List of Banks Including SBI That Revised Interest Rates On FD In March 2022

Fixed deposits have always been the most popular and secure investment instrument due to unique benefits such as flexible maturity tenure, low initial investment, non-market-based returns, tax deductions, deposit safety insured by the DICGC, regular income, additional interest rate benefit for senior citizens, and much more. Your first and smartest responsibility before opening a fixed deposit should be to look for banks that give the best interest rates. As a consequence of this, we've compiled a list of banks that modified their fixed deposit interest rates in March 2022.

SBI

The country's largest lender, State Bank of India (SBI), revised interest rates on domestic bulk term deposits of Rs.2 crore and above on 10.03.2022.

Tenors	Revised Rates For Public w.e.f 10.03.2022	Revised Rates for Senior Citizen w.e.f. 10.03.2022
7 days to 45 days	3	3.5
46 days to 179 days	3	3.5
180 days to 210 days	3.1	3.6
211 days to less than 1 year	3.3	3.8
1 year to less than 2 years	3.6	4.1
2 years to less than 3 years	3.6	4.1
3 years to less than 5 years	3.6	4.1
5 years and upto 10 years	3.6	4.1
Source: Bank Website

Bank of Baroda

On 22.03.2022, the Bank of Baroda (BoB) announced an interest rate revision on fixed deposits of less than Rs 2 crore. The current interest rate on domestic term deposits is listed below.

Tenors	Regular rates p.a.	Interest rates for senior citizens p.a.
7 days to 14 days	2.8	3.3
15 days to 45 days	2.8	3.3
46 days to 90 days	3.7	4.2
91 days to 180 days	3.7	4.2
181 days to 270 days	4.3	4.8
271 days & above and less than 1 year	4.4	4.9
1 year	5	5.5
Above 1 year to 400 days	5.2	5.7
Above 400 days and upto 2 Years	5.2	5.7
Above 2 Years and upto 3 Years	5.2	5.7
Above 3 Years and upto 5 Years	5.35	6
Above 5 Years and upto 10 Years	5.35	6.35
Source: Bank Website

Canara Bank

Canara Bank is giving the following interest rates on deposits less than Rs.2 crore as of 01.03.2022.

Tenors	Regular rates p.a.	Interest rates for senior citizens p.a.
7 days to 45 days	2.9	2.9
46 days to 90 days	3.9	3.9
91 days to 179 days	3.95	3.95
180 days to less than 1 Year	4.4	4.9
1 year only	5.1	5.6
Above 1 year to less than 2 years	5.15	5.65
2 years & above to less than 3 years	5.2	5.7
3 years & above to less than 5 years	5.45	5.95
Canara Unique "1111 Days"	5.55	6.05
5 years & above to 10 Years	5.5	6
Source: Bank Website

Indian Overseas Bank

On 10.03.2022, there was a revision in interest rates on Domestic / NRO / NRE Retail Term Deposits of less than Rs 2 Cr, and Indian Overseas Bank is now offering the following interest rates on domestic deposits. The additional rate of 0.50 percent for senior citizens and 0.75 percent for super senior citizens aged 80 or above remains in effect.

Tenors	Regular rates p.a.
7-14 Days	3.4
15-29 Days	3.4
30-45 Days	3.4
46-60 Days	3.9
61-90 Days	3.9
91-120 Days	4.4
121-179 Days	4.4
180-269 Days	4.9
270 Days to less than 1 Year	4.9
1 year to less than 2 Years (Except 444 Days)	5.15
444 Days	5.2
2 years to less than 3 Years	5.2
3 Years & Above	5.45
Source: Bank Website

UCO Bank

With effect from 11.03.2022, UCO Bank changed the interest rate on Domestic Term Deposits. The bank is now offering the following interest rates on fixed deposits of less than Rs 2 crore.

