Best Fixed Deposit Schemes of 2026 for the Indian Citizens

However, Best FD Rates in 2026

Due to the frequent changes in the FD interest rates offered by the banks and NBFCs, the rates are not always the same, so here are the latest rates offered by small banks and NBFCs:

Commercial Banks FD Rates

The fixed deposit rates for commercial banks are:

Note: The interest rates are updated as of January 2026

Small Finance Bank FD Interest Rates

Note: The interest rates are updated as of January 2026

Benefits and Features of FD Schemes

The above-mentioned FD interest rates are for different banks. We will now provide a brief description of these schemes.

1. DCB Bank Fixed Deposits:

   • The tenure ranges from seven days to 10 years.
   • The options for interest payment are flexible.
   • The minimum amount that can be deposited in this scheme is Rs. 10,000.
   • The feature allows taking a loan against the FD for up to 80% of the FD amount.
   • The scheme offers quarterly, half-yearly, and yearly, and quarterly interest payout for the non-cumulative option.

2. IDFC First Bank Fixed Deposits:

   • The tenure of this FD ranges from seven days to 10 years.
   • For senior citizens, this bank offers an additional 0.50% interest rate.
   • Simple interest for tenure that is up to 180 days.
   • The senior citizens are not charged any penalty in case of premature withdrawal or closure.
   • For a tenure of more than 180 days, the interest is compounded quarterly.

3. IndusInd Bank Fixed Deposits:

   • The investment tenure ranges from seven days to five years.
   • Partial withdrawals are allowed.
   • The senior citizens get 0.50% extra FD rates.
   • One can receive the interest on a monthly, quarterly, half-yearly, or yearly basis upon maturity.
   • The facility of nomination and the option of auto-renewal are offered.
   • The interest is paid by crediting the amount to the linked current or savings account.

4. RBL Bank Fixed Deposit:

   • The tenure of the fixed deposit ranges from seven days to 20 years.
   • The facility of nomination is offered.
   • Options of partial withdrawal and total premature withdrawal are provided.
   • The FD account is easily accessible through the internet and mobile banking.

5. Yes Bank Fixed Deposits:

   • The tenure of this policy ranges from seven days to ten years.
   • The facility of auto-renewal is offered.
   • The facility of overdraft is provided.
   • A sweep-in facility is offered.
   • There is no penalty for premature withdrawal of the fixed deposit.

6. Jana Small Finance Bank Fixed Deposits:

   • The tenure of fixed deposits ranges from seven days to 10 years.
   • The initial deposit amount to start the FD is Rs. 1,000.
   • The Jana Small Finance Bank provides the option to choose non-cumulative and cumulative options (on a quarterly, yearly, half-yearly, and monthly basis).
   • Easy application through a mobile banking app.

7. North East Small Finance Bank Fixed Deposits:

   • The tenure of these FDs ranges from seven days to ten years.
   • The facility of partial withdrawal is offered.
   • The minimum deposited amount is Rs. 1,000.
   • The option of reinvestment is provided.
   • The facility of auto-renewal is offered.

8. Suryodaya Small Finance Bank Fixed Deposits:

   • The tenure of the FDs of this bank ranges from seven days to 10 years.
   • Cumulative and non-cumulative options are provided.
   • Affordable FD amount that starts from Rs. 1,000.
   • Extra 0.25% rate of interest for fixed deposits for senior citizens is offered.
   • A simple rate of interest is paid for FDs maturing in less than six months.
   • If the FD is withdrawn in less than seven days from the opening date, then no interest is paid.
   • The interest is compounded quarterly for the deposits that are maturing in six months or more.

9. Utkarsh Small Finance Bank Fixed Deposits:

   • The tenure of the FDs of Utkarsh Small Finance Bank ranges from seven days to 10 years.
   • Minimum investment of Rs. 1,000.
   • The depositor can appoint his/her nominee online.
   • Hindu Undivided Families, Resident Indians, Partnership Firms, Sole Proprietorship, Trusts Accounts, and Limited Companies are eligible to open a Fixed Deposit account with this bank.

Conclusion

Fixed Deposits remain a cornerstone of Indian financial planning, offering guaranteed returns and capital protection through the DICGC insurance safety net. As of early 2026, while established commercial banks like IDFC First and IndusInd provide unmatched digital convenience and flexible liquidity, Small Finance Banks like Suryoday and Jana continue to lead the market with higher interest rates specifically designed to combat inflation. Whether you prioritise the long-term compounding of a 10-year tenure or the immediate accessibility of loan-against-FD facilities.