Bank FD Rate: HDFC, Axis and Federal Bank hike FD rates, senior citizens get up to 7.25% interest..

Bank FD Rate Change: There is significant news for customers investing in fixed deposits. Three major private banks in the country—HDFC Bank, Axis Bank, and Federal Bank—have revised their FD interest rates. Following these changes, senior citizens can earn an annual interest rate of up to 7.25%.

On the other hand, the country's largest public sector bank, the State Bank of India (SBI), has delivered a setback by cutting rates on bulk FDs. Find out what returns you can expect by depositing money in these banks now.

Axis Bank FD Rates: Senior citizens to get a maximum interest rate of 7.25%

Axis Bank has revised its interest rates for FDs under ₹3 crore, effective from August 26, 2026. For senior citizens, the bank is offering interest rates ranging from 3.50% to 7.25%. The highest rate of 7.25% is applicable to FDs with tenures ranging from 5 to 10 years.

For general citizens, interest rates range between 3% and 6.50%. The maximum rate of 6.50% is available on tenures ranging from 18 months to 10 years. For FDs between ₹3 crore and ₹5 crore, general customers will earn a maximum of 6.15%, while senior citizens will earn 6.90% on FDs with tenures of 5 to 10 years.

HDFC Bank FD Rates: Interest rates hiked by 10 bps

HDFC Bank has increased interest rates by 10 basis points (0.10%) for senior citizens on FDs with select tenures. These rates are effective from August 19, 2026. Senior citizens will now earn 7.10% interest—up from the previous 7.00%—on deposits with tenures ranging from 3 years and 1 day to less than 4 years and 7 months. This change applies to deposits of less than ₹3 crore. Federal Bank FD Rates: Impressive returns on 48-month FDs

Federal Bank's revised FD rates came into effect on August 17, 2026. Senior citizens can avail of interest rates ranging from 3.50% to 7.20%, while general customers can earn between 3% and 6.70%. Customers will receive the highest returns—6.70% for general customers and 7.20% for senior citizens—on FDs with a tenure of 48 months (4 years).

SBI Bulk FD Rate Cut: State Bank reduces bulk FD rates

While private banks are offering higher interest rates on FDs, the State Bank of India (SBI) has cut interest rates by up to 25 bps on bulk term deposits of ₹3 crore and above. This change is effective from August 15, 2026. Interest rates on bulk FDs with tenures ranging from 7 to 179 days have been reduced by 25 bps for both general customers and senior citizens. Additionally, rates for bulk FDs with tenures of 180 to 210 days have been lowered by 10 bps. SBI has also made some amendments to its cash withdrawal rules.

If you are a senior citizen planning to invest in FDs for secure returns, Axis Bank (7.25%), Federal Bank (7.20%), and HDFC Bank (7.10%) could prove to be excellent options at present. Be sure to select a tenure that suits your convenience before investing.

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