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FD Interest Rates
Compare latest FD rates across top banks and NBFCs
Fixed Deposit
Offered by Banks
4.6%*
After tax-
Guaranteed returns -
Includes Life Cover -
Completely Tax Free+
Guaranteed Plans
Offered by Insurance companies
7.4%*
Tax free- Guaranteed returns
- Includes Life Cover
- Completely Tax Free+
Savings Account
Offered by Post office
4.0%*
- Guaranteed returns
- Includes Life Cover
- Completely Tax Free+
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- FD Interest Rates
What is a Fixed Deposit?
A fixed deposit, also known as term deposit, is one of the simplest savings products banks and NBFCs offer. You invest a lump sum amount for a tenure you choose in advance, and the bank pays you interest on it at a rate which is predetermined.
FDs are a widely preferred option because here your capital stays protected, and the interest rate remains fixed for the chosen tenure. This is why so many people select them when they want a steady income and invest short-term savings.
Fixed Deposit Calculator
If you want to know what your principal amount would be at the time of maturity for specific interest rate and tenure, then use the FD Calculator.
All you need to do is enter the amount you want to invest, the applicable interest rate and the investment tenure.
FD Calculator
Investment Basics
Let’s start with your investment goals.
Tenure & Payout Preferences
Select how long you want to invest and your payout preference.
Best Rates
Here are the best rates available for you.
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Find the best interest rates and payout
7.25%
For tenure of 2Y 1D to 3Y
7.00%
Highest
For tenure of 3Y 1D to 5Y
7.00%
For tenure of Tax saver FD (5Y)
Custom interest rate
%
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View summary
Money you’ll receive on Maturity
₹0
Total investment
₹0
Total interest
₹0
Effective yield
0%
Interest rate:
0% per annum
Effective yield
0% per annum
Maturity amount
₹0
Total interest
₹0
Duration
2Y 0M 1D
Maturity date
18 Nov, 2027
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Fixed Deposit Interest Rates
Interest rates on Fixed Deposits (FDs) in India differ for public sector banks, private sector banks, Small Finance Banks, NBFCs and the Post Office. At present, Small Finance Banks are offering the highest FD rates up to 8.25% p.a. for general citizens and up to 8.45% p.a. for senior citizens. Public sector banks offer FD interest rates of up to 6.85% per annum while private sector banks provide up to 7.35% per annum, depending on the bank and deposit duration. Most banks offer a higher rate of interest from 0.25% to 0.75% p.a. to senior citizens. This rate depends on the bank and the period of deposit.
Top 20 Banks Offering Best FD Rates – Highest FD Rates Online 2026
Fixed deposit interest rates vary across banks and tenures. The table below compares the highest FD rates offered by some of the top banks in India.
| Bank FD | Highest Rate | 1-Year Rate | 3-Year Rate | 5-Year Rate | Additional Senior Citizen Rate |
| Suryoday Small Finance Bank FD Rates | 8.10% | 7.25% | 7.25% | 7.90% | 0.15% |
| Jana Small Finance Bank FD Rates | 8.00% | 7.00% | 8.00% | 7.77% | 0.50% |
| ESAF Small Finance Bank FD Rates | 7.75% | 6.00% | 6.00% | 5.75% | 0.50% |
| Utkarsh Small Finance Bank FD Rates | 8.10% | 6.00% | 7.50% | 7.00% | 0.50% |
