FD rates rise in November 2026 as banks hike

GreyOak summary

Indian banks are raising fixed deposit interest rates in November 2026 to attract household savings. This move addresses a gap where credit growth (18.2%) outpaced deposit growth (16.7%) and follows a decline in banking system liquidity surplus. The Reserve Bank of India's recent 25 basis point repo rate hike to 5.50% also influences this pricing environment.