Tenors	Regular rates p.a.	Interest rates for senior citizens p.a.
7 - 14 Days	2.55%	2.80%
15 - 29 Days	2.55%	2.80%
30 - 45 Days	2.80%	3.05%
46 - 60 Days	3.55%	3.80%
61 - 90 Days	3.55%	3.80%
91 - 120 Days	3.70%	3.95%
121 - 150 Days	3.70%	3.95%
151-180 Days	3.70%	3.95%
181 to 364 days	4.40%	4.65%
1 year	5.10%	5.35%
More than 1 year but upto 2 Years	5.10%	5.60%
Above 2 Years upto 3 Years	5.10%	5.60%
Above 3 Years and less than 5 Years	5.30%	5.80%
5 years and above	5.30%	5.80%
Source: Bank Website

Axis Bank

Axis Bank revised interest rates on fixed deposits of less than Rs 2 crore on March 21, 2022. The new rate of interest is as follows:

Tenors	Regular rates p.a.	Interest rates for senior citizens p.a.
7 days to 14 days	2.5	2.5
15 days to 29 days	2.5	2.5
30 days to 45 days	3	3
46 days to 60 days	3	3
61 days to less than 3 months	3	3
3 months to less than 4 months	3.5	3.5
4 months to less than 5 months	3.5	3.5
5 months to less than 6 months	3.5	3.5
6 months to less than 7 months	4.4	4.65
7 months to less than 8 months	4.4	4.65
8 months to less than 9 months	4.4	4.65
9 months to less than 10 months	4.4	4.65
10 months to less than 11 months	4.4	4.65
11 months to less than 11 months 25 days	4.4	4.65
11 months 25 days to less than 1 year	4.4	4.65
1 year to less than 1 year 5 days	5.1	5.75
1 year 5 days to less than 1 year 11days	5.15	5.8
1 year 11days to less than 1 year 25days	5.3	5.95
1 year 25 days to less than 13 months	5.15	5.8
13 months to less than 14 months	5.15	5.8
14 months to less than 15 months	5.15	5.8
15 months to less than 16 months	5.2	5.85
16 months to less than 17 months	5.2	5.85
17 months to less than 18 months	5.2	5.85
18 months to less than 2 years	5.25	5.9
2 years to less than 30 months	5.4	6.05
30 months to less than 3 years	5.4	6.05
3 years to less than 5 years	5.4	6.05
5 years to 10 years	5.75	6.5
Source: Bank Website

DCB Bank

DCB Bank revised interest rates on Resident Indian Fixed Deposits of less than Rs 2 crore on March 7, 2022. The following are the new interest rates:

Tenors	Regular rates p.a.	Interest rates for senior citizens p.a.
7 days to 14 days	4.35%	4.85%
15 days to 45 days	4.35%	4.85%
46 days to 90 days	4.35%	4.85%
91 days to less than 6 months	5.05%	5.55%
6 months to less than 12 months	5.25%	5.75%
12 months	5.55%	6.05%
More than 12 months to less than 15 months	5.30%	5.80%
15 months to less than 18 months	6.00%	6.50%
18 months to less than 700 days	6.25%	6.75%
700 days	6.25%	6.75%
More than 700 days to less than 36 months	6.25%	6.75%
36 months	6.25%	6.75%
More than 36 months to 60 months	6.25%	6.75%
More than 60 months to 120 months	6.25%	6.75%
Source: Bank Website

Kotak Mahindra Bank

On March 9, 2022, Kotak Mahindra Bank revised interest rates on resident Indian fixed deposits of less than Rs 2 crore. The bank is now giving the following interest rates as a result of the change.