| Ujjivan Small Finance Bank FD Rates | 7.80% | 7.25% | 7.25% | 7.20% | 0.50% |
| Shivalik Small Finance Bank FD Rates | 8.00% | 6.00% | 7.50% | 6.25% | 0.50% |
| Equitas Small Finance Bank FD Rates | 8.00% | 7.10% | 7.10% | 7.00% | 0.50% |
| Bandhan Bank FD Rates | 7.45% | 7.00% | 7.25% | 5.85% | 0.50%–0.75% |
| DCB Bank FD Rates | 7.50% | 6.90% | 7.00% | 7.50% | 0.25%–0.50% |
| RBL Bank FD Rates | 7.20% | 7.00% | 7.20% | 6.70% | 0.50% |
| Capital Small Finance Bank FD Rates | 7.15% | 7.00% | 7.00% | 6.90% | 0.50% |
| AU Small Finance Bank FD Rates | 7.40% | 6.35% | 7.40% | 6.75% | 0.50% |
| Central Bank of India FD Rates | 6.70% | 6.10% | 6.00% | 6.00% | 0.50% |
| YES Bank FD Rates | 7.25% | 6.65% | 7.00% | 6.75% | 0.50%–0.75% |
| IndusInd Bank FD Rates | 7.00% | 6.75% | 7.00% | 6.65% | 0.50% |
| Unity Small Finance Bank FD Rates | 7.50% | 7.50% | 6.75% | 6.75% | 0.50% |
| Federal Bank FD Rates | 6.80% | 6.25% | 6.75% | 6.40% | 0.50% |
| Bank of India FD Rates | 6.85% | 6.50% | 6.70% | 6.00% | 0.50% |
*Fixed deposit rates as of July 2026
Comparison – Fixed Deposit Interest Rates in India
FD Rates Offered by Other Public Sector Banks
| Bank FD | Highest Slab Interest Rate (% p.a.) | 1-Year Tenure (% p.a.) | 3-Year Tenure (% p.a.) | 5-Year Tenure (% p.a.) |
| Bank of Baroda FD Rates | 6.75 | 6.25 | 6.25 | 6.30 |
| Bank of India FD Rates | 6.85 | 6.50 | 6.70 | 6.00 |
| Bank of Maharashtra FD Rates | 6.65 | 6.20 | 5.25 | 5.00 |
| Canara Bank FD Rates | 6.60 | 6.25 | 6.25 | 6.25 |
| Indian Bank FD Rates | 6.80 | 6.10 | 6.05 | 6.00 |
| Indian Overseas Bank FD Rates | 6.60 | 6.50 | 6.10 | 6.10 |
| Punjab & Sind Bank FD Rates | 6.85 | 5.85 | 5.85 | 5.95 |
| Punjab National Bank FD Rates | 6.60 | 6.25 | 6.35 | 6.10 |
| State Bank of India FD Rates | 6.45 | 6.25 | 6.30 | 6.05 |
| UCO Bank FD Rates | 6.45 | 6.10 | 6.00 | 6.00 |
| Union Bank of India FD Rates | 6.65 | 6.20 | 6.10 | 6.00 |
*Fixed deposit rates as of July 2026
FD Rates Offered by Other Private Sector Banks
| Bank FD | Highest Slab Interest Rate (% p.a.) | 1-Year Tenure (% p.a.) | 3-Year Tenure (% p.a.) | 5-Year Tenure (% p.a.) |
| Axis Bank FD Rates | 6.50 | 6.25 | 6.50 | 6.50 |
| City Union Bank FD Rates | 7.25 | 6.65 | 6.50 | 6.55 |
| CSB Bank FD Rates | 7.35 | 5.00 | 5.75 | 5.75 |
| DBS Bank FD Rates | 6.85 | 6.30 | 6.40 | 6.25 |
| Dhanlaxmi Bank FD Rates | 7.25 | 6.25 | 6.50 | 6.50 |
| HDFC Bank FD Rates | 6.50 | 6.25 | 6.45 | 6.40 |
| ICICI Bank FD Rates | 6.50 | 6.25 | 6.45 | 6.50 |
| IDBI Bank FD Rates | 6.50 | 6.20 | 6.35 | 6.25 |
| IDFC FIRST Bank FD Rates | 7.35 | 6.50 | 7.35 | 6.75 |
| Jammu & Kashmir Bank FD Rates | 7.30 | 6.80 | 6.70 | 6.75 |
| Karnataka Bank FD Rates | 7.00 | 6.50 | 6.15 | 6.15 |
| Karur Vysya Bank FD Rates | 6.70 | 6.25 | 6.40 | 6.25 |
| Kotak Mahindra Bank FD Rates | 6.80 | 6.50 | 6.40 | 6.25 |
| Nainital Bank FD Rates | 6.60 | 6.40 | 6.25 | 5.75 |
| South Indian Bank FD Rates | 6.80 | 6.35 | 6.20 | 5.70 |
| Tamilnad Mercantile Bank FD Rates | 7.25 | 6.80 | 6.70 | 6.70 |
| Yes Bank FD Rates | 7.25 | 6.65 | 7.00 | 6.75 |
*Fixed deposit rates as of July 2026
Post Office FD Interest Rates
| Tenure | Interest Rate (% p.a.) |
| 1 Year | 6.90 |
| 2 Years | 7.00 |
| 3 Years | 7.10 |
| 5 Years | 7.50 |
*Post Office FD interest rates are subject to revision by the Government of India every quarter.
