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Which Bank has the Highest Interest Rate for Fixed Deposits?
Which bank is best for fixed deposits? A question that most investors face. Consider these rates for making an informed decision: for general citizens, FD interest rates offered by popular banks in India range from 3.00% to 6.50% p.a. For general citizens, from 3.50% to 7.10% p.a. For resident senior citizens. In addition, the leading Small Finance Banks (SFBs) like Suryoday SFB, Unity SFB, and Jana SFB are offering one of the best Fixed Deposit interest rates ranging between 4.00% p.a. to 8.40% p.a. for general citizens and 4.40% to 8.80% p.a. for senior citizens.
Returns as high
as 6.9%*
Includes life cover
Completely Tax free+
as 6.9%*
Includes life cover
Completely Tax free+
Maximum returns Offered by
Guaranteed
Highest
6.9%*
Guaranteed Plan
(by insurance companies)
(10 Years)
6.5%**
Fixed Deposits
(by SBI bank)
(5-10 Years)
6.9%***
Public Provident Fund
(other popular options)
(15 Years)
Get Guaranteed returns up to 6.9%*
Fully Tax-Free* (unlike FD), Life Cover Included
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FD Interest Rates
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Articles - FD Rates
- Which Bank has the Highest Interest Rate for Fixed Deposit
FD Interest Rates in 2025
Below are the best FD rates in India on withdrawable deposits of up to Rs. 3 crores for 1/ 2/ 3/ 5/10-year tenure. Check this all bank interest rates list for an easy comparison of rates.
| Name of Bank | FD Interest Rates (in % per annum) | |||||
| Highest FD Interest Rate by the Bank | 1-Year Tenure | 2-Year Tenure | 3-Year Tenure | 5-Year Tenure | 10-Year Tenure | |
| SBI FD Rates | 6.70 (2 years to less than 3 years) | 6.30 | 6.50 | 6.70 | 6.55 | 6.30 |
| HDFC Bank FD Rates | 7.05% (15 months to 21 months) | 6.00% | 6.70% | 6.90% | 6.75% | 6.50% |
| ICICI Bank FD Rates | 6.85% (18 months to 2 years) | 6.00% | 6.85% | 6.75% | 6.75% | 6.70% |
| Axis Bank FD Rates | 7.05 (15 months to 2 years) | 6.00 | 7.05 | 6.90 | 6.90 | 6.90 |
| PNB FD Rates | 7.00 (390 days) | 6.70 | 6.80 | 6.75 | 6.25 | 6.00 |
| Yes Bank FD Rates | 7.50% (12 months 1 day to 60 months) | 7.00% | 7.50% | 7.50% | 7.50% | 7.00% |
| Kotak Mahindra FD Rates | 7.05% (23 months 1 Day- less than 2 years) | 6.80% | 7.05% | 6.90% | 6.90% | 6.20% |
| Bandhan Bank FD Rates | 7.75% (1 year) | 7.75% | 7.25% | 7.25% | 7.25% | 5.85% |
| Suryoday SFB FD Rates | 8.60% (5 Years) | 7.90% | 8.10% | 8.40% | 8.60% | 7.25% |
| Ujjivan SFB FD Rates | 8.05% (18 Months) | 7.90% | 7.75% | 7.75% | 7.20% | 6.50% |
| ESAF SFB FD Rates | 7.75% (444 days) | 5.00% | 7.50% | 7.50% | 6.25% | 6.00% |
| Unity SFB FD Rates | 8.60% (1001 Days) | 7.25% | 7.75% | 8.15% | 8.15% | 7.00% |
| Barclays Bank FD Rates | 5.80 (90-104 days) | 5.60% | 5.65% | 5.69% | 5.74% | - |
*FD Rate of Interest are effective as of May 2025.
Note: The rate of interest on FD mentioned in the above table is subject to change. The table does not represent any chronological order.
