Live Data
Highest FD Rate9.50%
RBI Repo Rate6.00%
SBI FD (1Y)6.80%
Best Senior Rate9.80%
Senior Citizen Boost+0.50%

Best Fixed Deposit Rates in India

Compare FD rates from 50+ banks. Senior citizen rates, tax-saving FDs, and corporate deposits — all in one place.

50+ banksRates daily
All FDsHighest RateSenior CitizenTax SavingShort TermCorporateSmall Finance
Senior Rate

Suryoday Small Finance Bank FD

Regular

N/A%—%N/ADetails →

Bajaj Finance Fixed Deposit

Corporate

N/A%—%N/ADetails →

Ujjivan Small Finance Bank FD

Regular

N/A%—%N/ADetails →

Shriram Finance Fixed Deposit

Corporate

N/A%—%N/ADetails →

Equitas Small Finance Bank FD

Regular

N/A%—%N/ADetails →

AU Small Finance Bank FD

Regular

N/A%—%N/ADetails →
This Week in Indian Money

What changed. What it means.

Updated weekly
  • Rate Change·22 Apr 2026

    Unity Small Finance Bank raises 2-year FD to 9.60%

    Highest rate in 2-year tenure right now. DICGC insured up to ₹5L. AAA-rated.

  • Policy·20 Apr 2026

    RBI repo rate held at 6.50% — next review 5 June

    FD rates unlikely to rise further. Lock long tenures now before anticipated cuts in H2 2026.

    Source: RBI MPC minutes

  • Offer·17 Apr 2026·Ends 30 Jun 2026

    SBI special 'Amrit Vrishti' 400-day FD at 7.25%

    Limited-period scheme ends 30 June. Senior citizens get 7.75%. Standalone tenure — not renewed automatically.

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FAQs

Which bank gives the highest FD rate in India?
Small finance banks like Unity SFB (8.25%) and NBFCs like Shriram Finance (8.35%) offer the highest rates. Among large banks, SBI offers up to 7.10%. Rates vary by tenure and deposit amount.
Is FD interest taxable in India?
Yes. FD interest is added to your taxable income and taxed at your slab rate. TDS of 10% is deducted if annual interest exceeds ₹40,000 (₹50,000 for senior citizens). Submit Form 15G/15H to avoid TDS if your total income is below taxable limit.
What happens if I break my FD early?
Most banks charge a penalty of 0.5-1% on the applicable rate. Some banks have no-penalty FDs. Always check premature withdrawal terms before investing.
Are corporate FDs safe?
Corporate FDs from AAA-rated companies are generally safe but not insured by DICGC (unlike bank FDs up to ₹5L). Always check credit rating before investing in corporate FDs.
What is the difference between cumulative and non-cumulative FDs?
Cumulative FDs pay interest at maturity (interest compounds). Non-cumulative FDs pay interest monthly/quarterly/annually. Cumulative gives higher effective returns due to compounding.
How does InvestingPro compare FD rates?
We track rates from 50+ banks and NBFCs daily. We compare regular rates, senior citizen rates, tenure options, and premature withdrawal penalties. No bank pays for higher placement.
RBI regulatory notice

Regulated by Reserve Bank of India.

Bank fixed deposits are regulated by the Reserve Bank of India and protected by DICGC insurance up to ₹5 lakh per depositor per bank. Corporate / NBFC fixed deposits do NOT carry DICGC cover and carry issuer credit risk — read the credit-rating disclosure carefully. Senior-citizen rates and tax-saver-FD eligibility apply per scheme T&C.

Risk note: Premature withdrawal of fixed deposits typically incurs a 0.5–1% penalty on the applicable interest rate. Plan tenure to match your liquidity needs.

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