Major Banks Update FD Rates: HDFC, ICICI Lead with High Offers
Significant updates to FD rates from major banks like HDFC, ICICI, and Axis Bank provide investors with safe and guaranteed returns, making March 2026 a prime time to strategize financial investments. These rates are essential for anyone considering FD as a safe investment option.
Highlights
- •HDFC Bank has updated its FD rates with competitive interest rates for various tenure periods.
- •Major banks such as Yes Bank and Bandhan Bank have also rolled out new FD rates, offering attractive annual interest rates on different tenure FDs.
- •For senior citizens, banks often offer slightly higher FD rates, ensuring a more stable financial outcome.
- •State Bank of India and Bank of Maharashtra have kept their FD rates unchanged, maintaining their previous rates, which might be a matter of interest for some investors.
Major banks such as HDFC, ICICI, and Axis Bank have recently updated their Fixed Deposit (FD) rates for March 2026. This news is crucial for anyone considering FD investments, as guaranteed returns are offered with the stability that FDs provide.
As of March 6, HDFC Bank has adjusted its interest rates:
- 9 months 1 day to less than 1 year: 5.75% interest
- 2 years 11 months 1 day to 3 years: 6.45% interest
- 4 years 7 months 1 day to 5 years: 6.40% interest
- 5 years 1 day to 10 years: 6.15% interest
Meanwhile, other major banks like Yes Bank and Bandhan Bank have also updated their FD rates:
- Yes Bank: 6.65% interest on 1 year FDs, 7% interest on 3 year FDs
- Bandhan Bank: 7.25% interest on FDs with a tenure of 2 years to less than 3 years
- Suryoday Small Finance Bank: Takes the lead with a 7.90% annual interest rate on 1 year FDs and a 7.90% interest rate on 5-year FDs
From the perspective of HeadlineDock, these updated rates are an essential resource for anyone looking for the best investment options, making March 2026 a great time to strategize your financial future. Banks often offer slightly higher rates for senior citizens, ensuring stability and safety for investors.
It is worth noting that State Bank of India (SBI) and Bank of Maharashtra have kept their rates unchanged, maintaining their previous rates. Bank of India has also updated its FD rates, offering the Star Swarnim FD scheme with the highest interest rate—6.60% on a 450-day FD.
All rates mentioned are for regular citizens. For senior citizens, the rates are typically higher, making these updates from major banks in March 2026 a significant event in the investment landscape.