Information About
Guaranteed Return Plans
Returns Before Tax
6.9%* (TAX-FREE)
Returns After Tax
6.9%*
Guaranteed Returns
Yes
Life Cover
Yes
Tax on Profit
Tax Free*
Risk
No Risk
Fixed Deposits
Returns Before Tax
7% (TAXABLE)
Returns After Tax
4.8%
Guaranteed Returns
Yes
Life Cover
No
Tax on Profit
Taxable
Risk
Low Risk
Debt Mutual Fund
Returns Before Tax
8% (TAXABLE)
Returns After Tax
5.5%
Guaranteed Returns
No
Life Cover
No
Tax on Profit
Taxable
Risk
High Risk
*For annual premium upto ₹5 Lacs
List of Different Types of Banks Offering High Interest Rates in India
Fixed Deposit Schemes offer various rates of interest on FDs based on different factors. Let’s take a look at a concise breakdown of these rates, including the maximum interest rate on FD from different banks.
The FD interest rates in India offered by different types of banks / NBFCs are categorised as follows:
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Public Sector Bank FD Rates
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Private Sector Bank FD Rates
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Small Finance Bank FD Rates
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Non-Banking Financial Company (NBFC) FD Rates
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Foreign Bank FD Rates
Top Public Sector Banks Giving High Interest Rates on FD in India
Here is a list of the best fixed deposit interest rates in India offered by PSBs for deposits of up to Rs. 3 crores:
| Name of Bank FD | Rate of Interest on FD for General Citizens (in % p.a.) | Rate of Interest on FD for Senior Citizens (in % p.a.) |
| Allahabad Bank (Indian Bank) FD Rates | 2.80% to 7.15% | 3.30 to 7.65% |
| Bank of Baroda FD Rates | 4.00% to 7.10% | 4.50% to 7.60% |
| Bank of India (BOI) FD Rates | 3.00% to 7.05% | 3.00% to 7.55% |
| Canara (Syndicate Bank) Bank FD Rates | 4.00% to 7.00% | 4.00% to 7.50% |
| Central Bank FD Rates | 3.50% to 7.15% | 4.00% to 7.65% |
| Indian Overseas Bank FD Rates | 4.00% to 7.10% | 4.50% to 7.60% |
| PNB FD Rates | 3.50% to 7.00% | 4.00% to 7.50% |
| Bank of Maharashtra FD Rates | 2.75% to 6.75% | 2.75% to 7.25% |
| SBI Bank FD Rates | 3.30% to 6.70% | 3.80% to 7.30% |
| Union Bank of India (Andhra Bank) | 3.50% to 7.15% | 4.00% to 7.65% |
*FD Rate of Interest is effective as of May 2025.
Note: The interest rate on FD for the particular banks mentioned in the above table is subject to change, including revisions in maximum interest rate on FD offered by the bank.
Top Private Sector Banks Giving High Interest Rates on FD
Leading Private Sector Banks in India offer the best rate of interest on FD of up to Rs. 3 crores, as mentioned in the table below:
| Name of Bank | Rate of Interest on FD for General Citizens (in % p.a.) | Rate of Interest on FD for Senior Citizens (in % p.a.) |
| Axis Bank FD Rates | 3.00% to 7.05% | 3.50% to 7.65% |
| Bandhan Bank FD Rates | 3.00% to 7.75% | 3.75% to 8.25% |
| DBS Bank FD Rates | 2.50% to 7.15% | 2.50% to 7.65% |
| Dhanlaxmi Bank FD Rates | 4.25% to 7.25% | 4.25% to 7.75% |
| HDFC FD Rates | 3.00% to 7.05% | 3.50% to 7.55% |
| IDFC Bank FD Rates | 3.00% to 7.15% | 3.50% to 7.65% |
| ICICI Bank FD Rates | 3.00% to 6.85% | 3.50% to 7.35% |
| Karur Vysya Bank FD Rates | 4.00% to 7.25% | 6.65% To 7.55% |
| RBL Bank FD Rates | 3.50% to 7.75% | 4.00% to 8.25% |
| SBM Bank FD Rates | 4.25% to 8.10% | 4.75% to 8.60% |
| IndusInd Bank FD Rates | 3.50% to 7.75% | 4.00% to 8.00% |
| Jammu & Kashmir Bank FD Rates | 3.50% to 7.30% | 4.00% to 7.80% |
| Yes Bank FD Rates | 3.25% to 7.50% | 3.75% to 8.25% |
*FD Rate of Interest are effective as of May 2025.
