Several banks in India have revised their Fixed Deposit (FD) interest rates in March 2026, offering improved returns to depositors. The revised rates apply to deposits below ₹3 crore and are offered by banks including HDFC Bank, Yes Bank, Bandhan Bank and Suryoday Small Finance Bank.
Following the changes, senior citizens can earn interest rates of up to 8.10% on select FD tenures.
Key FD Rate Changes
| Bank | Interest Rate (General) | Interest Rate (Senior Citizens) | Key Tenure |
|---|---|---|---|
| Suryoday Small Finance Bank | Up to 7.90% | Up to 8.10% | 5 years |
| HDFC Bank | 2.75% – 6.50% | 3.25% – 7.00% | Multiple tenures |
| Yes Bank | 3.25% – 7.00% | 3.75% – 7.75% | 36–60 months |
| Bandhan Bank | 2.95% – 7.25% | 3.70% – 7.75% | 2–3 years |
Suryoday Small Finance Bank implemented its revised rates from March 6, 2026, offering the highest return of 7.90% for general customers and 8.10% for senior citizens on five-year deposits.
HDFC Bank also revised its rates effective March 6, with general customers earning between 2.75% and 6.50%, while senior citizens can receive up to 7% depending on tenure.
Similarly, Yes Bank introduced new FD rates from March 5, offering up to 7% for regular depositors and 7.75% for senior citizens, with the highest rates available for deposits between 36 and 60 months.
Bandhan Bank also updated its rates from March 5, offering up to 7.25% for general customers and 7.75% for senior citizens, particularly on deposits with tenures between two and three years.
The latest revisions are expected to attract depositors looking for stable and higher returns through fixed-income investment options.
