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FD Interest Rates
Fixed deposit (FD) interest rates currently range from 2.75% to 7.45% p.a. for general citizens and up to 7.95% p.a. for senior citizens. SFBs and NBFCs offer up to 8.25% and 9.35%, respectively.
Fixed Deposit
Offered by Banks
4.6%*
After tax-
Guaranteed returns -
Includes Life Cover -
Completely Tax Free+
Guaranteed Plans
Offered by Insurance companies
7.4%*
Tax free- Guaranteed returns
- Includes Life Cover
- Completely Tax Free+
Savings Account
Offered by Post office
4.0%*
- Guaranteed returns
- Includes Life Cover
- Completely Tax Free+
- Home
- FD Interest Rates
Written By: Sameep Singh
Sameep Singh Business Unit Head - Domestic Savings
Mr. Sameep Singh is a Business Unit Head for the domestic Investment Business at policybazaar.com, holding a master's from Symbiosis School of Banking & Finance. He has played a pivotal role in crafting investment and term business strategies during his tenure at Policybazaar. His exceptional leadership has been instrumental in driving both product and business growth throughout his impressive career.
Reviewed By: Vivek Jain
Vivek Jain Chief Business Officer – Life Insurance, Policybazaar
Mr. Vivek Jain, Chief Business Officer – Life Insurance at Policybazaar, is a seasoned business leader with over a decade of experience across strategy, customer experience, and digital transformation in financial services. An alumnus of IIM Calcutta, he leads Policybazaar's life insurance business with a focus on helping Indian families build financial resilience through protection, long-term savings, and wealth creation. A strong advocate of goal-based financial planning and disciplined investing, his expertise spans ULIPs, guaranteed savings and child plans, retirement planning, NRI investments, and tax-efficient wealth creation. His perspectives have featured in The Economic Times, Mint, Financial Express, Zee Business, Gulf News, and Rediff.
Top FD Rates by Bank Category (October 2026)
The top FD interest rates offered by banks range from 6.45% p.a. to 7.45% p.a. for general citizens; an additional 0.25% to 0.75% interest is given to senior citizens. Premium rates are available through Small Finance Banks (SFBs) and NBFCs, offering up to 9.35% p.a. for senior citizens. Banks also offer FD interest rates for NRIs, available through specialised NRO, NRE, and FCNR accounts.
- Non-Banking Financial Companies (NBFCs): The highest interest rates range from 6.00% to 9.10% p.a. for general citizens and up to 9.35% p.a. for senior citizens.
- Small Finance Banks (SFBs): Offer the highest rates, ranging from 8.00% to 8.25% p.a. for regular depositors.
- Private Sector Banks: Standard yields range between 6.00% and 7.45% p.a., led by institutions like Bandhan Bank and YES Bank.
- Public Sector Banks: Provide safe-haven returns ranging from 5.00% to 6.85% p.a. across major lenders like Punjab and Sind Bank and Bank of Baroda.
- Senior Citizen Rates: Older depositors receive an additional premium of 0.25% to 0.75% p.a. across almost all tenures.
Highest FD Rates Offered By NBFCs
The highest FD rates are up to 9.10% p.a. for general depositors and up to 9.35% p.a. for senior citizens, offered by Muthoot Capital (NBFC) on a 36-month tenure (last verified in October 2026):
| NBFC Name | General Citizens Highest Rate (p.a.) | Senior Citizens Highest Rate (p.a.) | Last Revised Month |
|---|---|---|---|
| Muthoot Capital FD rates | 9.10% (Highest) | 9.35% (Highest) | October 2026 |
| Shriram Finance FD rates | 7.85% | 8.35% | October 2026 |
| Bajaj Finance FD rates | 7.75% | 8.15% | October 2026 |
| Sundaram Finance FD rates | 7.50% | 8.00% | October 2026 |
| Mahindra Finance FD rates | 7.45% | 7.80% | May 2026 |
| PNB Housing Finance FD | 7.40% | 7.65% | October 2026 |
| LIC Housing Finance FD rates | 7.35% | 7.60% | September 2026 |
Highest FD Rates Offered By SFBs
Suryoday Small Finance Bank offers the highest rates up to 8.25% p.a. for regular depositors and up to 8.50% p.a. for senior citizens on a 5-year tenure (last verified in October):
| SFB Name | General Citizens Highest Rate (p.a.) | Senior Citizens Highest Rate (p.a.) | Last Revised Month |
