Summary of this article
Amid volatile markets, fixed-income instruments offer certainty. During the week ended on March 7, 2026, eight banks revise thir fixed deposit rates, offering senior citizens up to 8.50 per cent.
Eight banks revised FD rates during the week ended March 7, 2026. These banks include Bank of India, Indian Bank, Bandhan Bank, Yes Bank, HDFC Bank, IDFC First Bank, Equitas Small Finance Bank (SFB), and ESAF SFB. Here are the details of the fixed deposit (FD) rates of these banks.
Bank Of India
This public sector bank revised FD rates on March 2, 2026. The bank offers an additional 50 basis points (bps) to senior citizens (60 years and above) and 75 basis points to super senior citizens (80 years and above) for tenures of less than three years. For three years and beyond, it offers an additional 75 bps to seniors and 90 bps to super seniors. Here are the details for seniors:
• 6.75 per cent for one year
• 6.80 per cent for above one year to less than two years (except 450 Days)
• 7.10 per cent for 450 days (Star Swarnim)
• 6.80 per cent for two years to less than three years
• 6.75 per cent for three years to less than five years
• 6.50 per cent for five years to less than eight years
• 6.50 per cent for eight years and above to 10 years
Indian Bank
Indian Bank revised FD rates on March 3, 2026. Seniors can avail of:
• 6.60 per cent for one year
• 6.70 per cent for above one year to less than two years (except 444 and 555 days)
• 7.10 per cent for 444 days (7.35 per cent to super seniors)
• 6.90 per cent for 555 days
• 6.65 per cent for two years to less than three years
• 6.55 per cent for three years to less than five years
• 6.50 per cent for five years
• 6.50 per cent for the above five years
Notably, the 444-day FD is valid till April 4, 2026.
Bandhan Bank
Bandhan Bank's revised FD rates are effective March 6, 2026. It offers seniors the highest 7.75 per cent interest. Here are the interest rate details for seniors:
• 7.50 per cent for one year
• 7.50 per cent for one year one day to one year nine months
• 7.50 per cent for one year nine months one day to less than two years
• 7.75 per cent for two years to less than three years
• 7.50 per cent for three years to less than five years
• 6.60 per cent for five years to 10 years
Yes Bank
Yes Bank’s new FD rates are effective March 5, 2026. The revised interest rates for senior citizens are:
• 7.15 per cent for 12 months
• 7.25 per cent for 12 months and one day to less than 18 months
• 7.25 per cent for 18 months
• 7.50 per cent for 18 months and one day to less than 24 months
• 7.50 per cent for 24 months to less than 35 months
• 7.40 per cent for 35 months
• 7.50 per cent for 36 months one day to less than 36 months
• 7.75 per cent for 36 months to less than 60 months
• 7.50 per cent for 60 months
• 7.50 per cent for 60 months and one day to 120 months
HDFC Bank
HDFC Bank revised and increased its FD rates on March 6, 2026, and offers the highest 7.00 per cent to senior citizens. Interest rates for seniors are:
• 6.75 per cent for one year to less than 15 months
• 6.85 per cent for 15 months to less than 18 months
• 6.95 per cent for 18 months to less than 21 months
• 6.95 per cent for tenures between 21 months and two years
• 6.95 per cent for tenures between two years one day and three years
• 7.00 per cent for three years one day to four years seven months
• 6.90 per cent for tenure between four years seven months and five years
• 6.65 per cent for five years one day to 10 years
IDFC First Bank
Seniors can receive up to 7.70 per cent with IDFC First Bank. The rates have been revised on March 4, 2026. Here are the details for seniors:
• 6.80 per cent for one year
• 6.80 per cent for one year one day to 370 days
• 7.50 per cent for 371 days to 449 days
• 7.70 per cent for 450 days to two years
• 7.70 per cent for two years one day to five years
• 6.50 per cent for five years one day to 10 years
Equitas Small Finance Bank
Equitas SFB revised FD rates on March 2, 2026, offering senior citizens a maximum of 8.00 per cent. Seniors can avail of:
• 7.40 per cent for tenures between one year and two years
• 7.50 per cent for two years one day 776 days
• 7.50 per cent for 777 days
• 7.50 per cent for 778 days to 887 days
• 8.00 per cent for 888 days
• 7.50 per cent for 889 days to three years
• 7.50 per cent for three years one day to four years
• 7.50 per cent for four years one day to five years
• 7.50 per cent for five years one day to 10 years
ESAF Small Finance Bank
ESAF SFB revised its FD rates on March 1, 2025. The ESF bank’s FD rates for seniors are:
• 5.25 per cent for 183 days to one year
• 7.75 per cent for one year one day to 443 days
• 8.10 per cent for 444 days
• 7.75 per cent for 445 days to 500 days
• 8.50 per cent for 501 days
• 7.75 per cent for 502 days to less than two years
• 7.75 per cent for two years to less than three years
• 6.50 per cent for three years to less than five years
• 6.25 per cent for five years to 10 years.
All these rates are for FDs of up to Rs 3 crore.
