India, April 21 -- During the one-year period, from January 2025 to December 2025, the RBI cut the Repo Rate by 125 basis points, from 6.5% to 5.25%. Banks followed the RBI by cutting fixed deposit interest rates. Since then, the RBI has kept the Repo Rate steady at 5.25%. However, since the start of 2026, many banks have hiked fixed deposit interest rates. In this article, we will analyse which banks are offering higher fixed deposit interest rates and whether you should invest in them.

Let us look at the interest rates that banks are offering on fixed deposits. Small Finance Banks (SFBs) are offering the highest interest rates on fixed deposits. Some SFBs have increased the fixed deposit interest rates recently since the start of 2026....