Q. What are the current FD interest rates in 2026?

As of June 2026, FD interest rates in banks vary between 2.50% p.a. to 8.10% p.a. for the general depositors, which is offered by Shivalik Small Finance Bank. Senior citizens can earn even higher returns, ranging from 8.30% to 8.75% p.a. at selected SFBs and NBFCs. The public sector banks like SBI and Bank of Baroda currently offer FD rates between 6.25% to 6.60% p.a. on popular tenures, while leading private sector banks provide from 6.25% to 7.40% p.a.

Q. Which bank offers the highest FD interest rate in India?

Small finance banks offer the highest FD interest rates. Currently, Unity Small Finance Bank and Suryoday Small Finance Bank offer the highest FD rates, 7.25% p.a. and 8.10% p.a., respectively, for the general public. For senior citizens, the highest rates are 9.10% and 8.30%.

Q. Which bank gives 9.5% p.a. interest on FD?

No bank in India currently offers 9.5% p.a. interest rate on FD. The highest FD rate available is 9.35% p.a. for senior citizens, offered by Muthoot Capital (an NBFC). General-public depositors get up to 9.10% p.a.

Q. What is the FD rate today?

The highest public sector banks offer FD interest rates from 2.50% up to 6.70% p.a., and on the other hand, private sector banks offer from 3.00% up to 7.25% p.a.

Q. Is it allowed to withdraw my FD before maturity?

Yes, most fixed deposits (except tax-saving and specifically mentioned non-callable FDs) are allowed to be withdrawn before maturity. Withdrawals made early, however, usually incur some sort of penalty of 0.50% to 1.00% of the effective interest rate. This is because you'll receive less interest than the initial offer. Premature withdrawal is not allowed in any case for tax-saving FDs, which have a lock-in tenure of 5 years.

Q. Who can invest in an FD scheme in India?

Any Indian citizen (resident or non-resident) can invest in fixed deposits in India. Eligible are Indian residents (including the minors in their presence), Hindu Undivided Families (HUFs), sole proprietorships, partnership firms, private and public limited companies and trusts. NRIs can invest either through an NRE account, an NRO account, or an FCNR fixed deposit account.

Q. What are the best FD interest rates in India?

The best FD interest rates in India for the general public is 8.10% by SFBs. Private-sector banks like Bandhan and IDFC FIRST offer up to 7.25% to general citizens. The best FD rate for senior citizens are 8.30% p.a. at some SFBs and up to 9.35% p.a. by a few NBFCs.

Q. What do you mean by NRE fixed deposit?

An NRE fixed deposit is an FD booked through a Non-Resident External bank account. It's a rupee-denominated deposit account available only for NRIs for parking foreign income remitted to India. Both the principal and the interest earned are fully repatriable (meaning they can be transferred back abroad freely). The interest earned on an NRE FD is completely tax-free in India.

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Latest FD Interest Rates

Fixed deposit (FD) interest rates in India range from 2.50% p.a. to 8.10% p.a. for the general public, and up to 8.30% p.a. for senior citizens, for tenures ranging from 7 days to 10 years. Small Finance Banks offer the highest FD interest rates, and public sector banks like SBI offer up to 6.45% p.a. on a special 444-day tenure. Senior citizens earn between 0.50% and 0.75% at most of the banks. Deposits up to ₹5 lakh are insured by DICGC at all scheduled banks.

What Are Fixed Deposit Interest Rates?

When you book a fixed deposit for a certain period, the bank or the NBFC guarantees a rate based on the applicable slab. You earn interest during payout depending on the compounding frequency and the payout option. Most Indian banks use quarterly compounding. But the returns also depend on whether your FD is cumulative or non-cumulative. In a cumulative FD, interest compounds within the deposit and is paid at maturity. If you choose a non-cumulative FD interest is paid periodically, reducing the power of compounding.

Fixed deposits have remained a go-to choice for investors looking to put a lump sum and earn guaranteed returns, particularly those who prioritise capital safety over returns. DICGC insurance adds a further layer of security on top of what banks already provide. Beyond banks, FD offerings from NBFCs and post office FD rates also attract depositors seeking safe options.

How FD interest rates are calculated

Banks usually show you interest rates per annum at the time of booking an FD. However, most banks in India calculate interest quarterly. To do this, banks divide the annual rate into four quarters and compute accordingly. That means compounding-based growth of your deposit happens quarterly, not annually. All in all, your ROI depends on four main factors: the deposit amount, applicable interest rate, tenure, and payout frequency.

