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Best FD Interest Rates in India 2026

Compare Fixed Deposit rates from 25+ banks and NBFCs. Find the highest rate for your tenure. Updated for 2026.

Updated: March 2026

Our Top Picks

Best Senior Rate
#1 Pick
India Post Office
7.5% p.a.

India Post offers the best senior citizen FD experience with 7.50% for 5-year tenure and sovereign guarantee. No DICGC limit applies — your entire deposit is government-backed. Ideal for retirees.

  • Senior citizen rate: 7.5%
  • Min deposit: ₹1,000
  • Compounding: Quarterly
  • RBI regulated NBFC
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Most Trusted
#2 Pick
State Bank of India
7% p.a.

India’s most trusted bank with the largest branch network. SBI’s Amrit Vrishti special scheme offers 7.25% for 444 days. DICGC insured deposits up to ₹5 Lakh. Best for conservative investors.

  • Senior citizen rate: 7.5%
  • Min deposit: ₹1,000
  • Compounding: Quarterly
  • DICGC insured up to ₹5 Lakh
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Best General Rate
#3 Pick
Kotak Mahindra Bank
7.1% p.a.

Kotak offers the best general citizen rate among major banks at 7.10% for 1-year and 2-year tenures. Senior citizens get 7.60%. Strong digital banking and easy online FD booking.

  • Senior citizen rate: 7.6%
  • Min deposit: ₹5,000
  • Compounding: Quarterly
  • DICGC insured up to ₹5 Lakh
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All FD Rates — Full Comparison 2026

Sorted by 1-year FD rate (highest first). Rates shown are for general citizens.

Bank 1Y Rate 3Y Rate 5Y Rate Senior + Min Deposit
Mahindra Finance 7.5% 7.65% 7.55% +0.25% ₹5,000 Calculate FD Returns →
Shriram Finance 7.5% 7.71% 7.61% +0.25% ₹5,000 Calculate FD Returns →
Bajaj Finserv 7.4% 7.55% 7.4% +0.25% ₹15,000 Calculate FD Returns →
IndusInd Bank 7.25% 7.25% 7% +0.50% ₹10,000 Calculate FD Returns →
Yes Bank 7.25% 7.25% 7% +0.50% ₹10,000 Calculate FD Returns →
Bandhan Bank 7.25% 7.15% 6.5% +0.50% ₹1,000 Calculate FD Returns →
PNB Housing 7.25% 7.35% 7.25% +0.25% ₹10,000 Calculate FD Returns →
Kotak Mahindra Bank 7.1% 6.75% 6.5% +0.50% ₹5,000 Calculate FD Returns →
LIC Housing 7.1% 7.15% 7% +0.25% ₹10,000 Calculate FD Returns →
Federal Bank 7% 6.75% 6.5% +0.50% ₹5,000 Calculate FD Returns →
South Indian Bank 7% 6.75% 6.25% +0.50% ₹1,000 Calculate FD Returns →
ICICI Bank 6.9% 7% 6.9% +0.50% ₹10,000 Calculate FD Returns →
Axis Bank 6.9% 7.1% 7% +0.50% ₹5,000 Calculate FD Returns →
IDFC First Bank 6.9% 7% 7% +0.50% ₹10,000 Calculate FD Returns →
Post Office 6.9% 7.1% 7.5% +0.00% ₹1,000 Calculate FD Returns →
Bank of Baroda 6.85% 7.15% 6.5% +0.50% ₹1,000 Calculate FD Returns →
Canara Bank 6.85% 6.8% 6.7% +0.50% ₹1,000 Calculate FD Returns →
SBI 6.8% 6.75% 6.5% +0.50% ₹1,000 Calculate FD Returns →
HDFC Bank 6.8% 7% 7% +0.50% ₹5,000 Calculate FD Returns →
PNB 6.8% 7% 6.5% +0.50% ₹1,000 Calculate FD Returns →
Union Bank 6.8% 6.8% 6.5% +0.50% ₹1,000 Calculate FD Returns →
IDBI Bank 6.8% 6.75% 6.5% +0.50% ₹1,000 Calculate FD Returns →
Bank of India 6.8% 6.75% 6.5% +0.50% ₹1,000 Calculate FD Returns →
Indian Bank 6.75% 6.75% 6.5% +0.50% ₹1,000 Calculate FD Returns →
Central Bank 6.7% 6.6% 6.5% +0.50% ₹1,000 Calculate FD Returns →

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Frequently Asked Questions

Which bank has the highest FD interest rate in 2026?

Among banks, IndusInd Bank, Yes Bank, and Bandhan Bank offer some of the highest rates at 7.25% for 1-year tenure. Among NBFCs, Shriram Finance offers up to 7.71% and Mahindra Finance up to 7.65%. Post Office offers 7.50% for 5 years. Use the comparison table above to find the best rate for your preferred tenure.

Is FD interest rate the same for senior citizens?

No. Most banks offer 0.25% to 0.50% higher interest for senior citizens (aged 60+). For example, if the general rate is 7.00%, seniors may get 7.50%. Some banks like HDFC and Axis offer up to 0.50% extra. This makes FDs especially attractive for retirees seeking regular income.

What is the minimum amount to open a Fixed Deposit?

It varies by bank. SBI, PNB, and most public sector banks allow FDs from ₹1,000. Private banks like HDFC and Axis require ₹5,000, while ICICI and IndusInd require ₹10,000. NBFC FDs like Bajaj Finserv start at ₹15,000. Post Office FDs start at ₹1,000.

Are Fixed Deposits safe? What if the bank fails?

Bank FDs are insured by DICGC (Deposit Insurance and Credit Guarantee Corporation) up to ₹5 Lakh per depositor per bank, covering both principal and interest. Post Office FDs carry sovereign guarantee with no upper limit. NBFC FDs are not DICGC insured but are regulated by RBI.

Do any banks offer special FD schemes with higher rates?

Yes, several banks offer limited-period special FD schemes: SBI Amrit Vrishti (7.25% for 444 days), Bank of Baroda Bob Tiranga (7.30% for 399 days), PNB Special (7.25% for 400 days), and Bank of India Star Sunidhi (7.30% for 400 days). These often offer higher rates than standard tenures.

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Bank FD Calculators

SBI FD CalculatorHDFC Bank FD CalculatorICICI Bank FD CalculatorAxis Bank FD CalculatorKotak Mahindra Bank FD CalculatorBank of Baroda FD CalculatorPNB FD CalculatorCanara Bank FD Calculator
Disclaimer: FD interest rates and details shown on this page are sourced from official bank and NBFC websites and are for reference only. Actual rates may vary based on your deposit amount, tenure, and institution's internal policies. We may earn a referral commission when you apply through links on this page, at no extra cost to you. This does not affect our rankings or recommendations. Last verified: March 2026.