FD Interest Rates February 2026: The repo rate has been kept unchanged even after the last monetary policy meeting of the Reserve Bank of India (RBI). As a result, depositors are rethinking their plans to invest in fixed deposits (FDs). According to experts, there is no certainty that it will decrease or increase after the next meeting. Therefore, FDs can be made at the current interest rate. The repo rate has been kept unchanged at 5.25 percent in the meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India. In the last bi-monthly monetary policy announcement of the current financial year on Friday, RBI Governor Sanjay Malhotra said that it has been decided to maintain a neutral policy by keeping the interest rate on short-term loans unchanged.
The RBI had cut the repo rate a total of four times in 2025. In total, it was reduced by 125 basis points or 1.25 percent. Before the February meeting, the repo rate was also reduced by 25 basis points in December. Generally, a reduction in the repo rate reduces the cost of borrowing by banks and this also affects the interest rate on deposits. That is, the interest rate on FDs may also decrease.
However, financial experts believe that since the repo rate remained unchanged in the February meeting, there is an opportunity to make FDs at the current interest rate. Many are suggesting adopting the ‘FD laddering’ strategy. In this method, a large sum of money is divided into FDs of different tenors. On the one hand, it provides interest benefits, and on the other hand, there is the advantage of receiving some part of the money at regular intervals.
According to experts, if you have a balanced plan combining 1-year, 2-year and 3-year FDs, it will be possible to take advantage of future interest rate increases.
State Bank of India (SBI) FD Interest Rate
SBI revised its FD interest rate on December 12, 2025. Currently, the interest rate for general customers is 3.05% to 6.45% and for senior citizens from 3.55% to 7.05%.
Tenure General Customers Senior Citizens
7-45 days 3.05% 3.55%
46-179 days 4.90% 5.40%
180-210 days 5.65% 6.15%
1 year-2 years 6.25% 6.75%
2 years-3 years 6.40% 6.90%
5 years-10 years 6.05% 7.05%
HDFC Bank FD Interest Rates
HDFC Bank revised its FD interest rates on December 17, 2025. Currently, the interest rate for general customers is 2.75% to 6.45% and for senior citizens, it is 3.25% to 6.95%.
Tenure General Customer Senior Citizen
7-14 days 2.75% 3.25%
6 months-9 months 5.50% 6.00%
1 year-15 months 6.25% 6.75%
18 months-2 years 6.45% 6.95%
3 years-5 years 6.40% 6.90%
5 years-10 years 6.15% 6.65%
YES Bank FD Interest Rate
YES Bank is currently offering FD interest rates of 3.25% to 7% for general customers and 3.75% to 7.75% for senior citizens.
Banks offering the highest FD interest rates in February 2026
Banks offering the highest FD interest
Suryoday Small Finance Bank 7.90%
Jana Small Finance Bank 7.77%
ESAF Small Finance Bank 7.60%
Utkarsh Small Finance Bank 7.50%
Shivalik Small Finance Bank 7.50%
Ujjivan Small Finance Bank 7.45%
Equitas Small Finance Bank 7.20%
Bandhan Bank 7.20%
RBL Bank 7.20%
DCB Bank 7.15%
Capital Small Finance Bank 7.15%
With the repo rate remaining stable, investors are increasingly interested in investing in FDs. Fixed deposits are still a good option, especially for those who want a steady return without risk. The financial community is now focusing on where interest rates will go in the future.
Note: Share and investment related reports are just market observations. These are not investment advice. Before investing in the market, you must study and take expert help.
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