Key Factors Affecting FD Interest Rates

While economic factors like the RBI’s repo rate directly influence FD rates, other factors like deposit amount and age affect rates differently for every investor. Here are the most important factors impacting fixed deposit interest rates.

1
Repo Rate

RBI’s repo rate is the most important driver of FD rates. When the RBI raises repo rates, banks, too, increase FD rates and vice versa.
2
Economic Conditions

In a global, digital-powered economy, factors like inflation, liquidity in the banking industry, and GDP growth impact FD rates.
3
Deposit Tenure

Every bank offers a defined rate for a specific tenure. And your chosen time period plays a notable role in how much return you would get. Longer tenures usually provide higher returns.
4
Deposit Amount

Larger deposits often get higher rates and smaller savings. These are commonly known as "bulk deposits" and have special interest rates.
5
Depositor’s Age

Most banks offer higher rates to senior and super-senior citizens. This is a common benefit for those over sixty. Depositors below 60 get general public rates.
6
Type of Bank

Small finance or newer banks often offer higher interest rates to attract customers. Among larger banks, private banks usually offer higher rates than public sector banks.

FD Interest Rates Today: Highest Returns

Here’s a snapshot of the highest FD rates available across private banks, public banks, and NBFCs.

Bank Name & Type	Highest Interest for General Citizens	Highest Interest Senior Citizens	Tenure
Bank of India (Public Sector)	6.70% p.a.	7.45% p.a.	3 Years
Bandhan Bank (Private Sector)	7.25% p.a.	7.75% p.a.	2 years to less than 5 years
Muthoot Capital (NBFC)	9.10% p.a.	9.35% p.a.	36 Months

Note: FD interest rates w.e.f. June 2026. Rates are subject to change. Rates shown are for retail deposits below Rs. 3 crore.

Top 10 Banks Offering the Highest FD Rates in India

Below are the fixed deposit rates offered by leading public and private sector banks in India.

Bank Name	FD Interest Rate p.a. (General Public)	FD Interest Rate p.a. (Senior Citizens)
Suryoday Small Finance	8.10%	8.25%
Slice Small Finance	7.75%	7.75%
Shriram Finance	7.25%	7.75%
Shivalik Small Finance Bank	7.80%	8.30%
Bajaj Finance	7.40%	7.75%
ICICI Bank	6.60%	7.10%
Axis Bank	6.45%	7.20%
HDFC Bank	6.50%	7.00%
State Bank of India	6.45%	7.05%
Bank of Baroda	6.45%	7.00%

Note: FD interest rates as of June 2026. This table is not a ranking of banks and is for informational purposes only.

FD Rates of Top Public Sector Banks in India

Here is a list of the best fixed deposit interest rates in India offered by Public Sector Banks for deposits of up to ₹3 crores:

Name of the Bank	FD Interest Rate p.a. (General Public)	FD Interest Rate p.a. (Senior Citizens)
Bank of Baroda	3.50% - 6.45%	4.00% - 7.00%
Bank of India	3.00% - 6.70%	3.00% - 7.45%
Bank of Maharashtra	2.60% - 6.65%	3.10%- 7.15%
Canara Bank	3.00% - 6.60%	3.00% - 7.10%
Central Bank of India	3.50% - 6.25%	4.00% - 6.75%
Indian Bank	2.80% - 6.80%	3.30% - 7.30%
Indian Overseas Bank	3.50% - 6.60%	4.00% - 7.10%
Punjab & Sind Bank	2.85% - 6.75%	2.85% - 7.25%
Punjab National Bank	3.00% - 6.60%	3.50% - 7.10%
State Bank of India	3.05% - 6.45%	3.55% - 7.05%
UCO Bank	2.90% - 6.60%	3.15% - 7.10%
Union Bank of India	2.70% - 6.65%	3.20% - 7.15%

Note: Public sector banks here are listed based on their size. This order does not indicate performance, ranking, or recommendation. FD interest rates as of June 2026.

