Live Data
Highest FD Rate9.50%
RBI Repo Rate5.25%
SBI FD (1Y)6.80%
Best Senior Rate9.80%
Senior Citizen Boost+0.50%

Best Fixed Deposit Rates in India · July 2026

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

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All FDsHighest RateSenior CitizenTax SavingShort TermCorporateSmall Finance

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Every bank + NBFC. Filter by rate, tenure, senior-citizen bonus, DICGC coverage. Auto-renewal flagged.

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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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Before you deposit

Decision guides — DICGC, TDS, real returns + senior income

Safety

DICGC ₹5L cover — the 6-ownership-category ladder

₹30L of cover at one bank via 6 categories. PMC + LVB + Yes Bank case studies + 90-day payout rule.

Read guide →

Tax

TDS Section 194A + Form 121 (2026-27)

₹40K/₹50K threshold mechanics, Form 15G/15H merger into Form 121, 4 legal minimization strategies.

Read guide →

Honest math

Real return on FD — after-tax + after-CPI

Why 7% nominal becomes -0.6% real for 30%-bracket investors. 5 inflation-beating alternatives.

Read guide →

Rate boost

Small Finance Bank FD — same DICGC, 1-2% higher rate

AU, Unity, Suryoday at 8-9% vs PSU 6.5-7%. Identical DICGC + 3-question due diligence.

Read guide →

Retiree

Retiree income ladder — SCSS + senior FD + RBI FRSB + POMIS

Optimal 4-instrument mix for ₹50L corpus → ₹35-40K monthly income tax-efficient.

Read guide →

Caution

Corporate FD risk — when CRISIL AAA isn't enough

DHFL collapse case + 4 red flags + risk-adjusted return math (rate premium vs DICGC gap).

Read guide →

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 FD rates from Indian 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.

InvestingPro is an independent comparison and education platform. We are NOT a SEBI-registered investment advisor, IRDAI-licensed insurance broker, or RBI-licensed lending intermediary. We may earn affiliate commission when you click through to a partner — see how we make money. For personalised advice consult a registered advisor.

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