|---|---|---|---|
| Suryoday Small Finance Bank FD Rates | 8.25% (Highest) | 8.50% (Highest) | October 2026 |
| Utkarsh Small Finance Bank FD Rates | 8.10% | 8.25% | May 2026 |
| Shivalik Small Finance Bank FD Rates | 8.00% | 8.50% | September 2026 |
| Jana Small Finance Bank FD Rates | 8.00% | 8.30% | October 2026 |
| Equitas Small Finance Bank FD Rates | 8.00% | 8.50% | June 2026 |
| AU Small Finance Bank FD Rates | 7.40% | 7.90% | June 2026 |
| Ujjivan Small Finance Bank FD Rates | 8.10% | 8.60% | October 2026 |
| Slice Small Finance Bank FD Rates | 7.75% | 7.75% | October 2026 |
| Capital Small Finance Bank FD rates | 7.25% | 7.75% | Revised rate as of June 2026 |
Highest FD Rates Offered By Private Sector Banks
DCB Bank offers the highest fixed deposit interest rate of 7.50% p.a. for general citizens and 8.00% p.a. for senior citizens for tenures of 60 months to 61 months, effective as of October 2026 (last verified in October 2026):
| Bank Name | General Citizens Highest Rate (p.a.) | Senior Citizens Highest Rate (p.a.) | Last Revised Month |
|---|---|---|---|
| DCB Bank FD Rates | 7.50% (Highest) | 8.00% (Highest) | October 2026 |
| Bandhan Bank FD Rates | 7.45% | 7.95% | June 2026 |
| City Union Bank FD Rates | 7.30% | 7.50% | October 2026 |
| YES Bank FD Rates | 7.25% | 7.75% | June 2026 |
| Karur Vysya Bank FD Rates | 7.20% | 7.70% | April 2026 |
| IDFC FIRST Bank FD Rates | 7.10% | 7.35% | September 2026 |
| Karnataka Bank FD Rates | 7.00% | 7.40% | June 2026 |
| Axis Bank FD Rates | 6.50% | 7.25% | October 2026 |
| HDFC Bank FD Rates | 6.50% | 7.10% | August 2026 |
| ICICI Bank FD Rates | 6.60% | 7.20% | October 2026 |
| IDBI Bank FD Rates | 6.50% | 7.00% | Revised rate as of August 2026 |
Highest FD Rates Offered By Public Sector Banks
Punjab & Sind Bank offers the highest FD rates on 666 days (Callable) up to 6.85% p.a. for general citizens and up to 7.35% p.a. for senior citizens amongst other public sector banks, effective as of October 2026 (last verified in October):
| Bank Name | General Citizens Highest Rate (p.a.) | Senior Citizens Highest Rate (p.a.) | Last Revised Month |
|---|---|---|---|
| Punjab & Sind Bank FD Rates | 6.85% (Highest) | 7.35% (Highest) | October 2026 |
| Indian Bank FD Rates | 6.80% | 7.30% | October 2026 |
| Bank of Baroda FD Rates | 6.75% | 7.25% | June 2026 |
| Canara Bank FD Rates | 6.70% | 7.45% | March 2026 |
| Bank of India FD Rates | 6.70% | 7.20% | May 2026 |
| Indian Overseas Bank FD Rates | 6.60% | 7.10% | May 2026 |
| UCO Bank FD Rates | 6.60% | 7.10% | May 2026 |
| Punjab National Bank FD Rates | 6.60% | 7.10% | May 2026 |
| Union Bank of India FD Rates | 6.55% | 6.80% | August 2026 |
| State Bank of India FD Rates | 6.45% | 7.05% | December 2025 |
| Bank of Maharashtra FD Rates | 6.40% | 6.90% | September 2026 |
Highest FD Rates Available to Senior Citizens
The highest senior citizens FD rates is offered by the Muthoot Capital, which goes up to 9.35% p.a. (last verified in October 2026). The following table shows the highest rates offered by banks, SFBs, and NBFCs:
| Bank Name | Senior Citizens Rates (p.a.) | Last Revised Month |
|---|---|---|
| Muthoot Capital Senior Citizens FD Rates | 9.35% | October 2026 |
| Suryoday Small Finance Bank Senior Citizens FD Rates | 8.50% | October 2026 |
| Shriram Finance Senior Citizens FD Rates | 8.35% | October 2026 |
| DCB Bank Senior Citizens FD Rates | 8.00% | October 2026 |
| Bandhan Bank Senior Citizens FD Rates | 7.95% | June 2026 |
| YES Bank Senior Citizens FD Rates | 7.75% | June 2026 |
| RBL Bank Senior Citizens FD Rates | 7.50% | October 2026 |
| Bank of India Senior Citizens FD Rates | 7.45% | June 2026 |
| Punjab and Sind Bank Senior Citizen FD Rates | 7.40% | October 2026 |
| Indian Bank Senior Citizens FD Rates | 7.30% | October 2026 |
| Bank of Baroda Senior Citizens FD Rates | 7.25% | June 2026 |
Top 10 Banks & NBFCs Providing Highest FD Rates
Among the banks, SFBs and NBFCs, the highest FD rate is provided by Muthoot Capital Services which is up to 9.10% p.a. for general depositors and up to 9.35% p.a. for senior citizens on a 36-month tenure.