FD Interest Rates for Tax Saving FDs
*Tax Saving FD rates as of July 2026
FD Interest Rates – Leading Foreign Banks
| Bank FD | Interest Rates (% p.a.) | |||
| Highest slab | 1-year tenure | 3-year tenure | 5-year tenure | |
| Deutsche Bank FD Rates | 7.00 | 5.00 | 6.25 | 6.25 |
| HSBC Bank FD Rates | 5.50 | 4.00 | 5.35 | 5.50 |
| Standard Chartered Bank FD Rates | 6.60 | 6.60 | 6.50 | 6.25 |
*Fixed deposit rates as of July 2026
Company/Corporate Fixed Deposit Interest Rates
| NBFC FD | 1-Year Tenure (% p.a.) | 3-Year Tenure (% p.a.) | 5-Year Tenure (% p.a.) | Tenure Range | Additional Interest for Senior Citizens (% p.a.) |
| Manipal Housing Finance FD Rates | 8.25 | 8.25 | 7.75 | 1 year; 2 years; 3 years | 0.25 |
| Muthoot Capital Services FD Rates | 7.90 | 8.95 | 8.50 | 36 months | 0.25 |
| Mahindra Finance FD Rates | 6.60 | 7.40 | 7.45 | 48 months; 60 months | 0.20–0.35 |
| Shriram Finance FD Rates | 6.85 | 7.50 | 7.50 | 3–5 years | 0.50 |
| ICICI Home Finance FD Rates | 6.75 | 6.90 | 7.00 | 45 months | 0.35 |
| Sundaram Home Finance FD Rates | 6.70 | 7.00 | 7.15 | 4 years; 5 years | 0.35–0.50 |
| Kerala Transport Development Finance FD Rates | 7.00 | 7.00 | 6.75 | 12–60 months | 0.25 |
| PNB Housing Finance FD Rates | 6.70 | 7.10 | 7.25 | 60 months | 0.25 |
| LIC Housing Finance FD Rates | 6.70 | 6.85 | 6.90 | 5 years | 0.25 |
*Fixed deposit rates as of July 2026 **At Monthly Rests. Additional interest of 0.15% p.a on all renewals, where the deposit is matured. Additional interest of 0.05% p.a. for women depositors.
Senior Citizens Fixed Deposit
Senior citizens get higher interest rates than depositors under 60, and some banks extend additional preferential rates to super-senior citizens aged 80 and above. FDs also suit investors who prefer predictable, guaranteed returns over market-linked ones, with no need to track market conditions. Senior citizen FD rates are higher than those offered to regular depositors. The additional interest is usually in the range of 0.25% to 0.75% per annum depending on the bank, duration and schemes applicable.
Types of Fixed Deposit
1
Regular (standard) FD:
Provides interest rate on selected tenure. It is one of the most popular kinds of FD and is suitable for those investors who are looking for guaranteed returns.
2
Tax-saving Fixed Deposit:
Tax-saving FD qualifies for deduction under Section 123, as per applicable tax legislation. The lock-in period is 5 years. Premature withdrawal is generally not permitted, except in the event of the death of the primary account holder.
3
Flexi Fixed Deposit:
A Flexi Fixed Deposit is linked to the savings or current account. Surplus balance (as specified by the bank) is automatically credited to the fixed deposit account, where you can benefit from the FD interest. The amount needed can be automatically transferred back to your account, depending on the terms and conditions of your bank, if the need for money arises
4
Floating Rate Fixed Deposit:
A Floating Rate FD carries an interest rate linked to an external benchmark such as the RBI’s repo rate, and can fluctuate throughout the deposit tenure.
5
Callable Fixed Deposit:
Callable Fixed Deposit allows withdrawal before maturity which may be subject to applicable penalty charges.
6
Non-callable Fixed Deposit:
A Non-callable Fixed Deposit generally cannot be withdrawn early. But these usually come with a better interest rate compared to that of callable FDs.
7
Senior Citizen Fixed Deposit:
It is a deposit account offered to persons over the age of 60. It offers a higher interest rate than ordinary FDs and some banks even provide extra interest rate for super senior citizens.
8
Corporate Fixed Deposit:
Corporate FDs can be availed from NBFCs and Housing Finance Companies (HFCs). Generally, the interest rates of corporate FDs are higher than those of bank FDs, but the credit risk is also higher. It is advisable to check the credit rating of the issuer before investing.
9
Cumulative Fixed Deposit:
Cumulative FDs reinvest the interest generated during the term. At maturity the principal and interest will be paid. So it is suitable for long term wealth growth.
10
Non-Cumulative Fixed Deposit:
The interest is paid on this type of FD at regular intervals such as monthly, quarterly, half-yearly or annually. A non-cumulative fixed deposit is an investment choice for investors who are looking for a fixed income.
Types of FD for Non-Resident Indians (NRIs)
1
NRE (Non-Resident External) Deposit:
It is for NRIs and PIOs who want to invest their foreign earnings in India. The deposit is in Indian Rupees and is funded by money generated outside India.
2
NRO (Non-Resident Ordinary) Deposit:
Suitable for NRIs & PIOs who desire to deposit income generated in India like rent, pension, dividends or any other domestic revenue. The deposit is held in Indian rupees.
3
FCNR (Foreign Currency Non-Resident) Deposit:
NRIs and PIOs can invest their international earnings in specified foreign currency. It returns a yield on the deposit and cuts exchange-rate risk.
