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FD Interest Rates
Fixed deposit interest rates range from 3.00% to 8.10% p.a. for the general public and 8.60% for senior citizens.
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+
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- FD Interest Rates
What are FD Interest Rates?
FD interest rates are the rates of return that banks offer to depositors on their fixed deposits. Large public and private sector banks offer FD rates from 6.45% p.a. to 7.10% p.a. for general citizens; an additional 0.25% to 0.75% interest is given to senior citizens. Small finance banks and NBFCs offer the highest FD interest rates. Banks also offer FD interest rates for NRIs, available through specialised NRO, NRE, and FCNR deposit accounts.
Highest FD Rates Offered by Banks (Deposits Below ₹3 Cr.)
Fixed deposit interest rates vary across banks and tenures. Below are the top 20 banks offering the best FD rates (last verified in August 2026):
| Bank FD | Highest Rate (p.a.) | 1-Year Rate (p.a.) | 3-Year Rate (p.a.) | 5-Year Rate (p.a.) |
| Suryoday Small Finance Bank FD Rates | 8.25% (5 years) |
7.25% | 7.25% | 7.90% |
| Jana Small Finance Bank FD Rates | 8.00% (>2 Years - 3) |
7.00% | 8.00% | 7.77% |
| ESAF Small Finance Bank FD Rates | 8.00% (800 days) |
6.00% | 7.75% | 6.00% |
| Utkarsh Small Finance Bank FD Rates | 8.10% (666 Days) |
6.00% | 7.50% | 7.00% |
| Ujjivan Small Finance Bank FD Rates | 7.80% (2 Years) |
7.25% | 7.25% | 7.20% |
| Shivalik Small Finance Bank FD Rates | 8.00% (23 months - 27 months) |
6.00% | 7.50% | 6.25% |
| Equitas Small Finance Bank FD Rates | 8.00% (3 years 1 day) |
6.00% | 7.50% | 6.25% |
| Bandhan Bank FD Rates | 7.45% (2 years - 3 years) |
7.00% | 7.25% | 5.85% |
| DCB Bank FD Rates | 7.50% (34 months - 35 months) |
6.90% | 7.00% | 7.50% |
| RBL Bank FD Rates | 7.20% (18 months to 36 months) |
7.00% | 7.20% | 6.70% |
| Capital Small Finance Bank FD Rates | 7.25% (600 days - 900 days) |
7.15% | 7.00% | 7.00% |
| AU Small Finance Bank FD Rates | 7.40% (30 Months - 36 Months) |
6.35% | 7.40% | 6.75% |
| Central Bank of India FD Rates | 6.25% (2 years to 3 years) |
6.10% | 6.00% | 6.00% |
| YES Bank FD Rates | 7.25% (18 months 1 to 24 months) |
6.65% | 7.00% | 6.75% |
| IndusInd Bank FD Rates | 7.00% (2 Years to 3 Years) |
6.75% | 7.00% | 6.65% |
| Unity Small Finance Bank FD Rates | 8.00% (501 Days) |
7.50% | 6.75% | 6.75% |
| Federal Bank FD Rates | 6.70% (48 months ) |
6.25% | 6.40% | 6.40% |
| Bank of India FD Rates | 6.70% (3 Years) |
6.50% | 6.70% | 6.00% |
*Fixed deposit interest rates as of August 2026
Suryoday Small Finance Bank (SFB) provides 8.25% p.a. on it’s 5 years tenure for general citizens and 8.50% p.a. for senior citizens for deposits below ₹3 crore.
Top Public Sector Banks FD Rates (Below ₹3 Cr.)
Here are the best fixed deposit interest rates offered by India’s top public sector banks (last verified in August 2026):
| Bank FD | General Citizens Highest Rate (p.a.) | Senior Citizens Highest Rate (p.a.) |
| Bank of Baroda FD Rates | 6.75% | 7.25% |
| Bank of India FD Rates | 6.70% | 7.20% |
| Bank of Maharashtra FD Rates | 6.40% | 6.90% |
| Canara Bank FD Rates | 6.60% | 7.10% |
| Indian Bank FD Rates | 6.75% | 7.25% |
| Indian Overseas Bank FD Rates | 6.60% | 7.10% |
| Punjab & Sind Bank FD Rates | 6.85% (Highest) | 7.35% |
| Punjab National Bank FD Rates | 6.50% | 7.00% |
| State Bank of India FD Rates | 6.45% | 7.05% |
| UCO Bank FD Rates | 6.60% | 7.10% |
| Union Bank of India FD Rates | 6.55% | 7.05% |
*Fixed deposit rates as of August 2026
Amongst the other public sector banks, Punjab & Sind Bank FD rates are the highest, which are up to 6.85% p.a. for the general public and 7.35% p.a. for senior citizens on the tenure of 666 Days (Callable) for deposits below ₹3 crore.
Top Private Sector Banks FD Rates (Below ₹3 Cr.)
