FD Interest Rates Updated: 4 Banks Revise Fixed Deposit Rates, Senior Citizens Can Earn Up to 8.10%
Several banks in India have revised their fixed deposit (FD) interest rates in March 2026, offering better returns for investors. The updated rates apply mainly to deposits below ₹3 crore and include higher interest benefits for senior citizens.
Banks such as Suryoday Small Finance Bank, HDFC Bank, Yes Bank, and Bandhan Bank have recently updated their FD rates. Following the revisions, senior citizens can earn up to 8.10% annual interest on select tenures, making fixed deposits an attractive investment option for those seeking stable and predictable returns.
Fixed deposits remain one of the most popular investment choices in India due to their low risk, guaranteed returns, and flexible tenure options.
Suryoday Small Finance Bank
Suryoday Small Finance Bank (SSFB) has revised its FD interest rates for deposits below ₹3 crore. The new rates came into effect on March 6, 2026.
Under the updated structure, general investors can earn up to 7.90% interest on a 5-year fixed deposit, while senior citizens can receive up to 8.10% interest for the same tenure.
This makes Suryoday Small Finance Bank one of the institutions offering some of the highest FD returns among small finance banks.
HDFC Bank
HDFC Bank, one of India’s largest private sector banks, has also revised interest rates for certain FD tenures below ₹3 crore. The updated rates became effective from March 6, 2026.
After the revision:
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General customers: 2.75% to 6.50% interest per year
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Senior citizens: 3.25% to 7.00% interest per year
The highest interest rate of 6.50% for regular investors and 7.00% for senior citizens is offered for specific medium-term deposits.
Key HDFC Bank FD Rates
| Tenure | Interest Rate | Senior Citizen Rate |
|---|---|---|
| 7–14 days | 2.75% | 3.25% |
| 30–45 days | 3.25% | 3.75% |
| 46–89 days | 4.25% | 4.75% |
| 6–9 months | 5.50% | 6.00% |
| 9–12 months | 5.75% | 6.25% |
| 1–15 months | 6.25% | 6.75% |
| 3–4 years | 6.50% | 7.00% |
These rates may vary slightly depending on the deposit tenure selected by the customer.
Yes Bank
Yes Bank has also updated its FD interest rates effective March 5, 2026, for deposits below ₹3 crore.
Under the revised structure:
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General customers: 3.25% to 7.00% interest per year
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Senior citizens: 3.75% to 7.75% interest per year
The bank is offering its highest interest rates on deposits ranging from 36 months to less than 60 months, making it a competitive option for medium-term investments.
Sample Yes Bank FD Rates
| Tenure | General Rate | Senior Citizen Rate |
|---|---|---|
| 7–14 days | 3.25% | 3.75% |
| 46–90 days | 4.50% | 5.00% |
| 6–9 months | 6.00% | 6.50% |
| 12 months | 6.65% | 7.15% |
| 18–24 months | 7.00% | 7.50% |
Bandhan Bank
Bandhan Bank has also revised its FD interest rates effective March 5, 2026.
After the revision:
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General customers: 2.95% to 7.25% interest per year
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Senior citizens: 3.70% to 7.75% interest per year
The bank is offering its highest interest rate on deposits with tenures between 2 years and less than 3 years.
Key Bandhan Bank FD Rates
| Tenure | General Rate | Senior Citizen Rate |
|---|---|---|
| 7–14 days | 2.95% | 3.70% |
| 3–6 months | 4.20% | 4.95% |
| 1 year | 7.00% | 7.50% |
| 2–3 years | 7.25% | 7.75% |
| 3–5 years | 7.00% | 7.50% |
Why FD Remains a Popular Investment
Fixed deposits continue to attract investors due to their predictable returns and low-risk nature. They are particularly popular among conservative investors and senior citizens who prefer stable income rather than market-linked investments.
Key advantages of FDs include:
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Guaranteed returns
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Flexible investment tenures
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Higher interest rates for senior citizens
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Capital protection
However, financial experts recommend comparing interest rates across banks and selecting tenures carefully to maximize returns.
With several banks revising FD rates in March 2026, investors now have more opportunities to earn better returns while maintaining financial stability.
