Best fixed deposit interest rates in India
The highest FD rates across 17 banks — public-sector, private and small-finance — for general and senior citizens, as of June 2026.
By NexMaxo Editorial Team · Rates verified June 2026 · Indicative headline rates, confirm before booking
Some bank links below are affiliate links — if you open an account through them we may earn a commission, at no extra cost to you. It never changes which rates we show; the table is sorted purely by the highest published rate. How we make money →
Highest rates right now
The top rate in each bank category, as of June 2026.
Suryoday Small Finance Bank
Small finance
8.1%general
up to 8.25% for senior citizens
Check Suryoday Small Finance Bank rates See full details →IDFC FIRST Bank
Private
7.35%general
up to 7.85% for senior citizens
Check IDFC FIRST Bank ratesCanara Bank
Public sector
6.7%general
up to 7.2% for senior citizens
Check Canara Bank ratesAll 17 banks compared
Sorted by the highest general-citizen rate. Tap a bank for details and a maturity estimate.
| Bank | Type | General | Senior | Open FD |
|---|---|---|---|---|
| Suryoday Small Finance Bank | Small finance | 8.1% | 8.25% | Open |
| AU Small Finance Bank | Small finance | 7.4% | 7.9% | Open |
| IDFC FIRST Bank | Private | 7.35% | 7.85% | Open |
| Yes Bank | Private | 7.25% | 7.75% | Open |
| Bandhan Bank | Private | 7.25% | 7.75% | Open |
| RBL Bank | Private | 7.1% | 7.6% | Open |
| IndusInd Bank | Private | 7% | 7.75% | Open |
| Kotak Mahindra Bank | Private | 6.8% | 7.3% | Open |
| Federal Bank | Private | 6.8% | 7.3% | Open |
| Canara Bank | Public sector | 6.7% | 7.2% | Open |
| Axis Bank | Private | 6.7% | 7.2% | Open |
| State Bank of India | Public sector | 6.6% | 7.1% | Open |
| Punjab National Bank | Public sector | 6.6% | 7.1% | Open |
| Bank of Baroda | Public sector | 6.6% | 7.15% | Open |
| Union Bank of India | Public sector | 6.6% | 7.1% | Open |
| HDFC Bank | Private | 6.5% | 7% | Open |
| ICICI Bank | Private | 6.5% | 7.1% | Open |
Highest “up to” rates, indicative as of June 2026. The exact rate depends on tenure and amount and can change — confirm on the bank's official site before booking. Deposits are DICGC-insured up to ₹5 lakh per depositor per bank.
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What ₹1,00,000 would grow to
At Suryoday Small Finance Bank's headline general rate of 8.1%, compounded quarterly. An estimate, not a quote.
| Tenure | Interest earned | Maturity value |
|---|---|---|
| 1 year | ₹8,349 | ₹1,08,349 |
| 3 years | ₹27,198 | ₹1,27,198 |
| 5 years | ₹49,325 | ₹1,49,325 |
How we compile these rates
We maintain a dated table of each bank's highest published “up to” FD rate, taken from the bank's own website and verified as of June 2026. Banks are ranked purely by the general-citizen rate — never by any commercial arrangement. Senior-citizen rates run about 0.50% higher. Rates move with the RBI's repo rate and each bank's funding needs, so we re-check and re-stamp the table when they change. Figures are indicative headline rates, not quotes. Our methodology · how we make money.
FD rates by bank
Each bank's page has the full rate breakdown and a maturity estimate.
Best FD rates — FAQs
As of June 2026, Suryoday Small Finance Bank offers among the highest headline rates — up to 8.1% p.a. for general citizens and 8.25% for senior citizens. Small-finance banks usually top the table because they pay more to attract deposits; their FDs are still DICGC-insured up to ₹5 lakh.
Yes, within limits. Every scheduled bank in India — including small finance banks — is covered by DICGC deposit insurance up to ₹5 lakh per depositor per bank (principal + interest combined). Spreading larger amounts across banks keeps the whole sum insured. The trade-off for a higher rate is a smaller, newer bank, so many savers keep small-finance FDs within the ₹5 lakh cover.
Senior citizens typically earn about 0.50% more than the general public on the same deposit — which is why the senior column above is higher for every bank. Some banks add a further premium for super-senior citizens (80+). You usually need to be 60+ on the booking date to get the senior rate.
Yes. FD interest is added to your income and taxed at your slab rate. Banks deduct TDS once your interest with them in a year crosses ₹50,000 (₹1,00,000 for senior citizens). If your total income is below the taxable limit, submit Form 15G (15H for seniors) to avoid TDS.
These are indicative highest ("up to") rates as of June 2026 and can change whenever a bank revises its card. The exact rate depends on the tenure and amount you choose. Always confirm the current, tenure-wise rate on the bank's official site (linked) before booking.
This is an informational rate comparison, not financial advice or a quote. Rates are indicative headline figures verified as of June 2026and change frequently; deposit insurance (DICGC) covers up to ₹5 lakh per bank. Confirm the exact tenure-wise rate and terms on the bank's official website before you invest.