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The Latest Fixed Deposit Interest Rates: Aug 21, 2026
BusinessLine 1 hr ago·21 Aug 2026, 1:30 pm
Stocks BusinessLine
As of August 21, 2026, major banks and non-banking financial companies (NBFCs) have announced their latest fixed deposit (FD) rates. These rates determine the interest income investors earn on their deposits, which are considered a safe and stable investment option. The new rates reflect the prevailing economic environment and the Reserve Bank of India's monetary policy stance.
For retail investors, these rate hikes or cuts are significant as they directly impact the returns on their savings. Higher FD rates generally make fixed deposits more attractive compared to other low-risk instruments, potentially prompting investors to shift funds from low-yielding savings accounts or debt mutual funds. It is a key factor to consider when planning for short-term liquidity and guaranteed returns.
Investors should compare the rates offered by different banks and NBFCs to find the best value. While FDs are safe, the interest rates are fixed at the time of investment. Watch for future rate announcements, as the RBI may adjust the repo rate, which could influence the interest rates offered on fresh deposits in the coming months.
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