In March 2026, several banks in India have updated their fixed deposit (FD) interest rates, with Suryoday Small Finance Bank leading by offering 8.10% per annum for senior citizens on a 5-year FD. The revised rates are effective from March 6, 2026. HDFC Bank has also increased its FD rates, offering a range from 2.75% to 6.50% for general customers, and 3.25% to 7% for senior citizens. Yes Bank's new rates, effective from March 5, 2026, range from 3.25% to 7% for general customers and 3.75% to 7.75% for senior citizens, with the highest rates applicable for tenures of 36 months to less than 60 months. Bandhan Bank has similarly updated its rates, offering 2.95% to 7.25% for general customers and 3.70% to 7.75% for senior citizens. These changes reflect the competitive landscape among banks to attract depositors in a fluctuating interest rate environment.