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4 banks including HDFC Bank and Federal Bank have changed FD interest rates, senior citizens will get up to 8.50% interest.
HDFC Bank, Federal Bank, Slice Small Finance Bank, and ESAF Small Finance Bank have revised their FD interest rates for August 2026. Notably, ESAF SFB is offering senior citizens up to 8.50% interest on 800-day FDs. HDFC Bank, Federal Bank, and Slice SFB have also implemented new FD rates for different tenures.
If you’re planning to invest in a bank FD, this news is useful. HDFC Bank, Federal Bank, Slice Small Finance Bank, and ESAF Small Finance Bank revised their FD interest rates for the week ending August 22, 2026. Of these, ESAF SFB is offering the highest interest rate of 8.50% for senior citizens on fixed-term FDs.
This change in FD rates comes at a time when the Reserve Bank of India is preparing to implement uniform interest rates for bulk FDs from October 1, 2026. This rule will apply to bulk FDs of more than ₹3 crore for the same amount and the same tenure, booked on the same day at different branches of a bank. This will not impact regular retail FD interest rates.
HDFC Bank’s New FD Rates
HDFC Bank has revised its FD interest rates effective August 19th. Senior citizens are receiving a maximum interest rate of 7.10% on FDs with tenures ranging from 3 years 1 day to less than 4 years 7 months.
FDs with tenures ranging from less than one year to 15 months are offered at 6.75%, those with tenures ranging from 15 months to 18 months are offered at 6.85%, and those with tenures ranging from 18 months to 3 years are offered at 6.95%. FDs with tenures of around 55 months are offered at 6.90%, while those with tenures ranging from 5 years 1 day to 10 years are offered at 6.65%.
Federal Bank’s New Rates
Federal Bank revised its FD rates on August 17th and added a new tenure. Senior citizens are receiving a maximum interest rate of 7.20% on FDs of up to 48 months.
One-year FDs earn 6.75%, 6.90% for terms of more than one year and less than 15 months, and 7.15% for 15-month FDs. 7% for terms of more than 24 months and less than 48 months, and 6.90% for terms of more than 48 months and up to 10 years.
Slice SFB’s New FD Rates
Slice Small Finance Bank revised its FD interest rates on August 19th, nearly 10 months later. Senior citizens are receiving a maximum interest rate of 7.75% on FDs with maturities of 18 months 1 day to 24 months. Quarterly interest payments are also available during this period.
FDs with maturities of 12 months 1 day to 18 months are offered at 7.25%, FDs with maturities of more than 2 years and up to 3 years are offered at 7.50%, and FDs with maturities of more than 3 years and up to 5 years are offered at 7.25%.
ESAF SFB Offers 8.50% Interest
ESAF Small Finance Bank revised its FD rates on August 17th, increasing the maximum interest rate for senior citizens by 0.25%. Senior citizens now receive 8.50% interest on FDs with maturities of 800 days.
Interest rates are 8.25% for FDs with tenures less than 2 years and 799 days, and 801 days to less than 3 years. FDs with tenures of 501 days earn 8%, and FDs with tenures of 1 year 1 day to 500 days earn 7.75%.
Applicable to FDs less than ₹3 crore
These interest rates apply to callable FDs less than ₹3 crore. Bank FDs also receive deposit insurance coverage under the Deposit Insurance and Credit Guarantee Corporation’s scheme, as per the rules and limits.
Before investing, please check the FD’s tenure, interest payment options, and premature withdrawal rules.
Read More: Rules ranging from LPG to e-KYC are going to change from September 1, know what will affect you.
The post 4 banks including HDFC Bank and Federal Bank have changed FD interest rates, senior citizens will get up to 8.50% interest. first appeared on informalnewz.
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