Which Bank Has the Highest FD Interest Rates?

Top 20 Banks Offering High FD Rates in India

The table below shows which bank provides the highest interest rate on FD, for amounts below ₹3 crore:

*Fixed deposit rates as of February 2026.

Top Public Sector Banks FD Rates 2026

The top public sector banks offering the highest FD rates for amounts below ₹3 crore are:

*Fixed deposit rates as of February 2026. 

Top Public Banks with their FD Rates

1. State Bank of India FD:

   SBI Fixed Deposits provide a secure way to grow savings with guaranteed returns. The State Bank of India FD rates are up to 7.05% for senior citizens, whereas general citizens receive 6.40% p.a. For tax savings, SBI’s 5-year FD offers up to 7.05% for seniors under Section 80C.

   Tenure	Regular Rates	Senior Citizen
   7 Days to 2 Months	3.05%	3.55%
   2 Months to 6 Months	4.90%	5.40%
   6 Months to 7 Months	5.65%	6.15%
   7 Months to 12 Months	5.90%	6.40%
   1.2 Years	6.45%	6.96%
   1 Year to 2 Years	6.25%	6.75%
   2 Years to 3 Years	6.40%	6.90%
   3 Years to 5 Years	6.30%	6.80%
   5 Years to 10 Years	6.05%	7.05%

   *SBI FD interest rates w.e.f December 15, 2025.

2. Punjab National Bank FD:

   Palaash Green, Pranaam, and Uttam are the top PNB FD schemes and PNB FD rates for general citizens reaching up to 6.40%, and senior citizens can earn up to 7.20% p.a. These government-backed options are available to individuals, minors, and joint holders, providing a secure, low-risk growth path for all savings.

   Tenure	Regular Rates	Senior Citizen
   7 Days to 14 Days	3.00%	3.50%
   15 Days to 2 Months	3.00%	3.50%
   2 Months to 3 Months	4.50%	5.00%
   3 Months to 5 Months	4.90%	5.40%
   5 Months	5.55%	6.05%
   5 Months to 6 Months	4.90%	5.40%
   6 Months to 9 Months	5.60%	6.10%
   9 Months to 10 Months	5.60%	6.10%
   10 Months	5.55%	6.05%
   10 Months to 12 Months	5.60%	6.10%
   1 Year	6.10%	6.60%
   1 Year to 1.1 Years	6.30%	6.80%
   1.1 Years	6.40%	6.90%
   1.1 Years to 2 Years	6.30%	6.80%
   2 Years to 3 Years	6.30%	6.80%
   3 Years to 3.3 Years	6.10%	6.60%
   3.3 Years	6.05%	6.55%
   5 Years	6.10%	6.60%
   3.3 Years to 5 Years	6.10%	6.60%
   5 Years to 5.2 Years	6.00%	6.50%
   5.2 Years	6.00%	6.50%
   5 Years to 10 Years	6.00%	6.80%
   5.2 Years to 10 Years	6.00%	6.50%

   PNB FD rates w.e.f. January 01, 2026

Latest FD Interest Rates By Top Private Sector Banks 2026

The top private sector banks offering the highest FD rates for amounts below ₹3 crore are:

*Fixed deposit rates as of February 2026 

Top Private Banks with their FD Rates

1. YES Bank FD: 

   Yes Bank fixed deposits interest rates range from 3.25% to 7.00% for the general public and up to 7.75% for senior citizens. By booking an FD online through digital platforms like the IRIS app, you can also earn YES Rewardz points. These FDs provide a secure investment with flexible tenures from 7 days to 10 years.

   Tenure	Regular Rates	Senior Citizen
   7 Days to 14 Days	3.25%	3.75%
   15 Days to 2 Months	3.50%	4.00%
   2 Months to 3 Months	4.50%	5.00%
   3 Months to 4 Months	4.75%	5.25%
   4 Months to 6 Months	4.75%	5.25%
   6 Months to 9 Months	6.00%	6.50%
   9 Months to 11 Months	6.25%	6.75%
   11 Months to 12 Months	6.50%	7.00%
   1 Year	6.65%	7.15%
   1 Year to 1.5 Years	6.75%	7.25%
   1.5 Years	6.75%	7.25%
   1.5 Years to 2 Years	7.00%	7.50%
   2 Years to 3 Years	7.00%	7.50%
   3 Years to 5 Years	7.75%	7.00%
   5 Years	7.50%	6.75%
   5 Years to 10 Years	7.50%	6.75%

   Yes Bank FD interest rates w.e.f. January 10, 2026

2. Axis Bank FD:

   With the best Axis Bank FD rates, they offer a blend of safety up to 6.45% for the general public and 7.20% p.a. for senior citizens. The most attractive rates are typically found in tenures ranging from 15 months to 2 years. 

