New Delhi: March is the last month of the financial year, and it’s set to be crucial. Smaller banks have made significant changes to their fixed deposit interest rates. Several banks, including HDFC Bank and Yes Bank, have made surprising decisions regarding fixed deposit interest rates for certain tenures.
Did you know that they have decided to make slight increases on some tenures? In such a situation, if you’re considering investing, you can first find out which bank offers the best interest rates on fixed deposits. Furthermore, you can learn about these important factors in the article below.
What are the interest rates at HDFC Bank?
You’ll be pleased to know that HDFC Bank has implemented new FD rates effective March 6, 2026. The bank now offers general customers interest rates ranging from 2.75% to 6.50%. Senior citizens can benefit from interest rates ranging from 3.25% to 7%.
The bank has decided to increase the interest rate on FDs with tenures ranging from 3 years 1 day to 4 years 7 months by 10 basis points to 6.50%. It has also decided to reduce the interest rates on FDs with other tenures.
Yes Bank Makes Changes in Rates
Yes Bank has also decided to revise its interest rates effective March 5, 2026. The new rates will apply to FDs of less than ₹3 crore. The bank is offering interest rates ranging from 3.25% to 7% for general customers.
Senior citizens are offered interest rates ranging from 3.75% to 7.75%. The bank offers the highest interest rates on FDs with tenures of less than 36 months and less than 60 months.
What are the interest rates of Bandhan Bank and Indian Bank?
Bandhan Bank has also decided to revise its FD rates effective March 6, 2026. The bank is now offering interest rates ranging from 2.95% to 7.25% for general customers and 3.70% to 7.75% for senior citizens. Indian Bank’s special 300-day FD scheme offers interest rates of 7.05% for general customers and 7.55% for senior citizens.
Higher Interest Rates at Small Finance Banks
For your information, some small finance banks are still offering higher interest rates. Suryoday Small Finance Bank offers interest rates of approximately 7.90% for general customers and up to 8.10% for senior citizens on 5-year FDs.
