New Delhi. If you want to invest your hard-earned money in a safe place and get good interest, then Fixed Deposit (FD) can be a good option for you. Four banks of the country have changed their FD interest rates in October and November 2026. These include Kotak Mahindra Bank, Axis Bank, Utkarsh Small Finance Bank and Suryoday Small Finance Bank. The special thing is that senior citizens are getting more interest than normal customers.
New interest rates of Kotak Mahindra Bank
Kotak Mahindra Bank has implemented new FD rates from 4 November 2026. The bank is giving maximum interest of 6.80 percent to general customers on FD of 2 years to less than 3 years. Whereas senior citizens will get 7.55 percent annual interest for the same period.
8.50% interest in Utkarsh Small Finance Bank
Utkarsh Small Finance Bank has changed the interest rates from November 1. The bank is giving 8.10 percent interest to general customers and 8.50 percent interest to senior citizens on FD of 666 days. In such a situation, customers investing for a fixed period can get a chance for better returns.
How much interest will be given on Axis Bank FD?
The new rates of Axis Bank are applicable from 29 October 2026. The bank is offering maximum 6.60 percent interest on FD of select tenure to general customers. Whereas for senior citizens, the maximum interest rate for a period of 5 to 10 years is 7.35 percent.
Highest interest in Suryoday Bank is 8.60%
Suryoday Small Finance Bank has implemented new rates from October 30. The bank is offering 8.25 percent annual interest on 5-year FD to general customers and 8.60 percent to senior citizens. This is the highest interest as per the rates quoted in these four banks.
Keep these things in mind before getting FD
Interest rates may change according to different tenure and investment amount. Therefore, before investing, definitely check the new rates on the official website of the bank. Also understand the conditions of the bank, the penalty for premature break of FD and the limit of deposit insurance.