Top Senior Citizen Savings Account 2025

1. HDFC Senior Citizens Account offers free NEFT, travellers’ cheques, SMS alerts, email statements, passbooks, InstaAlerts, and BillPay. Higher interest rates are provided on Fixed Deposits.

1. Account holders receive a free debit card with cashback and reward points. Insurance benefits include ₹2 lakh for baggage loss, fire, and burglary, ₹5 lakh accidental death cover, and ₹50,000 for accidental hospitalisation per year.

1. Individuals above 70 years can avail doorstep banking services. Additionally, a free Demat account is provided for the first year.

Indus Senior Savings Account

Catering to all segments of society, the IndusInd bank has rolled out the Indus Senior Savings account. Addressing the fact that the elderly and the retired of the country are often neglected, IndusInd Bank introduced the Indus Senior Savings Account, which comes with numerous privileges for senior citizens.

Features & Benefits:

1. Indus Senior Savings Account offers two variants – Indus Senior Privilege and Indus Senior Maxima. Account holders receive a free debit card, additional 0.5% interest on fixed deposits, and personal accident insurance of ₹1 lakh.

1. Indus Senior Maxima provides a higher withdrawal limit of ₹1 lakh per day, clubbing of up to three accounts for family wealth management, a 20% discount on locker rentals for the first year, and medical insurance up to ₹50,000 for fractures.

1. Free NEFT and RTGS transfers, internet and mobile banking, doorstep banking for cash/cheque pickup, one free international ATM withdrawal, and free demand drafts/pay orders up to ₹50,000 are additional benefits.

IDBI Jubilee Plus Account for Senior Citizens

IDBI Jubilee Plus Account is specially crafted to meet the banking requirements of senior citizens. This IDBI savings account combines the benefit of easy banking facilities with a host of other special privileges. It provides higher interest rates, exclusive privileges, and seamless banking services to cater to the needs of individuals aged 60 and above.

Features & Benefits:

1. Quarterly e-Statements are provided at no extra cost, along with free phone and internet banking services for seamless banking.

1. Account holders benefit from a 25% discount on locker charges, free NEFT transactions, and the option to pay utility bills online via Net Banking.

1. Enhanced features include Sweep In / Sweep Out for balances above Rs. 15,000, a higher ATM withdrawal limit of Rs. 50,000 per day, and a free zero balance sponsor account.

Canara Jeevan Dhara - Savings account for senior citizens

In an attempt to cater to all segments of society, Canara Bank has rolled out savings accounts for the rich, underprivileged, and for senior citizens. With senior citizens often neglected, Canara Bank has launched Canara Jeevan Dhara which caters specifically to citizens of the country that are over the age of 60 years. With the primary benefit of the savings account being a zero-balance savings account, the Canara Jeevan Dhara Savings account comes with many other numerous benefits.

Features & Benefits:

1. The primary benefit of the Canara Jeevan Dhara Savings account for senior citizens is that it is a zero-balance savings account. With this savings account, senior citizens do not have to maintain a minimum balance and there are no maintenance charges.

1. The interest rate per annum is at 4% for deposits for senior citizens holding the Canara Jeevan Dhara Savings account. The interest is paid half-yearly on the deposit amount in the account.
2. The daily cash withdrawal limit is Rs.25,000.

ICICI Senior Citizens Savings Account - Life Plus

ICICI Bank offers a savings account scheme for senior citizens, called the ‘Life Plus’ Senior Citizens Savings Account. An individual above 60 years of age can avail the special privileges and benefits provided through this savings account scheme and enjoy the convenience of superior banking solutions as well.

Features & Benefits:

1. ICICI Senior Citizens Savings Account offers priority assistance with a dedicated help desk, doorstep banking for cash deposits, withdrawals, and KYC submissions, along with 24/7 phone banking support.
2. Retirement solutions include Monthly Payout FD, Senior Citizen Savings Scheme (SCSS), National Pension System (NPS), and Public Provident Fund (PPF), ensuring secure investments and tax benefits.
3. Digital banking features like online fund transfers, fixed deposit opening, tax payments, and digital life certificate submission provide convenience, security, and ease of access.