indian bank that provides financial services to underserved populations. A product roadmap is a plan that outlines the development and launch of new products or services, and it can have a significant impact on a company’s growth and success.
The article suggests that a well-planned product roadmap can help Suryoday Small Finance Bank Limited to stay competitive in the market, improve its customer experience, and increase its revenue. The bank can achieve this by identifying areas where it can innovate and improve its existing products and services, and by developing new products that meet the changing needs of its customers.
The article also discusses the concept of sector rotation strategies, which involves shifting investments from one sector to another in response to changes in the market. This strategy can help investors to minimize their losses and maximize their gains by investing in sectors that are expected to perform well. The article suggests that Suryoday Small Finance Bank Limited can benefit from sector rotation strategies by identifying areas where it can invest its resources to maximize its returns.
Furthermore, the article highlights the importance of unmatched market performance, which refers to the ability of a company to outperform its competitors in the market. The article suggests that Suryoday Small Finance Bank Limited can achieve unmatched market performance by developing a strong product roadmap, improving its customer experience, and investing in areas that are expected to drive growth.
Overall, the article concludes that a product roadmap can have a significant impact on the future value of Suryoday Small Finance Bank Limited. By developing a well-planned product roadmap, the bank can stay competitive, improve its customer experience, and increase its revenue. Additionally, by using sector rotation strategies and focusing on unmatched market performance, the bank can maximize its returns and achieve long-term success.
In the context of Suryoday Small Finance Bank Limited, a product roadmap can help the bank to expand its product offerings, improve its digital channels, and enhance its customer experience. The bank can also use sector rotation strategies to invest in areas such as digital payments, microfinance, and small business lending, which are expected to drive growth in the Indian banking sector. By focusing on unmatched market performance, the bank can differentiate itself from its competitors and achieve long-term success.