FD interest rates India have fallen consistently over the last 12 years.
Top Small Finance Banks Giving High Interest Rates on FD
The Small Finance Banks (SFBs) registered under the Companies Act, 2013 offer high FD rates of interest to give financial support to the weaker sections of the economy.
The list of best rates of interest on FD for deposits of up to Rs. 3 crores by SFBs is as follows:
| List of Top Small Finance Banks (SFBs) | Rate of Interest on FD for General Citizens (in % p.a.) | Rate of Interest on FD for Senior Citizens (in % p.a.) |
| Suryoday SF Bank FD Rates | 4.00% to 8.60% | 4.50% to 9.10% |
| Ujjivan SF Bank FD Rates | 3.75% to 8.05% | 4.25% to 8.55% |
| ESAF SF Bank FD Rates | 3.00% to 7.75% | 3.50% to 8.25% |
| Unity SF Bank FD Rates | 4.50% to 8.60% | 4.50% to 9.10% |
| Jana SF Bank FD Rates | 6.25% to 8.20% | 6.25% to 8.55%% |
| Utkarsh SF Bank FD Rates | 4.00% to 8.25% | 4.50% to 8.75% |
| Equitas SF Bank FD Rates | 3.50% to 8.05% | 4.00% to 8.55% |
| Fincare SF Bank FD Rates | 3.00% to 8.51% | 3.60% to 9.11% |
| AU SF Bank FD Rates | 3.75% to 7.75% | 4.25% to 8.25% |
*FD Rate of Interest are effective as of May 2025.
Top NBFCs Banks Giving High Interest Rates on FD
Non-Banking Financial Companies (NBFCs) offer a better interest rate on FD than SCBs.
Here is a list of the best rates of interest on FD in 2025 provided by the top NBFCs in India for deposits of up to Rs. 3 crores:
| Non-Banking Financial Companies (NBFC) | FD Interest Rate General Citizens (in % p.a.) | FD Interest Rate Senior Citizens (in % p.a.) | Tenure |
| Hawkins Cookers Ltd FD | 7.5% - 8.00% | - | 1 - 3 Years |
| Aditya Birla Capital FD | 7.05% - 7.50% | 7.30% - 7.75% | 1 - 5 Years |
| Bajaj Finserv FD | 7.00% - 7.40% | 7.55% - 7.95% | 1 - 5 years |
| Mahindra & Mahindra Finance Service Ltd FD | 7.75% - 8.05% | 7.85% - 8.15% | 1 - 5 Years |
| Shriram Finance FD | 7.39% - 8.09% | 7.89% - 8.59% | 1 - 5 Years |
| Sundaram Finance FD | 7.20% - 7.50% | 7.70% - 8.00% | 1 - 3 Years |
*FD Rate of Interest is effective as of May 2025.
Note: The Fixed Deposit interest rates mentioned in the above table are subject to change. The table does not represent any chronological order.
Top Foreign Banks Giving High Interest Rates on FD
The list of foreign banks offering the best FD rates in India on deposits of up to Rs. 3 crores is as follows:
| List of Foreign Bank FDs | Rate of Interest on FD for General Citizens (in % p.a.) | Rate of Interest on FD for Senior Citizens (in % p.a.) |
| Deutsche Bank FD Rates | 3.00% To 7.75% | 3.00% To 7.75% |
| Citi Bank FD Rates | 3.00% to 7.25% | 3.50% to 7.50% |
| HSBC Bank FD Rates | 2.50% to 7.00% | 3.00% to 7.50% |
| Standard Chartered Bank FD Rates | 2.75% to 7.10% | 2.75% to 7.70% |
| Barclays Bank FD Rates | 5.00% to 5.74% | - |
*FD Rate of Interest is effective as of May 2025.