FD Rates of Top Private Sector Banks

Here is a list of the best fixed deposit interest rates in India offered by Private Sector Banks for deposits of up to ₹3 crores:

Name of the Bank	FD Interest Rate p.a. (General Citizens)	FD Interest Rate p.a. (Senior Citizens)
Axis Bank	3.00% - 6.45%	3.50% - 7.20%
Bandhan Bank	2.95% - 7.25%	3.70% - 7.75%
City Union Bank	4.00% - 7.25%	4.00% - 7.50%
DCB Bank	3.75% - 7.50%	4.00% - 8.00%
Dhanlaxmi Bank	4.00% - 7.25%	4.00% - 7.75%
Federal Bank	3.00% - 6.80%	3.50% - 7.30%
HDFC Bank	2.75% - 6.50%	3.25% - 7.00%
ICICI Bank	2.75% - 6.60%	3.25% - 7.10%
IndusInd Bank	3.25% - 7.00%	3.75% - 7.75%
IDFC FIRST Bank	3.50% - 7.50%	3.50% - 7.50%
Jammu & Kashmir Bank	3.50% - 7.25%	4.00% - 7.75%
Karnataka Bank	3.50% - 7.15%	3.75% - 7.55%
Karur Vysya Bank	4.00% - 7.20%	4.00% - 7.70%
Kotak Mahindra Bank	2.75% - 6.80%	3.25% - 7.30%
Nainital Bank	3.25% - 6.60%	3.75% - 7.10%
RBL Bank	3.50% - 7.20%	4.00% - 7.70%
South Indian Bank	2.90% - 6.80%	3.40% - 7.30%
Tamilnad Mercantile Bank	4.00% - 7.25%	4.00% - 7.70%
YES Bank	3.25% - 7.25%	3.75% - 7.75%
IDBI Bank	3.00% - 6.50%	3.50% - 7.00%

Note: FD interest rates w.e.f. June 2026. Rates are subject to change.

FD Rates Offered by SFBs, Foreign Banks, & NBFCs

Small finance banks (SFBs) and non-banking financial companies (NBFCs) offer higher rates than larger banks. Below are the available highest FD return rates.

Name of the Institution	FD Interest Rate p.a. (General Citizens)	FD Interest Rate p.a. (Senior Citizens)
ICICI Home Finance	6.75% - 7.00%	7.10%- 7.35%
PNB Housing Finance	6.60% - 6.90%	6.85% - 7.15%
Muthoot Capital	7.90% - 9.10%	8.15% - 9.30%
Slice Small Finance	3.50% - 7.75%	3.75% - 7.75%
Deutsche Bank	3.00% - 7.00%	3.00% - 7.00%
Shriram Finance	6.25% - 7.75%	6.75%- 8.25%
HSBC Bank	2.50% - 5.50%	3.00% - 6.00%
Standard Chartered	3.00% - 5.50%	-
Sundaram Finance	6.70% - 7.00%	7.20% - 7.50%
Mahindra Finance	6.60% - 7.45%	6.85% - 7.80%

Note: FD interest rates w.e.f. June 2026. Rates are subject to change. This table is not a ranking of NBFCs and small finance banks and is for informational purposes only.

FD Rates for Senior Citizens

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. Currently, the highest senior citizen FD rate is up to 7.75% p.a. from Bandhan Bank and Bank of India, and up to 9.35% p.a. from Muthoot Capital.

Top Banks and NBFCs Offering the Highest FD Rates in India

IDFC FIRST Bank Private Sector Bank

New-age private bank, built customer-first

Up to 7.35% p.a.

Bandhan Bank Private Sector Bank

India's first microfinance-turned-universal bank

Up to 7.25% p.a.

YES Bank Private Sector Bank

One of India's leading digital payments banks

Up to 7.25% p.a.

Punjab & Sind Bank Public Sector Bank

Trusted public sector bank, serving since 1908

Up to 6.75% p.a.

Bank of India Public Sector Bank

One of India's largest govt. banks

Up to 6.70% p.a.

Muthoot Capital NBFC

Trusted NBFC, backed by a 130+ year legacy

Up to 9.10% p.a.

Bajaj Finance NBFC

India's largest NBFC, trusted by crores

Up to 7.40% p.a.

Shriram Finance Limited NBFC

One of India's largest retail NBFCs

Up to 7.25% p.a.

Suryoday Small Finance Bank SFB

Among India's first small finance banks

Up to 8.10% p.a.

Shivalik Small Finance Bank SFB

India's first urban co-operative bank turned SFB

Up to 7.80% p.a.

