Fixed Deposit (FD) Interest Rates Today
FD maturity calculator
FD interest rates by bank
| Bank | Highest rate | 5-year | Senior |
|---|---|---|---|
| IDFC FIRST BankPrivate | 7.40%Up to 10 years | — | 7.90% |
| Bandhan BankPrivate | 7.25%Up to 10 years | — | 7.75% |
| RBL BankPrivate | 7.20%Up to 10 years | 6.70% | 7.70% |
| YES BankPrivate | 7.00%Up to 10 years | 6.75% | 7.50% |
| IndusInd BankPrivate | 7.00%Up to 10 years | — | 7.50% |
| ICICI BankPrivate | — | 6.50% | — |
| Axis BankPrivate | — | 6.45% | — |
| HDFC BankPrivate | — | 6.15% | — |
| State Bank of IndiaPublic sector | — | 6.05% | — |
| Bank of BarodaPublic sector | — | 6.00% | — |
| Punjab National BankPublic sector | — | 6.00% | — |
Rates are indicative for deposits under ₹3 crore and change often — always confirm the current rate with the bank before investing. Senior-citizen rates shown are the highest on offer.
How fixed deposit rates work
A fixed deposit locks your money for a set term at a rate the bank fixes upfront, so the return doesn't change with the market. Small finance banks and newer private banks usually offer the highest rates to attract deposits; large public-sector banks pay a little less but are what most people default to.
Senior citizens earn about 0.50% more on the same deposit. The best rate is often on a specific "special tenure" (like 444 or 555 days) rather than the round 1, 3 or 5-year buckets, so it pays to compare. Note that a 5-year tax-saver FD qualifies for a Section 80C deduction but locks the money in.
FD interest is fully taxable at your income-tax slab, and the bank deducts TDS once yearly interest crosses the threshold unless you submit Form 15G/15H. For NRIs, NRE fixed deposits are tax-free in India — see our NRI deposit guidance for those.
Rates compiled from public bank and aggregator sources; indicative only. Verify with the bank before opening a deposit. RatesToday is not a financial advisor.