Fixed deposits continue to function as a conventional financial instrument utilized by individuals to maintain liquidity while securing an assured rate of return on their capital. As interest rates differ significantly from one banking institution to another, monitoring current offerings remains relevant for financial planning.
According to data compiled by BankBazaar.com from respective bank websites as of August 21, 2026, rates are subject to specific terms and conditions set by individual lenders. Fixed interest rates may undergo revisions after a specified tenure, depending on the policies of the financial institution.
Additionally, certain banks and financial institutions apply a fixed interest rate only for a defined period, after which prevailing floating rates become applicable to the deposit. Depositors are advised to review the specific terms and conditions of their respective banks before committing capital.
"Fixed deposits remain a fundamental tool for capital preservation and liquidity management in personal finance. Because interest rates and terms vary across different banking institutions, individuals and business owners must carefully review the specific conditions, tenure rules, and post-lock-in floating rate policies of lenders before parking their funds." — Dr. Shishir Gupta, Founder & CEO, StartupLanes
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