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FD Rates Comparison in India
The interest rates on fixed deposits (FDs) in India are generally between 2.60% to 8.60% p.a. for general citizens and between 3.00% to 8.85% per annum for senior citizens. FD rates comparison of the banks, SFBs and NBFCs that offer the highest FD rates up to 9.10 for general citizens and 9.35% p.a. for senior citizens
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FD Interest Rates
- FD Rates Comparison in India
What are FD Interest Rates?
FD interest rates are the interest rates charged on fixed deposits to the banks and NBFCs and deposited with them for a specific time. The FD rates comparison in India also indicates a vast diversification between institutions. FD interest rates of the banks in the public sector range from 2.6% to 6.7% for general citizens and 2.85% to 7.2% for senior citizens.
The higher ranges of 2.75% to 7.2% and 3.25% to 7.75% are offered by the private banks. The analysis of FD rates also indicates that NBFCs and certain financial institutions provide the highest returns, with approximately 6.6% to 9.10% to general citizens and up to 9.35% for senior citizens. Senior citizens FD rates are comparatively higher than the general public rates for almost every bank.
Top 10 Financial Institutions Offering the Highest FD Rates in India
The following table gives a list of the selected financial institutions in India and their maximum fixed deposit interest rates to the general and senior citizens:
| Financial Institution | General Citizen Rate (% p.a.) | Senior Citizen Rate (% p.a.) |
| Muthoot Capital | 9.10 | 9.35 |
| Shriram Finance | 7.60 | 8.10 |
| Punjab & Sind Bank | 6.70 | 7.20 |
| Bank of India | 6.60 | 7.10 |
| Indian Overseas Bank | 6.60 | 7.10 |
| RBL Bank | 7.20 | 7.70 |
| Bandhan Bank | 7.25 | 7.75 |
| Yes Bank | 7.00 | 7.75 |
| IndusInd Bank | 7.00 | 7.50 |
| LIC Housing Finance | 6.90 | 7.40 |
*FD interest rates w.e.f March, 2026
Top Public Sector Banks with the Highest FD Rates
Below is a comparison of public sector banks offering some of the highest fixed deposit interest rates for general and senior citizens in India:
| Bank Name | General Citizen Rate (% p.a.) | Senior Citizen Rate (% p.a.) |
| Central Bank of India | 3.00- 6.25 | 3.50-6.75 |
| Bank of Maharashtra | 2.60 -6.15 | 3.10-6.65 |
| Punjab & Sind Bank | 2.85-6.70 | 3.35 -7.20 |
| Canara Bank | 3.00-6.50 | 3.00-7.00 |
| Bank of India | 3.00-6.70 | 3.50-7.20 |
| Bank of Baroda | 3.50 - 6.45 | 4.00- 6.95 |
| Indian Overseas Bank | 3.50- 6.70 | 4.00-7.20 |
| Union Bank of India | 2.75- 6.30 | 3.25-6.80 |
| Indian Bank | 2.80-6.45 | 3.30-6.95 |
| State Bank of India | 3.05- 6.40 | 3.55-7.05 |
*FD interest rates w.e.f March, 2026
Top Private Banks Offering the Best FD Rates in India
The table below compares fixed deposit interest rates offered by major private sector banks in India for general and senior citizens:
| Private Sector Bank | General Citizen FD Rate (% p.a.) | Senior Citizen FD Rate (% p.a.) |
| IndusInd Bank | 3.25-7.00 | 3.75-7.50 |
| RBL Bank | 3.50-7.20 | 4.00-7.70 |
| Yes Bank | 3.25 - 7.00 | 3.75 - 7.75 |
| Federal Bank | 3.00-6.75 | 3.50-7.25 |
| IDFC First Bank | 3.00-7.00 | 3.50-7.50 |
| ICICI Bank | 2.75- 6.50 | 3.25-7.10 |
| HDFC Bank | 2.75-6.45 | 3.25-6.95 |
| Axis Bank | 3.00-6.45 | 3.50-7.20 |
| Kotak Mahindra Bank | 2.75-6.70 | 3.25-7.20 |
| Bandhan Bank | 2.95 -7.20 | 3.70 -7.70 |
*FD interest rates w.e.f March, 2026
Top NBFCs with the Highest FD Rates
The following table shows the fixed deposit interest rates of the major NBFCs in India, where seniors get a higher rate than the general investors:
| NBFC | General Citizen Rate (% p.a.) | Senior Citizen Rate (% p.a.) |
| Muthoot Capital | 7.90 - 9.10 | 8.15 - 9.35 |
| Shriram Finance | 7.00-7.60 | 7.50-8.10 |
| Bajaj Finance | 6.60-6.95 | 6.95-7.30 |
| PNB Housing Finance | 6.60-6.90 | 6.85-7.15 |
| ICICI Home Finance | 6.75- 7.00 | 7.10- 7.50 |
| LIC Housing Finance | 6.70-6.90 | 6.95-7.15 |
*FD interest rates w.e.f March, 2026
FD Interest Rates Comparison
A comparison of FD interest rates of various banks and financial institutions in India based on the 1-year, 3-year and 5-year tenures is given in the table below:
| Bank Name | Interest Rate (% p.a.) | ||
| 1-year tenure | 3-year tenure | 5-year tenure | |
| Muthoot Capital | 7.90 | 8.95 | 8.50 |
| Shriram Finance | 7.00 | 7.60 | 7.60 |
| Punjab & Sind Bank | 5.85 | 5.85 | 5.95 |
| Bank of India | 6.25 | 6.25 | 6.00 |
| Indian Overseas Bank | 6.50 | 6.10 | 6.10 |
| RBL Bank | 6.05 | 7.20 | 6.70 |
| Bandhan Bank | 7.00 | 7.00 | 5.85 |
| Yes Bank | 6.65 | 7.00 | 6.75 |
| IndusInd Bank | 6.75 | 6.65 | 6.65 |
| LIC Housing Finance | 6.70 | 6.85 | 6.90 |
*FD interest rates w.e.f March, 2026
Key Takeaways
The general interest rates on FD in India are more or less 2.60% to 8.60% per annum, and the interest rates on senior citizens are 3.00% to 8.85% per annum. FD rates comparison reveals that the public sector banks have low but stable rates, the private banks are in the middle range, and the NBFCs, in addition to some financial institutions, give the highest returns. Elderly citizens are generally given better rates on all types of FD investments, regardless of the bank type.
FAQs
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1. Which bank in India gives the highest interest on FD?
Some of the leading banks in India that have the best FD rates include Bandhan Bank and RBL Bank, which have up to 7.70% per annum as the top rate that is given to senior citizens. NBFCs, rather than banks, are offering higher rates up to 9.10%. -
2. Do senior citizens get higher FD interest rates than general citizens?
Yes, the senior citizens get better rates of interest in FDs than the general citizens in banks and NBFCs. The extra rate is usually 0.25% or 0.5% per annum, and it helps the seniors to earn a higher and more stable income out of the fixed deposits. -
3. Are NBFC FD rates higher than bank FD rates?
NBFCs generally have high FD interest rates as compared to banks in the public and private sectors. Bank FDs are more stable, but NBFC FDs offer better returns, particularly to senior citizens, although credit ratings and risk level are also to be checked by the investors.
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