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The Latest Fixed Deposit Interest Rates: Oct 09, 2026
BusinessLine 1 hr ago·9 Oct 2026, 1:30 pm
India's major banks have announced their latest fixed deposit (FD) interest rates, with the benchmark repo rate now at 6.25%. Public sector banks like SBI and PNB have raised rates for new deposits, while private lenders like HDFC and ICICI have also adjusted their offers. These changes aim to attract more savings as the central bank maintains a cautious monetary policy stance.
For investors, these rate hikes are a positive development, offering better returns on idle funds. While FDs remain a safe option, the higher yields make them more attractive compared to previous months. However, investors should compare rates across banks to find the best deal, as not all lenders have increased rates equally.
Moving forward, investors should monitor the central bank's next policy review. If inflation remains under control, further rate hikes could be on the cards, potentially boosting FD yields even more. Keep an eye on your preferred bank's rate updates to ensure you are earning the maximum possible returns on your deposits.
Excerpt from BusinessLine
A fixed deposit is a trusted way to maintain liquidity and earn an assured rate of return on the capital. Interest rates vary from one bank to another. Let's take a comprehensive look at the interest rates on offer today. Compiled by BankBazaar.com from respective bank's website as on the date mentioned above. Note…Read the original at BusinessLine
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- Category: Economy.
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