About Fixed Deposit Rates
Fixed deposit rates in India are set by individual banks based on their lending requirements, RBI policy rates, and market conditions. When the RBI increases the repo rate, FD rates generally go up, and vice versa.
Senior citizens get a premium of 0.25% to 0.75% over regular FD rates at most banks. Some banks also offer special FD schemes for women, government employees, or for specific tenures with higher rates.