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Discover the latest 2023 fixed deposit interest rates of Axis, Bandhan, RBL, IDFC and DCB banks for regular and senior citizens across 1‑3 year tenures.
The Reserve Bank of India kept its repo rate unchanged, yet several private banks raised their fixed deposit (FD) interest rates in 2023. Below is a detailed look at the updated rates for Axis Bank, Bandhan Bank, RBL Bank, IDFC Bank and DCB Bank for regular and senior citizens.
| Bank | Tenure | Regular Citizen Rate | Senior Citizen Rate |
| Axis Bank | 1 Year | 6.75% | 7.50% |
| Axis Bank | 2 Years | 7.26% | 8.01% |
| Axis Bank | 3 Years | 7.00% | 7.75% |
| Bandhan Bank | 1 Year | 7.25% | 7.75% |
| Bandhan Bank | 2 Years | 7.25% | 7.75% |
| Bandhan Bank | 3 Years | 7.25% | 7.75% |
| RBL Bank | 1 Year | 7.00% | 7.50% |
| RBL Bank | 2 Years | 7.00% | 7.50% |
| RBL Bank | 3 Years | 7.00% | 7.50% |
| IDFC Bank | 1 Year | 6.75% | 7.25% |
| IDFC Bank | 2 Years | 7.25% | 7.75% |
| IDFC Bank | 3 Years | 7.75% | 8.25% |
| DCB Bank | 1 Year | 7.25% | 7.75% |
| DCB Bank | 2 Years | 8.00% | 8.50% |
| DCB Bank | 3 Years | 7.60% | 8.10% |
Higher FD rates enhance returns on low‑risk savings, especially for senior citizens who receive an additional interest bonus. Investors seeking stable income can compare these banks to choose the most rewarding tenure.
The 2023 FD rate hike across these five private banks offers attractive returns, particularly for senior citizens. By reviewing tenure‑wise rates, savers can align their investment horizon with the most lucrative options, ensuring steady income while keeping risk low. Stay updated with the latest financial news and related job opportunities through our internal links.