By Admin 
Banks FD Rate: The Reserve Bank of India did not make any change in the repo rate in the monetary policy meeting held between 4-6 February. It was retained at 5.25 percent. Let us know what effect this decision of the Reserve Bank on repo rate will have on the returns of your fixed deposits in the bank?
First of all, let us tell you that since RBI kept the repo rate at 5.25 percent in its Monetary Policy Committee meeting, there is little hope of banks reducing the interest rates on their fixed deposit schemes soon.
Equitas Small Finance Bank
Equitas Small Finance Bank has changed its interest rates on fixed deposits with effect from February 2, 2026. The bank is giving interest between 3.50 percent to 7.20 percent to the depositors for different periods of time. The highest rate of 7.20 percent is available at a time of 888 days.
The bank is offering interest between 3.50 percent to 7.20 percent on FD schemes for different tenures. Among these, the highest rate of 7.20 percent is being given on FD of 888 days.
Indian Bank
Indian Bank has changed its interest rates on FD from February 4, 2026. Those making deposits for different time periods are getting interest ranging between 2.80 percent to 6.95 percent. The bank has started a new scheme named IND Secure, which will mature in 444 days. Under this scheme, common people are being given interest at the rate of 6.45 percent and senior citizens are being given interest at the rate of 6.95 percent on their deposits.
Punjab National Bank
Punjab National Bank (PNB) changed its interest rates on February 1, 2026. This public sector bank is offering rates on deposits between 3% to 6.40% for common people and 3.50% to 6.90% for senior citizens. The highest interest of 6.40 percent and 6.90 percent is available on deposits of tenure of 390 days.
These banks are also giving excellent returns on FD
1. Utkarsh Small Finance Bank is offering 8 percent interest rate to senior citizens on its three-year FD.
2. Jana Small Finance Bank is offering 8 percent interest rate on its senior citizen FD of two to three years.
3. ICICI Bank is offering its highest FD interest rate at 7.1 percent for terms ranging from 3 years and 1 day to 10 years.
4. Canara Bank is offering its highest FD interest rate at 7 percent on tenure of 555 days.
Unlike the stock market, fixed deposits remain one of the safest investment options. RBI keeps changing the repo rate from time to time and banks then change the FD rates keeping in mind inflation or credit demand. In February 2026, top Indian banks like Punjab National Bank, Indian Bank and Equitas SFB changed their FD rates.
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Looking for other investment options instead of FD? You will get Rs 9000 every month from this post office scheme, know details