Below are the highest FD rates from India’s top private sector banks, categorised by general depositors and senior citizens (last verified in August 2026):
| Bank FD | General Citizens Highest Rate (p.a.) | Senior Citizens Highest Rate (p.a.) |
| Axis Bank FD Rates | 6.50% | 7.25% |
| City Union Bank FD Rates | 7.25% | 7.50% |
| CSB Bank FD Rates | 7.10% | 7.35% |
| Bandhan Bank FD Rates | 7.45%(Highest) | 7.95% |
| Dhanlaxmi Bank FD Rates | 7.25% | 7.75% |
| HDFC Bank FD Rates | 6.50% | 7.00% |
| ICICI Bank FD Rates | 6.50% | 7.10% |
| IDBI Bank FD Rates | 6.50% | 7.00% |
| IDFC FIRST Bank FD Rates | 7.25% | 7.50% |
| Jammu & Kashmir Bank FD Rates | 7.05% | 7.55% |
| Karnataka Bank FD Rates | 7.00% | 7.40% |
| Karur Vysya Bank FD Rates | 7.20% | 7.70% |
| Kotak Mahindra Bank FD Rates | 6.80% | 7.30% |
| Nainital Bank FD Rates | 6.60% | 7.10% |
| South Indian Bank FD Rates | 6.80% | 7.30% |
| Tamilnad Mercantile Bank FD Rates | 7.25% | 7.50% |
| Yes Bank FD Rates | 7.25% | 7.75% |
*Fixed deposit rates as of August 2026
Currently among private banks, the highest fixed deposit interest rate, 7.45% p.a., is offered by Bandhan Bank for a tenure of 2 years to less than 3 years.
How Are FD Interest Rates Decided?
Commercial banks have set the fixed deposit interest rates based on the RBI’s repo rate, their interest rates, deposit tenure, and additional senior citizen rates. Private and small finance banks offer a higher rate than public sector banks to attract retail deposits.
- Repo Rate: RBI policy changes directly shift the baseline cost of borrowing and lending across all banks.
- Liquidity Demands: Banks hike rates when they need quick capital to fund growing loan books and lower them when surplus cash builds up.
- Deposit Slabs: Tenure lengths, bulk deposit sizes, and senior citizen markups (typically 0.25%–0.75% higher) create distinct interest Tiers.
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 August 2026):
| Bank FD | General Citizens Highest Rate (p.a.) | Senior Citizens Highest Rate (p.a.) |
| RBL Bank FD Rates | 6.40% | 6.90% |
| Punjab & Sind Bank FD Rates | 6.90% | - |
| 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 | 7.00% | 7.50% |
| ICICI Bank FD interest rates | 6.50% | 7.10% |
| Punjab National Bank FD Rates | 6.60% | - |
| Bank of Baroda FD interest rates | 6.25% | - |
| Kotak Mahindra Bank FD rates | 6.80% | 6.80% |
Top 10 banks with the highest rates on FD as per August, 2026*
Interest Rates on Tax-Saving FDs
Tax-saving FD rates in India generally range from 5.00% up to 8.00% p.a. for general citizens on a 5-year tenure. Deposits up to ₹1.5 lakhs qualify for the deductions under the old tax regime, Section 123 (formerly Section 80C).
The tax-saver FDs have a mandatory 5-year lock-in period with no premature withdrawals or loans against FD options available. Below are the best tax-saving FD rates of the public and private sector banks (last verified in August):
*Tax Saving FD rates as of August 2026
FD Interest Rates from Leading Foreign Banks
The following table shows the different fixed deposit interest rates of leading foreign banks (last verified in August 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) |
5.00% | 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 | 6.60% (1yr – 376 days) |
6.60% | 6.50% | 6.25% |
*Fixed deposit rates as of August 2026
FD Interest Rate Calculator
Finding the best FD interest rate for growing your money is one part of the equation. The other equally important part is booking your deposit as per your financial goals. An FD interest return calculator is useful in this situation. If you want to know how much your principal amount would grow or what tenure suits you best, use an FD calculator to make your investment decision smarter. 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%
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For tenure of 3Y 1D to 5Y
7.00%
For tenure of Tax saver FD (5Y)
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Senior Citizens Fixed Deposit
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. Senior citizen FD rates are higher than those offered to regular depositors. The additional interest is usually in the range of 0.25% to 0.75% per annum depending on the bank, duration and schemes applicable.
FD Interest Rates for Non-Resident Indians (NRIs)
1
NRE FD Interest Rates:
Available through Non-Resident External accounts, NRE FD rates are for NRIs and PIOs who want to invest their foreign earnings in India. The deposit is in Indian Rupees and is funded by money generated outside India.
2
NRO FD Rates:
Non-resident ordinary account-based rates, known as NRO FD interest rates, are suitable for NRIs & PIOs who desire to deposit income generated in India, like rent, pension, dividends or any other domestic revenue. The deposit is held in Indian rupees.
3
FCNR FD Rates:
Foreign Currency Non-Resident FD rates, or FCNR FD rates, are for NRIs and PIOs, who can invest their international earnings in specified foreign currency. It returns a yield on the deposit and cut exchange-rate risk.
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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 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