*Highest FD interest rates as of June 2026*

Rates Comparison by Category: Short-Term, Medium-Term, & Long-Term FDs

Bank Name	Highest slab Interest Rates (% p.a.)	1-year tenure Interest Rates (% p.a.)	3-year tenure Interest Rates (% p.a.)	5-year tenure Interest Rates (% p.a.)
Suryoday Small Finance Bank	8.10%	7.25%	6.75%	7.90%
Slice Small Finance Bank	7.75%	6.25%	7.00%	6.50%
Shriram Finance	7.60%	7.00%	7.60%	7.60%
Shivalik Small Finance Bank	7.80%	6.75%	6.25%	6.25%
Bajaj Finance Bank	7.40%	6.60%	7.40%	7.40%
ICICI Bank	6.50%	6.25%	6.50%	6.50%
Axis Bank	6.45%	6.25%	6.45%	6.45%
HDFC Bank	6.50%	6.25%	6.50%	6.15%
State Bank of India	6.45%	6.25%	6.30%	6.05%
Bank of Baroda	6.45%	6.25%	6.30%	6.00%

FD interest rates as of June 2026.

Ternure FD Rates

Long Term FD Rates

Medium Term FD Rates

Short Term FD Rates

Bank Name	Tenure (3 Years to 10 Years)
Suryoday Small Finance	6.75% to 7.90%
Slice Small Finance	6.50% to 7.75%
Shriram Finance	Up to 7.25%
Shivalik Small Finance	Up to 6.25%
Bajaj Finserv	Up to 7.40%
ICICI Bank	Up to 6.50%
Axis Bank	Up to 6.45%
HDFC Bank	6.15% to 6.50%
State Bank of India	6.05% - 6.30%
Bank of Baroda	6.00% - 6.30%

FD interest rates as of June 2026.

Bank Name	Tenure (1 Year to 3 Years)
Suryoday Small Finance	Up to 7.25%
Slice Small Finance	7.25% - 7.50%
Shriram Finance	6.75% to 7.05%
Shivalik Small Finance	6.75% to 7.80%
Bajaj Finserv	6.60% to 6.85%
ICICI Bank	6.25% to 6.50%
Axis Bank	6.25% to 6.45%
HDFC Bank	6.25% to 6.50%
State Bank of India	6.25% to 6.40%
Bank of Baroda	6.25% to 6.30%

FD interest rates as of June 2026.

Bank Name	Tenure (7 days to 1 Year)
Suryoday Small Finance	4.00% - 7.25%
Slice Small Finance	3.50% - 6.25%
Shriram Finance	Up to 6.75%
Shivalik Small Finance	3.50% - 6.75%
Bajaj Finserv	Up to 6.60%
ICICI Bank	2.75% - 6.25%
Axis Bank	3.00% - 6.25%
HDFC Bank	2.75% - 5.75%
State Bank of India	3.05% - 6.25%
Bank of Baroda	3.50% - 6.25%

FD interest rates as of June 2026.

Fixed Deposit Calculator

An FD calculator enables you to make investment decisions based on your financialgoals. By using our FD calculator, you can decide on how much you need toinvest and for how long. You may also like to use this calculator to get anestimate of your returns when you have already decided on how much you want toinvest. Just select your investment amount, the expected interest rate, and thetenure. The calculator will give you a breakdown comprising the interest earnedand the total maturity amount.

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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Monthly

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Find the best interest rates and payout

7.25%

For tenure of 2Y 1D to 3Y

7.00%

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For tenure of Tax saver FD (5Y)

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Duration

2Y 0M 1D

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Maturity Amount Calculation

Here’s an example of a depositor who puts ₹5,00,000 in an FD for 5 years. The rate of interest the depositor gets is 6.5%.

Investment amount: ₹5,00,000
Deposit tenure: 5 years
Interest rate: 6.5% p.a.
Compounding: Annually (cumulative)

Here’s how the investment will grow after 5 years:

Investment amount: ₹5,00,000
Total interest earned: ₹1,85,530
Maturity value after 5 years: ₹6,85,530

Who Should Invest in FDs?

Due to their diversity and guaranteed returns, FDs suit most investor types. However, fixed deposits are most suitable for risk-averse investors who don't want to deal with the complexity of financial markets.