Tenors	Regular rates p.a.	Interest rates for senior citizens p.a.
7 - 14 Days	2.50%	3.00%
15 - 30 Days	2.50%	3.00%
31 - 45 Days	2.75%	3.25%
46 - 90 Days	2.75%	3.25%
91 - 120 Days	3.00%	3.50%
121 - 179 days	3.25%	3.75%
180 Days	4.40%	4.90%
181 Days to 269 Days	4.40%	4.90%
270 Days	4.40%	4.90%
271 Days to 363 Days	4.40%	4.90%
364 Days	4.50%	5.00%
365 Days to 389 Days	5.00%	5.50%
390 Days (12 months 25 days)	5.10%	5.60%
391 Days - Less than 23 Months	5.10%	5.60%
23 Months	5.10%	5.60%
23 months 1 Day- less than 2 years	5.10%	5.60%
2 years- less than 3 years	5.20%	5.70%
3 years and above but less than 4 years	5.45%	5.95%
4 years and above but less than 5 years	5.45%	5.95%
5 years and above upto and inclusive of 10 years	5.50%	6.00%
Source: Bank Website

Equitas Small Finance Bank

Equitas Small Finance Bank revised interest rates on resident Indian fixed deposits of less than Rs 2 crore on March 21, 2022. The bank is now giving the following interest rates as a result of the revision. The interest rates stated below are for the general public; elderly citizens will continue to receive an additional 0.50 percent on all deposits, regardless of the tenor.

Tenors	Regular rates p.a.
7 - 14 days	3.50%
15 - 29 days	3.50%
30 - 45 days	3.50%
46 - 62 days	4.00%
63 - 90 days	4.00%
91 - 120 days	4.35%
121 - 180 days	4.35%
181 - 210 days	4.85%
211 - 270 days	4.85%
271 - 364 days	5.00%
1 year to 18 months	6.10%
18 months 1 day to 2 years	6.50%
2 years 1 day to 887 days	6.50%
888 days	6.75%
889 days to 3 years	6.50%
3 years 1 day to 4 years	6.00%
4 years 1 day to 5 years	6.00%
5 years 1 day to 10 years	6.00%
Source: Bank Website

Fincare Small Finance Bank

Fincare Small Finance Bank (SFB) revised interest rates on fixed deposits of less than Rs 2 crore on March 21, 2022. The following are the current interest rates.

Tenors	Regular rates p.a.	Interest rates for senior citizens p.a.
7 days to 45 days	3.00%	3.50%
46 days to 90 days	3.25%	3.75%
91 days to 180 days	3.50%	4.00%
181 days to 364 days	5.15%	5.65%
12 months to 15 months	6.00%	6.50%
15 months 1 day to 18 months	6.00%	6.50%
18 months 1 day to 21 months	6.00%	6.50%
21 months 1 day to 24 months	6.00%	6.50%
24 months 1 day to 30 months	6.50%	7.00%
30 months 1 day to 36 months	6.25%	6.75%
36 months 1 day to 42 months	6.75%	7.25%
42 months 1 day to 48 months	6.75%	7.25%
48 months 1 day to 59 months	6.75%	7.25%
59 months 1 day to 66 months	6.75%	7.25%
66 months 1 day to 84 months	5.50%	6.00%
Source: Bank Website

Suryoday Small Finance Bank

Suryoday Small Finance Bank revised its interest rates on domestic fixed deposits of less than Rs 2 crore on March 10, 2022, and currently offers the following rates.

Tenors	Regular rates p.a.	Interest rates for senior citizens p.a.
7 days to 14 days	3.25%	3.75%
15 days to 45 days	3.25%	3.75%
46 days to 90 days	4.25%	4.75%
91 days to 6 months	4.75%	5.25%
Above 6 months to 9 months	5.25%	5.75%
Above 9 months to less than 1 Year	5.75%	6.25%
1 Year to 1 Year 6 Months	6.50%	7.00%
Above 1 Year 6 Months to 2 Years	6.50%	7.00%
Above 2 Years to less than 3 Years	6.25%	6.75%
3 Years	7.00%	7.50%
Above 3 Years to less than 5 Years	6.50%	7.00%
5 Years	6.75%	7.25%
Above 5 years to 10 years	6.00%	6.50%
Source: Bank Website