Many banks have changed the interest rates on fixed deposits (FD) in March 2026. After this change, some banks are giving returns of more than 8% to senior citizens. Major banks that have revised their FD rates include HDFC Bank, Yes Bank, Bandhan Bank and Suryoday Small Finance Bank. The new rates of these banks will be applicable on FDs of different tenures.
Suryoday Small Finance Bank
Suryoday Small Finance Bank has changed the interest rates on FD less than Rs 3 crore. The new rates have come into effect from March 6, 2026. According to the new rates, general customers can get up to 7.90% interest on 5 year FD. Whereas senior citizens are being given interest up to 8.10% for the same period. This rate is currently considered to be the highest in this list.
HDFC Bank also increased the rate of FD
HDFC Bank has also increased the interest rate on an FD of less than Rs 3 crore. According to the bank’s website, the new rates have come into effect from March 6, 2026. After the amendment, general customers are getting interest ranging from 2.75% to 6.50%, whereas for senior citizens this rate is between 3.25% to 7%.
Yes Bank’s new FD rates
Yes Bank has also revised the interest rates on FDs of less than Rs 3 crore. The new rates are applicable from March 5, 2026. Now the bank is giving interest ranging from 3.25% to 7% to general customers, while senior citizens can get interest ranging from 3.75% to 7.75%. The highest interest rate of the bank is available on FD with tenure of less than 36 months to 60 months.
Bandhan Bank also made changes
Bandhan Bank has also changed the interest rates on FD less than Rs 3 crore. The new rates have come into effect from March 5, 2026. Now general customers are getting interest ranging from 2.95% to 7.25%. Whereas the interest rate for senior citizens is between 3.70% to 7.75%. The highest interest rate of the bank is available on FD with tenure of less than 2 years to 3 years.
It is important to compare rates before investing
Experts say that before investing in FD, one must compare the interest rates of different banks. This can help investors get better returns. Especially for senior citizens, many banks are currently offering attractive interest rates.