| Financial Institution Name | Highest FD Rate (p.a.) | Category |
|---|---|---|
| Muthoot Capital Services | 9.35% | Non - Banking Financial Company |
| Ujjivan Small Finance Bank | 8.60% | Small Finance Bank |
| Suryoday Small Finance Bank | 8.50% | Small Finance Bank |
| Shriram Finance Limited | 8.35% | Non - Banking Financial Company |
| DCB Bank | 8.00% | Private Sector Bank |
| Bandhan Bank | 7.95% | Private Sector Bank |
| YES Bank | 7.75% | Private Sector Bank |
| Karur Vysya Bank | 7.50% | Private Sector Bank |
| RBL Bank | 7.50% | Private Sector Bank |
| Punjab & Sind Bank FD Rates | 7.40% | Public Sector Bank |
FD Interest Rates from Leading Foreign Banks
The following table shows the fixed deposit interest rates of leading foreign banks (last verified in October 2026):
| Bank FD | Interest Rates (p.a.) | |||
|---|---|---|---|---|
| Highest rate slab | 1-year rate | 3-year rate | 5-year rate | |
| Deutsche Bank FD Rates | 7.00%
(1 year 1 day) |
7.00% | 6.25% | 6.25% |
| HSBC Bank FD Rates | 5.50%
(601 days - 699 days) |
4.00% | 5.35% | 5.50% |
| Standard Chartered Bank FD Rates | 7.10%
(1year – 376 days) |
7.00% | 6.50% | 6.25% |
Highest FD Rates for Deposits Above ₹3 Crore (Bulk Deposits)
Top 10 public and private sector banks with the highest rates above ₹3 crore (last verified in October 2026):
| Bank FD | General Citizens Highest Rate (p.a.) | Senior Citizens Highest Rate (p.a.) |
|---|---|---|
| RBL Bank FD Rates | 7.00% | - |
| Punjab & Sind Bank FD Rates | 6.50% | - |
| Bank of India FD Interest Rates | 6.50% | - |
| YES Bank FD Rates | 7.25% | 7.75% |
| HDFC Bank FD interest rates | 6.40% | 6.90% |
| IDFC FIRST Bank FD Rates | 7.25% | 7.25% |
| ICICI Bank FD interest rates | 6.80% | 6.80% |
| Punjab National Bank FD Rates | 6.20% | - |
| Bank of Baroda FD interest rates | 6.25% | - |
| Kotak Mahindra Bank FD rates | 6.65% | 6.65% |
Interest Rates on Tax-Saving FDs
Tax-saving FD rates in India by banks and SFBs generally range from 5.00% up to 8.25% p.a. for general citizens on a 5-year tenure. Deposits up to ₹1.5 lakhs qualify for deductions under the old tax regime, Section 123 (formerly Section 80C).
Tax-saver FDs have a mandatory 5-year lock-in period, with no premature withdrawals or loan options against the FD. Below are the best tax-saving FD rates of the public and private sector banks (last verified in October 2026):
Fixed Deposit Interest Calculator
An FD interest return calculator is a useful tool for planning your FD investments. If you want to know how much your principal amount would grow or which tenure suits you best, use an FD calculator to make a more informed investment decision. All you need to do is enter the amount you want to invest, the applicable interest rate, and the investment tenure.
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7.25%
For tenure of 2Y 1D to 3Y
7.00%
Highest
For tenure of 3Y 1D to 5Y
7.00%
For tenure of Tax saver FD (5Y)
Custom interest rate
%
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Money you’ll receive on Maturity
₹0
Total investment
₹0
Total interest
₹0
Effective yield
0%
Interest rate:
0% per annum
Effective yield
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Maturity amount
₹0
Total interest
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Duration
2Y 0M 1D
Maturity date
18 Nov, 2027
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FD Rates Comparison in India
Fixed deposit (FD) interest rates in India currently range from
Read more˜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 Insurance Brokers Private Limited 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