1. Which bank in India has the highest FD interest rate?

Some of the leading banks in India that have the best FD rates include Bandhan Bank and Punjab & Sind Bank, which have up to 7.95% p.a. as the top rate that is given to senior citizens. NBFCs like Muthoot Capital offer higher rates up to 9.10% p.a. as compared to banks.

2. Do senior citizens get higher FD interest rates than general citizens?

Yes, senior citizens FD rates are better than those for general citizens in banks and NBFCs. The extra rate is usually 0.25% or 0.50% per annum, and it helps seniors to earn a higher and more stable income from fixed deposits.

3. Are NBFC FD rates higher than bank FD rates?

NBFCs generally have higher FD interest rates as compared to banks. Muthoot Capital FD rates are 9.10% p.a. for general and 9.35% p.a. for senior citizens. Bank FDs are more stable, but NBFC FDs offer better returns, particularly to senior citizens.

4. Which bank gives 9.5% interest on FD in India?

In India, there is no bank that provides a 9.5% p.a. FD interest rate, rathe up to 9.10% p.a. for general customers and 9.35% p.a. for senior citizens is provided by Muthoot Capital, which is the highest amongst all in the market.

5. Which bank gives the highest interest rate on FD 2026?

Suryoday Small Finance Bank offers the highest regular fixed deposit interest rate at 8.25% p.a. for the general public and 8.50% p.a. for senior citizens. Small finance banks provide higher returns than traditional public or private sector banks.

FD Rates Comparison in India

Fixed deposit (FD) interest rates in India currently range from 2.50% to 8.50% p.a. for general citizens, with an additional 0.50% p.a. to 0.75% p.a. for senior citizens. Small Finance Banks and NBFCs offer the highest returns, while public sector banks provide safe and standard rates.

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Comparison by Bank Categories

The below tables contains the highest FD interest rates on deposits below ₹3 crore offered by selected Small Finance banks, SFBs, public and private sector banks in India.

Small Finance Banks (Highest Rates)

Suryoday Small Finance Bank provides the highest FD rate compared to other SFBs, up to 8.25% p.a. for general customers and 8.50% p.a. for senior citizens, effective from August 15, 2026 (last verified in September):

SFB Name	General Citizens Highest Rate (p.a.)	Senior Citizens Highest Rate (p.a.)
Suryoday Small Finance Bank FD Rates	8.25% (Highest)	8.50% (Highest)
Utkarsh Small Finance Bank FD Rates	8.10%	8.25%
Shivalik Small Finance Bank FD Rates	8.00%	8.50%
Jana Small Finance Bank FD Rates	8.00%	8.30%
Equitas Small Finance Bank FD Rates	8.00%	8.50%

*FD interest rates as of September, 2026

Large Public Sector Banks

Bandhan Bank offers the highest fixed deposit interest rate of up to 7.45% p.a. for general and 7.95% p.a. for senior citizens on a 2-year to 3-year tenure, effective from June 20, 2026 (last verified in September):

Bank FD	General Citizens Highest Rate (p.a.)	Senior Citizens Highest Rate (p.a.)
Bandhan Bank FD Rates	7.45% (Highest)	7.95% (Highest)
City Union Bank FD Rates	7.25%	7.50%
IDFC FIRST Bank FD Rates	7.25%	7.50%
Karur Vysya Bank FD Rates	7.20%	7.70%
Yes Bank FD Rates	7.25%	7.75%

*Fixed deposit rates as of September 2026

Public Sector (PSU) Banks

Punjab & Sind Bank provides the highest FD rate compared to other public banks, up to 6.85% p.a. for general and 7.35% p.a. for senior citizens on a 666-day tenure, effective from June 16, 2026 (last verified in September):

Bank FD	General Citizens Highest Rate (p.a.)	Senior Citizens Highest Rate (p.a.)
Punjab & Sind Bank FD Rates	6.85% (Highest)	7.35% (Highest)
Bank of Baroda FD Rates	6.75%	7.25%
Bank of India FD Rates	6.70%	7.20%
Indian Bank FD Rates	6.75%	7.25%
State Bank of India FD Rates	6.45%	7.05%

*FD interest rates as of September, 2026

Top NBFCs with the Highest FD Rates

Muthoot Capital offers the highest FD interest rates for general and senior citizens up to 9.10% p.a. and 9.35% p.a. for a 36-month tenure, respectively, as of September:

NBFC	General Citizen Rate (% p.a.)	Senior Citizen Rate (% p.a.)
Muthoot Capital Services	9.10% p.a. (Highest)	9.35% p.a. (Highest)
Shriram Finance	7.25% p.a.	7.75% p.a.
Bajaj Finance	7.40% p.a.	7.75% p.a.
Manipal Housing Finance	8.25% p.a.	8.50% p.a.
ICICI Home Finance	7.10% p.a.	7.45% p.a.

*FD interest rates as of September 2026

Tenure-Based Comparison (General Citizens Below 3 Crore)

If you compare banks, NBFCs and SFBs, Muthoot Capital provides the highest FD interest rates amongst all the tenures as of August (last verified in September):

Bank Name	Interest Rate (p.a.)
Bank Name	1-year tenure	3-year tenure	5-year tenure
Muthoot Capital	7.90% (Highest)	9.10% (Highest)	8.90% (Highest)
Shriram Finance	6.85%	7.50%	7.50%
Punjab & Sind Bank	6.50%	6.70%	6.25%
Bank of India	6.50%	6.70%	6.00%
Indian Overseas Bank	6.60%	6.50%	6.20%
RBL Bank	6.05%	7.20%	6.70%
Bandhan Bank	7.00%	7.45%	7.25%
Yes Bank	6.65%	7.00%	6.75%
IndusInd Bank	6.75%	7.00%	6.50%

*FD interest rates as of September, 2026

FAQs

1. Which bank in India has the highest FD interest rate?

Some of the leading banks in India that have the best FD rates include Bandhan Bank and Punjab & Sind Bank, which have up to 7.95% p.a. as the top rate that is given to senior citizens. NBFCs like Muthoot Capital offer higher rates up to 9.10% p.a. as compared to banks.
2. Do senior citizens get higher FD interest rates than general citizens?

Yes, senior citizens FD rates are better than those for general citizens in banks and NBFCs. The extra rate is usually 0.25% or 0.50% per annum, and it helps seniors to earn a higher and more stable income from fixed deposits.
3. Are NBFC FD rates higher than bank FD rates?

NBFCs generally have higher FD interest rates as compared to banks. Muthoot Capital FD rates are 9.10% p.a. for general and 9.35% p.a. for senior citizens. Bank FDs are more stable, but NBFC FDs offer better returns, particularly to senior citizens.
4. Which bank gives 9.5% interest on FD in India?

In India, there is no bank that provides a 9.5% p.a. FD interest rate, rathe up to 9.10% p.a. for general customers and 9.35% p.a. for senior citizens is provided by Muthoot Capital, which is the highest amongst all in the market.
5. Which bank gives the highest interest rate on FD 2026?

Suryoday Small Finance Bank offers the highest regular fixed deposit interest rate at 8.25% p.a. for the general public and 8.50% p.a. for senior citizens. Small finance banks provide higher returns than traditional public or private sector banks.