Documents Required To Open Fixed Deposit Account
Here is the list of must-have documents for opening a Fixed Deposit Account with the best FD rate of interest in India:
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Proof of Identity:
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Aadhaar card
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PAN card
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Driving license
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Voter ID card
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Government ID card
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Address proof:
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Passport
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Electricity bill
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Utility bills
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Photo Ration Card
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Savings Account Details to Link with FD Account:
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Bank Statement
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Cancelled cheque
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Benefits of Banks Giving High Interest Rates on FD
The key features of the best Fixed Deposit interest rates in India are listed below:
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Better Rates of interest on FD
The best-fixed deposit rates in India by banks are better than the regular savings account interest rate.
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Indian Citizen Can Open an FD Account
Any Indian resident, including minors, NRIs, and Hindu Undivided Families (HUF), can open a fixed deposit account.
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Select Maximum Two Nominees
You can select up to two nominees for your Fixed Deposit. These nominees will be eligible to collect the maturity amount by providing valid proof of death of the account holder.
Wrapping up
Which bank gives the highest interest rate on an FD is a concern that depositors almost always consider before investing. While leading banks like HDFC, ICICI and Kotak offer some of the highest rates, you can also check the rates from small finance banks. These fixed deposits remain popular among low-risk investors due to features like guaranteed returns, loans on FD, and tax benefits. You must compare all the FD savings plans based on your investment horizon and future financial needs.
Bank FD Interest Rates
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Bangiya Gramin Vikash Bank FD Rates
Bank of Baroda FD Rates
Bank of Ceylon FD Rates
Bank of Maharashtra FD Rates
Baroda Gujarat Gramin Bank FD Interest Rates
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Allahabad Bank FD Calculator
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AU Bank FD Calculator
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Bank of Baroda FD Calculator
Bank of India FD Calculator
Bank of Maharashtra FD Calculator
Canara Bank FD Calculator
Central Bank FD Calculator
Corporation Bank FD Calculator
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FAQs
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Which bank gives more interest on FDs?
Some small finance banks like Suryoday Small Finance Bank and Utkarsh Small Finance Bank offer the highest FD interest rates, up to 8.40% p.a. for regular investors and even higher for senior citizens. Among major private banks, Axis Bank and HDFC Bank offer up to 6.60% p.a. to the general public, while senior citizens can earn up to 7.35% p.a. with Axis Bank (as of July 2025). -
Which bank gives higher interest on FD?
Leading private sector banks like Axis Bank, HDFC Bank, and Kotak Bank offer up to 6.60% p.a. to the general public, while senior citizens can earn up to 7.35% p.a. (as of July 2025). Small finance banks like Suryoday SFB also offer comparatively higher rates. -
Which Bank gives the highest rate of interest on FD?
Following is the list of highest FD rates bank in India in 2025 for general and senior citizens:Bank Name FD Interest Rates for General Citizens (in % p.a.) FD Interest Rates for Senior Citizens (in % p.a.) Unity Small Finance Bank 4.50% - 9.00% 4.50% - 9.50% Canara Bank 4.00% - 7.25% 4.00% - 7.75% Utkarsh Small Finance Bank 4.00% - 8.50% 4.60% - 9.10% IndusInd Bank 3.50% - 7.50% 4.25% - 8.25% Punjab National Bank 3.50% - 7.25% 4.00% - 7.75% YES Bank 3.25% - 7.75% 3.75% - 8.25% Union Bank of India 3.00% - 7.25% 3.50% - 7.75% HDFC Bank 3.00% - 7.20% 3.50% - 7.70% ICICI Bank 3.00% - 7.10% 3.50% - 7.65% SBI Bank 3.00% - 7.10% 3.50% - 7.60% -
Who is offering the highest interest rate for fixed deposits?
