Get Up to 8% Returns on Fixed Deposits! 7 Banks Including PNB Revise FD Rates

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Fixed Deposit Scheme

Fixed Deposit interest rates February 2026: Fixed deposits (FD) are still the most popular investment medium for most investors in the country. Despite the uncertainty in the market, fixed interest at a specific time; this assurance makes FDs different. In February this year, several banks revised their fixed deposit interest rates. As a result, investors have to recalculate. According to banking circles, interest rates are updated based on the Reserve Bank’s repo rate, inflation and demand for credit. Several public and private banks have changed their FD rates in February 2026. Let’s take a look at them.

How much interest is there in which bank?

Utkarsh Small Finance Bank is offering 8 percent interest to senior citizens on three-year FDs.

Jana Small Finance Bank is offering 8 percent interest to senior citizens for a period of two to three years.

ICICI Bank is offering a maximum interest of 7.1 percent on deposits of three years 1 day to 10 years.

Canara Bank has announced a maximum interest rate of 7 percent for a period of 555 days.

What is the rate of PNB?

Government bank Punjab National Bank (PNB) has implemented new interest rates from February 1, 2026. The bank is offering interest from 3 percent to 6.40 percent for general depositors. For senior citizens, it is 3.50 percent to 6.90 percent. The highest interest rate is available on deposits of 390 days.

Indian Bank’s new scheme

Indian Bank has implemented new interest rates from February 4. The bank is offering interest from 2.80 percent to 6.95 percent for different tenors. In addition, a new scheme called ‘IND Secure’ for 444 days has been launched. In this, the interest rate is 6.45 percent for general customers and 6.95 percent for senior citizens.

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