4
RFC (Resident Foreign Currency) Deposit:
This is for the NRIs who have returned and resumed their residence in India. It is useful to have deposits with banks in India in specified foreign currencies, thus minimising exchange rate risk.
Eligibility Criteria for Fixed Deposit
The following individuals and entities are normally eligible to create a Fixed Deposit account with banks and NBFCs:
- Residents
- Hindu Undivided Families (HUFs)
- Sole Proprietorship Firms
- Partnership Firms
- Limited Companies
- Trust Accounts, etc.
Documents Required to Open an FD
If you have a savings or current account with the bank, you can open a fixed deposit without submitting any fresh KYC documents, as your details are already available to your bank.
However, if you are opening an FD with a new bank, you may need to submit the following documents:
- Aadhaar Card,
- PAN Card,
- Driver’s License,
- Passport, etc.
How to Open a Fixed Deposit
You can choose an online or offline method as per your comfort and convenience, and instantly book an FD.
OPTION A
Online Application (Net Banking / App)
In case you already have a savings account with the bank or NBFC, then following a few steps, you can open a fixed deposit online in a few minutes through internet banking or the mobile banking app. All you need to do is:
- 01
Sign InFirst log in to internet banking or mobile banking app.
- 02
Open DepositsGo to Deposits and click on New Fixed Deposit.
- 03
Amount & TenureSelect your investment amount and the tenure.
- 04
Payout FrequencyChoose the way the interest payments are made.
- 05
SubmitGo over the information again and then confirm.
- 06
Get ReceiptDownload your digital FD receipt instantly.
OPTION B
Offline Application (Branch Banking)
However, in case you prefer visiting the bank or the nearest NBFC branch to open a Fixed Deposit, you can do that by following a simple application procedure.
- 01
Branch VisitGo to your local bank branch during its opening hours.
- 02
Ask for the Application FormMake a request to the bank executive for Fixed Deposit application form.
- 03
Fill the FD FormApart from your personal details, fill in the required details in the form such as FD amount and tenure.
- 04
AuthoriseSign the form to authorise the transfer.
- 05
SubmitGive to the executive and wait for processing.
- 06
Physical FD ReceiptTake the physical FD receipt from the counter.
How to Choose the Right Fixed Deposit?
Choosing the right Fixed Deposit depends on your financial goals, investment horizon, and liquidity needs. Before investing, compare FD interest rates offered by different banks and NBFCs. You should also consider all factors such as the interest payout option, premature withdrawal rules, loan against FD facility and tax-saving benefits.
Why Invest in Fixed Deposits?
1
Guaranteed Returns
With a Fixed Deposit, you get a fixed interest rate that is fixed at the time of opening the account. The interest rate is fixed for the entire tenure irrespective of the movement in the market interest rates.
2
Capital Protection
Fixed deposits with scheduled banks are covered under the Deposit Insurance and Credit Guarantee Corporation (DICGC) plan. Deposits up to ₹5 lakh per depositor per bank are insured under the DICGC in the event of bank failure.
3
Tax Benefits
Several banks and NBFCs are providing tax-saving Fixed Deposits for five years lock-in period. If you choose the old tax regime, then you can avail of the tax deduction under Section 123 of the Income Tax Act, 2025 of up to ₹1.5 lakh in a tax year. But the interest accrued on such deposits will be taxable as per the investor's applicable income tax slab.
4
Loan Against Fixed Deposit
Most banks allow customers to borrow against their fixed deposits without closing them prematurely. The loan is usually offered as an overdraft or term loan against the FD. This facility helps satisfy short term financial demands without losing the benefits of investment since the deposit continues to generate interest over the loan lifetime.
5
Credit Card Against Fixed Deposit
Several banks provide secured credit cards against FD. These cards are designed for people with little or no credit history, as regular and on-time use can help build or improve their credit score. The credit limit is often associated with the FD amount. This means that customers can enjoy the benefits of a credit card without the need for a significant income or a past credit history.
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Read more˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
* Applicable for Titanium variant of Max Life Smart Fixed-return Digital (Premium payment of 5 years, Policy term of 10 years) and a healthy male of 18 years old paying Rs. 30,000/- monthly (exclusive of all applicable taxes)
** Fixed deposit rate applicable for 5 year's 1 day to
10 years for investment amount less< 2 Crore ( Not for senior citizens).
*** PPF interest rate applicable for 15 years
for investment amount upto 1.5 Lac
+ Trad plans with a premium above 5 lakhs
would be taxed as per applicable tax slabs post 31st march 2023
#Discount offered by insurance company
##The Guaranteed Returns are dependent on the policy term and premium term availed along with other variable factors. 7.4% rate of return is for an 18-year-old, healthy male for a policy term of 20 years and a premium term of 10 years with ₹5,00,000 annually installment premium. All plans listed here are from insurance companies’ funds.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