The following financial institutions are offering the highest interest rate for Fixed Deposit in India in 2025:-
Unity Small Finance Bank
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Suryoday Small Finance Bank
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IDFC First Bank
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Aditya Birla Capital
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Punjab National Bank (PNB)
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Which is the highest FD rate bank in the public sector in 2025?
The following list shows which Bank has the highest interest rate for Fixed Deposits in the public sector in 2025:
Name of Public Sector BankHighest
FD Interest Rate
(in % p.a.)1-year
FD Rates
(in % p.a.)3-year
FD Rates
(in % p.a.)5-year
FD Rates
(in % p.a.)Additional
Interest Rate
for Senior Citizens
(in % p.a.)Punjab & Sind Bank 7.40% 6.20% 6.00% 6.00% 0.50% Punjab National Bank 7.25% 6.75% 7.00% 6.50% 0.50% Bank of Baroda 7.25% 6.85% 7.25% 6.50% 0.50-1.00% State Bank of India 7.10% 6.80% 6.80% 6.80% 0.50% -
Which private sector bank has the highest FD interest rates in 2025?
The following list shows which Bank gives highest interest rate on Fixed Deposit in India among the private sector banks:
BanksHighest
FD rate
(% p.a.)1-year
FD rate
(% p.a.)3-year
FD rate
(% p.a.)5-year
FD rate
(% p.a.)Additional
interest rate
for senior citizens
(% p.a.)Bandhan Bank 7.85% 7.25% 7.25% 5.85% 0.50% - 0.75% ICICI Bank 7.10% 6.70% 6.70% 6.70% 0.50% Induslnd Bank 7.85% 7.50% 7.25% 7.25% 0.40% - 0.75% IDFC First Bank 7.75% 6.50% 7.25% 7.00% 0.50% YES Bank 7.75% 7.25% 7.25% 7.25% 0.50% - 0.75% -
Which is the highest interest-rate bank in 2025?
The following are the highest FD rates banks in 2025 in India:Bank Name FD Interest Rates for General Citizens (in % p.a.) FD Interest Rates for Senior Citizens (in % p.a.) Unity Small Finance Bank 4.50% - 9.00% 4.50% - 9.50% Bank of Baroda 4.25% - 7.25% 4.75% - 7.75% Suryoday Small Finance Bank 4.00% - 8.65% 4.50% - 9.10% Utkarsh Small Finance Bank 4.00% - 8.50% 4.60% - 9.10% Ujjivan Small Finance Bank 3.75% - 8.25% 4.25% - 8.75% IndusInd Bank 3.50% - 7.50% 4.25% - 8.25% Punjab National Bank 3.50% - 7.25% 4.00% - 7.75% Equitas Small Finance Bank 3.50% - 8.50% 3.50% - 8.77% HDFC Bank 3.00% - 7.20% 3.50% - 7.70% ICICI Bank 3.00% - 7.10% 3.50% - 7.65% SBI Bank 3.00% - 7.10% 3.50% - 7.60% Fincare Small Finance Bank 3.00% - 8.61% 3.60% - 9.21% Jana Small Finance Bank 3.00% - 8.50% 3.50% - 9.00% Indian Bank 2.80% - 7.25% 3.30% - 7.75% -
How do you get 7% interest on FD?
You can follow the ways mentioned below to get 7% p.a. on a fixed deposit (FD) in India:-
Specific tenures: Several banks offer 7% interest for specific tenures.
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Senior citizens: Senior citizens often get 0.50% - 0.75% p.a. higher interest rates.
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Small Finance Banks (SFBs) and Non-Banking Financial Companies (NBFCs): These institutions often offer higher interest rates compared to traditional banks.
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Special schemes: Banks occasionally offer special schemes with higher interest rates for limited periods.
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Who would you consider the best interest rate bank for fixed deposits?
The following are the 5 best interest rates banks for fixed deposit in India in 2025:-
HDFC Bank
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SBI Bank
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Axis Bank
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PNB Bank
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Yes Bank
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ICICI Bank
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* 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. 20,000/- 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
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
˜Top 5 plans based on annualized premium, for bookings made through https://www.policybazaar.com in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
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