Risk-Averse Investors: FDs are ideal if you dislike market risks. Your principal amount stays safe regardless of market swings.
Retirement Planners: People looking for safe retirement savings products could benefit from the safety of FDs. You get a steady and guaranteed income stream and invest for the long term to get higher rates.
Short-Term Financial Planners: If you’re saving for a wedding, a vacation, or a major purchase, FDs provide a certain amount on a fixed date.
Portfolio Diversifiers: You can also use FDs to balance your riskier investments, like mutual funds. Fixed deposits provide stability to your overall investments.
Emergency Fund Builders: FDs are a secure place to park your "rainy day" fund. The money is easily accessible when you need it.
Traditional Savings Customers: If you’re not savvy about investing in stocks and other complex financial instruments, FDs could give you assured returns while keeping things simple for you. All you need to understand is the applicable interest rate and the tenure.

How FDs Support Your Financial Goals

Fixed deposits can work as useful tools for achieving your financial goals, especially if you are planning long-term investments. If you have a capital that you want to invest and achieve growth, FDs can help you achieve a guaranteed, steady growth. It could be putting your money in a product to generate a fund for future needs, like your child’s education, buying a house, or even adding to your retirement corpus.

How FDs Suit Different Risk Profiles of Investors

Fixed Deposits can become a safe addition to almost any investment plan. However, their value changes based on your comfort with risk.

Risk-Averse

Best fit

Fixed deposits are perfect for investors who don’t want to deal with any market-related risks. Investors of this profile value safety above all else. FDs ensure that their money is protected from market crashes and they get a fixed and steady return.

Moderate-Risk

Good fit

This category of investors can use FDs to balance their portfolio. Fixed deposits could work perfectly to provide a stable core for your wealth. Guaranteed returns offset the risks of their other investments, creating a helpful safety net.

High-Risk

Not ideal

FDs are not for you if you are a high-risk investor and like to dwell on the highs or markets while actively managing your portfolio. This investor category seeks much higher rewards over time. So, FDs are unlikely to meet your expectations.

Features and Benefits of FDs

Whether it’s the safety of guaranteed returns, flexibility of auto-sweep, or tax benefits, FDs can benefit different investors in different ways. Here's an overview of the key benefits of investing in fixed deposits.

Guaranteed Returns: Fixed Deposits provide you with secure, predictable, and guaranteed returns, which are unaffected and untouched by market fluctuations.
Flexibility in Tenure: The FD comes with a flexible tenure period starting from 7 days to 10 years, suiting your financial goals and repayment capacity.
Tax-Saving Fixed Deposit: Most of the FDs come up with certain lock-in periods and deductions up to Rs 1.5 lacs under Section 80C of the Income Tax Act.
Sweep-in / Sweep-out: A sweep-in / sweep-out feature automates your deposits. Your excess funds are automatically transferred from a savings account to an FD, and when your savings account balance falls below the set threshold, funds from the FD are transferred back.
Senior Citizen Benefits: An additional benefit is usually an increase of 0.5% to 0.75% on the standard interest rate given to senior citizens (usually above 60 years) who invest in an FD.
Loan Against Fixed Deposit: An FD is a reliable option to have in case of emergencies, in financial terms. It is quite simple to take a loan on a fixed deposit. You can borrow a loan of up to 90% to 95% of the amount of the fixed deposit, depending on the bank.
Credit Card Against FD: These are secured credit cards where your fixed deposit serves as collateral. Most banks offer a credit card against an FD where you can use 80-90% of your deposit value as a secure credit.

How to Open a Fixed Deposit

Booking an FD is a quick and hassle-free process. You just need an active account with the bank or NBFC where you want to open your deposit. You can choose an online or offline method as per your comfort and convenience, and instantly book an FD.

OPTION A

Online — Net banking / App

01
Sign in
Log in to your internet or mobile banking app.
02
Open Deposits
Head to the Deposits tab and choose a new Fixed Deposit.
03
Amount & tenure
Pick your investment amount and the tenure.
04
Payout frequency
Select how you want to receive interest payments.
05
Submit
Review the details, then confirm.
06
Get receipt
Download your digital FD receipt instantly.

OPTION B

Offline — Branch banking

01
Branch visit
Visit your nearest bank branch during working hours.
02
FD Form
Request an FD form, fill in the amount and tenure.
03
Authorize
Sign the form to authorize the transfer.
04
Submit
Hand it to the executive and wait for processing.
05
FD receipt
Collect your physical FD receipt from the counter.

KEEP THESE READY

Documents Required to Open an FD

Banks and NBFCs need certain documents to verify your identity and book your FD. If you are an existing customer, the process is faster.

