Top News

Banks' FD Rates: The Reserve Bank of India (RBI) kept the repo rate at 5.25% in its monetary policy meeting, so banks are unlikely to reduce their fixed deposit FD) interest rates anytime soon.

Banks FD Rate: The Reserve Bank of India made no changes to the repo rate in its monetary policy meeting held between February 4-6. It was kept at 5.25%. Let's explore how this decision by the Reserve Bank on the repo rate will affect your fixed deposit returns.

First, let's note that since the RBI kept the repo rate at 5.25% in its monetary policy committee meeting, banks are unlikely to reduce their interest rates on their fixed deposit schemes anytime soon.

Equitas Small Finance Bank

Equitas Small Finance Bank has revised its fixed deposit interest rates effective February 2, 2026. The bank is offering interest rates ranging from 3.50% to 7.20% for different tenures, with the highest rate of 7.20% for 888-day FDs.

The bank is offering interest rates ranging from 3.50% to 7.20% for different tenures, with the highest rate of 7.20% for 888-day FDs.

Indian Bank

Indian Bank has revised its fixed deposit interest rates effective February 4, 2026. Depositors with different tenures are receiving interest rates ranging from 2.80% to 6.95%. The bank has launched a new scheme called IND Secure, which matures in 444 days. Under this scheme, interest is paid on deposits at the rate of 6.45 percent for general public and 6.95 percent for senior citizens.

Punjab National Bank

Punjab National Bank (PNB) revised its interest rates on February 1, 2026. This public sector bank offers interest rates ranging from 3 percent to 6.40 percent for general public deposits and between 3.50 percent and 6.90 percent for senior citizens. Deposits with a tenure of 390 days offer the highest interest rates of 6.40 percent and 6.90 percent.

These banks are also offering excellent returns on FDs

1. Utkarsh Small Finance Bank is offering an interest rate of 8 percent for senior citizens on its three-year FDs.

2. Jana Small Finance Bank is offering an interest rate of 8% on its two- to three-year senior citizen FDs.

3. ICICI Bank is offering its highest FD interest rate at 7.1% for terms ranging from 3 years and 1 day to 10 years.

4. Canara Bank is offering its highest FD interest rate at 7% for a tenure of 555 days.

Unlike the stock market, fixed deposits remain one of the safest investment options. The RBI periodically changes the repo rate, and banks subsequently adjust FD rates based on inflation or credit demand. In February 2026, top Indian banks like Punjab National Bank, Indian Bank, and Equitas SFB revised their FD rates.