The banking sector has recently seen changes in fixed deposit (FD) interest rates. Many banks have updated their FD rates for March 2026. Let’s learn more about this topic…
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FD Interest Rates March 2026: The banking sector has recently seen changes in fixed deposit (FD) interest rates. Several banks have updated their FD rates for March 2026. Following the new changes, some banks are offering returns of over 8 percent to senior citizens.
Banks that have revised their FD rates include HDFC Bank, Yes Bank, Bandhan Bank, and Suryoday Small Finance Bank. These new rates apply to FDs of different tenures. Let’s learn more about this topic…
HDFC Bank’s New Interest Rates
HDFC Bank has revised the interest rate on fixed deposits of less than ₹3 crore. According to the bank’s website, the new rates are effective from March 6, 2026. Under the new interest rates, general customers now receive interest rates ranging from 2.75% to 6.50%.
Interest rates for senior citizens range from 3.25% to 7%.
Yes Bank’s revised FD rates
Yes Bank has also updated its interest rates for fixed deposits of less than ₹3 crore. The new rates are effective from March 5, 2026. Following the changes, interest rates for general customers range from 3.25% to 7%.
Senior citizens can expect returns ranging from 3.75% to 7.75%. According to the bank, the highest interest rates are offered on fixed deposits with tenures ranging from 36 months to less than 60 months.
Bandhan Bank also revised its FD rates
Bandhan Bank has also decided to revise its interest rates on fixed deposits of less than ₹3 crore. The new interest rates will be effective from March 5, 2026. Regular customers will receive interest rates ranging from 2.95% to 7.25%, while senior citizens will receive interest rates ranging from 3.70% to 7.75%.
Suryoday Small Finance Bank
Suryoday Small Finance Bank has also revised its interest rates on fixed deposits of less than ₹3 crore. The new rates will be effective from March 6, 2026. Following the changes, regular customers can earn a maximum interest rate of 7.90% on 5-year FDs.
Senior citizens will receive a return of up to 8.10% on FDs of the same duration.
