Fixed deposit investors have received some positive news as several Indian banks have revised their interest rates on selected fixed deposit schemes . ICICI Bank and Indian Bank are among the lenders that have increased returns on specific deposit tenures, giving savers an opportunity to earn higher interest.
These revisions follow the Reserve Bank of India’s policy rate increase, which has influenced banks’ deposit pricing decisions.
ICICI Bank Increases FD Interest Rates
ICICI Bank revised interest rates on selected fixed deposits below ₹3 crore .
For general customers, the interest rate on deposits with tenures ranging from three years and one day to five years has increased from 6.50% to 6.60%.
The revised 6.60% rate also applies to selected longer-term deposits of five years and one day to 10 years. Eligible senior citizens can receive interest of up to 7.20% on certain deposit tenures.
Indian Bank Offers Higher Returns on Special FDs
Indian Bank has also revised rates on two special fixed deposit schemes.
The interest rate on its 555-day Ind Grow deposit has increased from 6.65% to 6.80%. Meanwhile, the rate on the 777-day Ind Prosper deposit has moved from 6.60% to 6.75%.
These revised rates also became effective on October 23, 2026. Eligible senior citizens receive an additional 0.50 percentage point over the applicable general customer rates.
SBI and HDFC Bank FD Rates
The latest available rate information shows that SBI offers a maximum interest rate of 6.40% to general customers on selected deposits with a tenure of two years to less than three years. Senior citizens can receive up to 7.05% on eligible deposits.
HDFC Bank offers a maximum rate of 6.50% to general customers and 7.10% to senior citizens on selected deposit tenures.
Interest rates depend on the deposit amount, duration and customer category.
What FD Investors Should Check Before Booking
Before opening a new fixed deposit, customers should compare the interest rate, maturity period, premature withdrawal conditions and applicable tax rules.
Banks may revise rates at different times and not every deposit tenure receives an increase. Customers should therefore check the latest official rate card before making a deposit.
