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% p.a. as the top rate that is given to senior citizens. NBFCs, rather than banks, are offering higher rates up to 9.10% p.a.

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, like Muthoot Capital, which offers 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.

FD Rates Comparison in India

The fixed deposit interest rates in India are generally between 2.50% p.a. to 8.10% p.a. for the general public, and up to 8.30% p.a. for senior citizens. The SFBs and NBFCs offer the highest FD rates up to 9.10% p.a. for general citizens and 9.35% p.a. for senior citizens offered by Muthoot Capital.

Guaranteed Returns

Includes Life Cover

Completely Tax Free+

3 Benefits, 1 Plan

Maximum returns offered by:

7.4%^* (Tax-Free)

Guaranteed Plan

(By Insurance companies)

4.6%^* (After Tax)

Fixed Deposit

(Offered by Banks)

4.0%^*

Savings Account

(Post Office)

Get Guaranteed returns upto 7.4%*

Fully Tax-Free, Life Cover Included

+91

View Plans

Your personal information is secure with us

By clicking on "View Plans" you agree to our Privacy Policy and Terms of use

Get Updates on WhatsApp

We are rated⁺⁺

13.2 Crore

Registered Consumer

Insurance Partners

6.29 Crore

Policies Sold

Explore plans

Updated: 01-06-2026 09:10:58 AM

What are FD Interest Rates?

FD interest rates are the rates charged on fixed deposits offered by banks/NBFCs and SFBs for a chosen tenure. The FD rate comparison in India also indicates substantial variation across institutions. FD rates for the public sector banks offer up to 8.10% p.a. for general and up to 8.30% p.a. for senior citizens.

The analysis of FD rates also indicates that NBFCs and certain financial institutions provide the highest returns, with approximately 7.00% to 9.10% for 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	7.25%	7.75%
Punjab & Sind Bank	6.75%	7.25%
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	6.85%	7.10%

*FD interest rates as of June, 2026

Top Public Sector Banks with the Highest FD Rates

Below is a comparison of the top public sector banks with their FD rates for general and senior citizens in India:

Bank Name	General Citizen Rate (% p.a.)	Senior Citizen Rate (% p.a.)
State Bank of India (SBI)	6.45% p.a.	7.05% p.a.
Bank of Baroda (BoB)	6.45% p.a.	7.00% p.a.
Punjab National Bank (PNB)	6.60% p.a.	7.10% p.a.
Bank of India	6.60% p.a.	7.10% p.a.
Canara Bank	6.50% p.a.	7.00% p.a.
Union Bank of India	6.60% p.a.	7.10% p.a.
Punjab & Sind Bank	6.75% p.a.	7.25% p.a.

*FD interest rates as of June, 2026

Top Private Banks Offering the Best FD Rates in India

The table below compares fixed deposit interest rates offered by top 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.)
HDFC Bank	6.50% p.a.	7.00% p.a.
ICICI Bank	6.60% p.a.	7.10% p.a.
Axis Bank	6.45% p.a.	7.20% p.a.
Kotak Mahindra Bank	6.80% p.a.	7.30% p.a.
Yes Bank	7.00% p.a.	7.75% p.a.
Bandhan Bank	7.25% p.a.	7.75% p.a.
IDFC FIRST Bank	7.25% p.a.	7.50% p.a.
IndusInd Bank	7.00% p.a.	7.50% p.a.
RBL Bank	7.20% p.a.	7.70% p.a.

*FD interest rates as of June, 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 Services	9.10% p.a.	9.35% p.a.
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.
PNB Housing Finance	6.90% p.a.	7.15% p.a.
Sundaram Finance	7.00% p.a.	7.50% p.a.
LIC Housing Finance	6.85% p.a.	7.10% p.a.
ICICI Home Finance	7.10% p.a.	7.45% p.a.

*FD interest rates as of June, 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.)
Bank Name	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 for senior citizens, it’s from 3.00% to 9.10% 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 with the facility of loan against FD, tax saver FD, etc. Senior citizens are generally given better rates on all types of FD investments, regardless of the bank type.

FAQs

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% p.a. as the top rate that is given to senior citizens. NBFCs, rather than banks, are offering higher rates up to 9.10% p.a.
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, like Muthoot Capital, which offers 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.