Up to 8.6% interest available on FDs in November 2026; check rates from HDFC, ICICI, and PNB to Utkarsh Small Finance Bank..

If you are planning to invest in a traditional option like a Fixed Deposit (FD) to avoid the volatility of the stock market or mutual funds, this information might be useful for you. Before investing in an FD, it is important to be aware of the interest rates offered by various banks.
Several banks, including HDFC Bank, ICICI Bank, Bank of Baroda, and Indian Overseas Bank, have adjusted their FD interest rates over the past month. These banks have increased rates for certain tenures, with general customers now able to earn up to 8.25% interest, and senior citizens up to 8.60%. Let’s take a look at the latest FD interest rates offered by major banks.

HDFC Bank
HDFC Bank has increased interest rates for certain FD tenures. Senior citizens can now earn a maximum interest rate of 7.20% on FDs with tenures ranging from 3 years and 1 day to 5 years. Meanwhile, general customers can earn a maximum interest rate of 6.60% on FDs with tenures ranging from 3 years and 1 day to 10 years. According to the bank's website, these new FD rates have been in effect since November 4, 2026.

ICICI Bank
ICICI Bank is currently offering interest rates ranging from 2.75% to 6.6% on FDs with tenures between 7 days and 10 years. For senior citizens, the bank offers a maximum interest rate of 7.20% on tenures ranging from 3 years and 1 day to 5 years. General customers can earn a maximum interest rate of 6.6% on FDs with tenures ranging from 3 years and 1 day to 10 years. These new rates have been in effect since October 23, 2026.

Bank of Baroda
Bank of Baroda is offering interest rates of up to 6.85% for general customers, 7.35% for senior citizens, and 7.45% for super senior citizens on its 555-day fixed deposit (FD)—also known as the 'BoB Golden Goal Deposit Scheme'. Previously, the bank offered an interest rate of 6.75% to the general public for the same tenure. These revised FD rates have been in effect since November 12, 2026.

Indian Overseas Bank
Indian Overseas Bank (IOB) has increased the interest rate on its 444-day special fixed deposit (FD) by 15 basis points, raising it from 6.60% to 6.75% for general customers. The bank provides an additional interest rate of 0.50% to senior citizens; consequently, senior citizens can earn up to 7.25% interest on a 444-day FD. These revised FD rates at Indian Overseas Bank have been in effect since November 10, 2026.

Additionally, the bank has increased FD interest rates for deposits with tenures of 18 months and those ranging from two years to less than three years. Senior citizens can now earn up to 7.40% interest per annum for both these tenures. The new rates will be effective from November 12, 2026.

Punjab National Bank
Punjab National Bank (PNB) is offering interest rates ranging from 3% to 6.60% to the general public. Senior citizens can avail of a maximum interest rate of 7.10% for a tenure of 444 days. These revised rates have been in effect since November 1, 2026.

Canara Bank
Canara Bank is offering the highest interest rate on its 555-day special fixed deposit (FD) scheme. Canara Bank has increased the interest rate on fixed deposits (FDs) with a tenure of 555 days for the general public from 6.60% to 6.75%. For the same FD, senior citizens will now receive an interest rate of 7.25%, up from the previous 7.10%. These new interest rates have been in effect since November 2, 2026.

Indian Bank
Indian Bank has raised the interest rate on its 'Ind Grow' (555-day) FD from 6.65% to 6.80%—the highest among all its fixed deposit offerings. Senior citizens can now earn interest at a rate of 7.30% for the same tenure.
The bank has also increased the interest rate on its 'Ind Prosper' (777-day) FD; general customers can now earn 6.75% interest, up from 6.60%. Senior citizens can earn 7.30% interest for this same tenure. These new FD rates apply to deposits of less than ₹3 crore and have been in effect since October 23, 2026.

Kotak Mahindra Bank
Kotak Mahindra Bank has increased its fixed deposit interest rates for select tenures. The new rates came into effect on November 4, 2026. The bank is now offering a maximum FD interest rate of 6.80% to general customers for tenures ranging from 2 years to less than 3 years. For senior citizens, the bank is offering an FD rate of 7.55% for the same tenure.

Axis Bank
Axis Bank has also increased its fixed deposit rates for certain tenures. The new rates have been effective since October 29, 2026. The bank is now offering a maximum FD interest rate of 6.60% for tenures ranging from 2 years to 10 years. For senior citizens, the bank is offering a maximum FD interest rate of 7.35% for tenures of 5 to 10 years.

Utkarsh Small Finance Bank
Effective November 1, this small finance bank is offering a maximum interest rate of 8.10% to general customers on FDs with a tenure of 666 days. For senior citizens, the bank is offering an interest rate of 8.50% on FDs for the same tenure.

Suryoday Small Finance Bank
Suryoday Small Finance Bank has increased its fixed deposit interest rates for select tenures. The new rates came into effect on October 30, 2026. The bank is now offering a maximum FD interest rate of 8.25% to general customers for a tenure of 5 years.
For senior citizens, this small finance bank is offering an FD interest rate of 8.60% for the same tenure.

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