01
Identity Proof
A PAN card is mandatory for all investors. You can also use your Aadhaar card or Passport.
02
Address Proof
Use documents like your Voter ID or Driving License. Recent utility bills are also commonly accepted.
03
Photographs
Keep two recent passport-size photographs ready.
04
Age Proof
This is vital for senior citizens to get higher rates. A birth certificate or school certificate is also valid proof.

Latest FD News

ICICI Changes FD Rates Effective June 05, 2026

June 05, 2026

ICICI Bank's rate revision on June 05 is offering a competitive 6.25% p.a. on 1-year tenures. ICICI Bank extends it for FDs ranging from one year to less than 18 months.

Jana, Utkarsh, Suryoday, and Unity FD Rates

May 06, 2026

Small Finance Banks (SFBs) like Jana, Utkarsh, Suryoday, and Unity offer attractive rates ranging from 7.5% to 8.5%, and in some cases, pushing past 9% on specific tenures.

RBI Keeps Repo Rate Unchanged in February MPC Meeting

May 06, 2026

RBI held the repo rate at 5.25% in its Monetary Policy Committee meeting. Senior citizens can get returns of 8.00% at small finance banks such as Jana and Utkarsh, while major lenders such as SBI and ICICI offer up to 7.10%.

Will HDFC Bank FD Returns Be Lower Now?

March 06, 2026

HDFC Bank recently revised its FD rates for deposits under ₹3 crore, offering returns between 5.75% for 9-month tenures and a peak of 6.50% for deposits around the 3-year mark. Long-term investors can earn up to 6.40% for 5-year tenures.

Frequently Asked Questions

Q. What are the current FD interest rates in 2026?

As of June 2026, FD interest rates in banks vary between 2.50% p.a. to 8.10% p.a. for the general depositors, which is offered by Shivalik Small Finance Bank. Senior citizens can earn even higher returns, ranging from 8.30% to 8.75% p.a. at selected SFBs and NBFCs. The public sector banks like SBI and Bank of Baroda currently offer FD rates between 6.25% to 6.60% p.a. on popular tenures, while leading private sector banks provide from 6.25% to 7.40% p.a.
Q. Which bank offers the highest FD interest rate in India?

Small finance banks offer the highest FD interest rates. Currently, Unity Small Finance Bank and Suryoday Small Finance Bank offer the highest FD rates, 7.25% p.a. and 8.10% p.a., respectively, for the general public. For senior citizens, the highest rates are 9.10% and 8.30%.
Q. Which bank gives 9.5% p.a. interest on FD?

No bank in India currently offers 9.5% p.a. interest rate on FD. The highest FD rate available is 9.35% p.a. for senior citizens, offered by Muthoot Capital (an NBFC). General-public depositors get up to 9.10% p.a.
Q. What is the FD rate today?

The highest public sector banks offer FD interest rates from 2.50% up to 6.70% p.a., and on the other hand, private sector banks offer from 3.00% up to 7.25% p.a.
Q. Is it allowed to withdraw my FD before maturity?

Yes, most fixed deposits (except tax-saving and specifically mentioned non-callable FDs) are allowed to be withdrawn before maturity. Withdrawals made early, however, usually incur some sort of penalty of 0.50% to 1.00% of the effective interest rate. This is because you'll receive less interest than the initial offer. Premature withdrawal is not allowed in any case for tax-saving FDs, which have a lock-in tenure of 5 years.
Q. Who can invest in an FD scheme in India?

Any Indian citizen (resident or non-resident) can invest in fixed deposits in India. Eligible are Indian residents (including the minors in their presence), Hindu Undivided Families (HUFs), sole proprietorships, partnership firms, private and public limited companies and trusts. NRIs can invest either through an NRE account, an NRO account, or an FCNR fixed deposit account.
Q. What are the best FD interest rates in India?

The best FD interest rates in India for the general public is 8.10% by SFBs. Private-sector banks like Bandhan and IDFC FIRST offer up to 7.25% to general citizens. The best FD rate for senior citizens are 8.30% p.a. at some SFBs and up to 9.35% p.a. by a few NBFCs.
Q. What do you mean by NRE fixed deposit?

An NRE fixed deposit is an FD booked through a Non-Resident External bank account. It's a rupee-denominated deposit account available only for NRIs for parking foreign income remitted to India. Both the principal and the interest earned are fully repatriable (meaning they can be transferred back abroad freely). The interest earned on an NRE FD is completely tax-free in India.

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˜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