   Tenure	Regular Rates	Senior Citizen
   7 Days to 14 Days	3.00%	3.50%
   15 Days to 29 Days	3.00%	3.50%
   1 Month to 2 Months	3.25%	3.75%
   2 Months to 2 Months	4.00%	4.50%
   2 Months to 3 Months	4.00%	4.50%
   3 Months to 4 Months	4.50%	5.00%
   4 Months to 4 Months	4.50%	5.00%
   4 Months to 6 Months	4.50%	5.00%
   6 Months to 9 Months	5.50%	6.00%
   9 Months to 12 Months	5.75%	6.25%
   1 Year to 1 Year	6.25%	6.75%
   1 Year to 1.1 Years	6.25%	6.75%
   1.1 Years to 1.2 Years	6.25%	6.75%
   1.3 Years to 1.5 Years	6.45%	6.95%
   1.5 Years to 2 Years	6.45%	6.95%
   2 Years to 3 Years	6.45%	6.95%
   3 Years to 5 Years	6.45%	6.95%
   5 Years to 10 Years	6.45%	7.20%

   *Axis Bank FD interest rates w.e.f 17th January 2026

Post Office FD Interest Rates

The best post office FD interest rates are:

*Post office Fd rates w.e.f 01.01.2026 to 31.03.2026

FD Interest Rates for Non-Banking Financial Companies (NBFCs)

The current FD interest rates by Non-Banking Financial Companies (NBFCs) are: 

*Fixed deposit rates as of February 2026 

Top NBFCs with their FD Rates

1. Muthoot Capital Services Limited FD:

   Muthoot Capital Fixed Deposits interest rates are reaching up to 9.10% for general citizens and 9.35% for senior citizens. You can choose between Cumulative or Non-Cumulative plans. Additionally, you can access liquidity without closing your FD by taking a loan of up to 75% of your deposit value at a rate of 2%.

   Tenure	General Citizens (% p.a.)	Senior Citizens (% p.a.)
   12 Months	7.90	8.15
   24 Months	8.70	8.95
   36 Months	9.10	9.35
   48 Months	8.90	9.15
   48 Months	8.90	9.15

   Muthoot Capital FD interest rates as of November 2025

2. Shriram Finance FD: 

   Shriram Finance FD interest rates are up to 7.60% for the general public and 8.10% for senior citizens. It holds "[ICRA] AA+ (Stable)" and "IND AA+/Stable" ratings, ensuring a high degree of safety. With flexible tenures from 12 to 60 months and additional benefits for women and existing customers.

   Tenure	General Citizens (% p.a.)	Senior Citizens (% p.a.)
   12	7.00	7.50
   15 (Digital only)	7.25	7.75
   18 - 23	7.15	7.65
   24 - 35	7.25	7.75
   36 - 60	7.60	8.10

   *Shriram Finance FD interest rates w.e.f 5th August 2025.

FD Interest Rates for Leading Foreign Banks

The list of foreign banks offering the best FD rates in India on deposits generally up to ₹3 crore is:

Why Invest in Fixed Deposits (FDs)? 

A fixed deposit is a safe and dependable savings option with several key features:

• Safe investment option: Your principal amount is locked in a bank or NBFC, and returns are predetermined, offering security of funds.
• Extra interest rates for senior citizens: Many institutions provide higher interest rates for senior citizens, helping them earn more.
• Guaranteed returns: Unlike market-linked investments, FD returns are fixed and assured at the time of deposit.
• Preserving savings and growing them: FDs help safeguard your savings while earning interest, balancing safety and growth.
• Flexible tenure: You can choose the duration, from short-term to long-term, based on your financial goals.
• Higher interest rates: Specifically, in small finance banks and NBFCs, you often find the highest interest rate on FD for general and senior citizens.

How to Open a Fixed Deposit Account?

An FD account can be opened in either a traditional way or digitally.

Online Process

Step 1: Go to the respective bank’s official website or download its application.

Step 2: Log in using your login credentials.

Step 3: Look for Fixed Deposit and click on ‘Open an FD’.

Step 4: Submit your personal details, along with the details about the type of FD, amount, tenure, and interest payout.

Step 5: Upload the KYC documents.

Step 6: Review the entered details.

Step 7: Deposit the amount via net banking, UPI, etc.

Step 8: Once your profile is verified, the FD account will be opened.

Offline Process:

Step 1: Go to the nearest branch of the bank of your choice.

Step 2: Obtain and fill out the FD form.

Step 3: Submit the form along with the appropriate KYC documents.

Step 4: Deposit the amount via cheque, DD, cash, etc.

Step 5: Once your profile is verified, the FD account will be opened.

Eligibility to Open a Fixed Deposit Account 

To open a Fixed Deposit (FD) account, the following categories are eligible:

• Resident Individuals
• Hindu Undivided Families (HUFs)
• Sole Proprietorship Firms
• Partnership Firms
• Limited Companies
• Trust Accounts
• Other eligible entities as per bank policies

Documents Required to Open Fixed Deposits

The general documents required to open an FD account include:

• Aadhaar Card
• PAN Card
• Driver’s License
• Passport
• Recent coloured passport-sized photographs
• KYC (Know Your Customer) verification documents as mandated by the bank

Conclusion

As the comparisons above show, small finance banks and NBFCs offer higher FD rates than larger public and private sector banks. FDs ensure maximum returns when invested at the earliest. Now that you are aware of the current FD rates of all the banks, consider the stability of the bank and the tenure that pays the highest interest rate, and lock in your FDs at competitive rates right now. For those looking to save on taxes, 5-year Tax Saver FDs offer a dual benefit of guaranteed returns and deductions up to ₹1.5 lakh under Section 80C.