The following list includes some of the best fixed deposit interest rates currently provided by leading public and private banks in India. These rates are applicable to deposits below ₹3 crore and are shown for both general and senior citizen categories.
| Bank Name | General FD Rate (%) | Senior Citizen FD Rate (%) |
|---|---|---|
| Bandhan Bank | 7.75 | 8.25 |
| RBL Bank | 7.30 | 7.80 |
| Bank of Baroda | 7.10 | 7.60 |
| Central Bank of India | 7.15 | 7.55 |
| IDBI Bank (Utsav FD) | 6.75–6.90 | Higher than general |
| State Bank of India (SBI) | Up to 6.65 | 7.50 |
| HDFC Bank | Around 6.65 | Around 7.15 |
| ICICI Bank | 6.60 | 7.10 |
| Canara Bank | Around 7.10 | Up to 7.60 |
| Kotak Mahindra Bank | 6.60 | 6.75 |
| Indian Overseas Bank | 7.10 | 7.50 |
| IndusInd Bank | 6.65 | 7.40 |
| Jammu & Kashmir Bank | 7.30 | 7.70 |
| Punjab & Sind Bank | 6.35 | 6.85 |
| South Indian Bank | 6.70 | 7.20 |
| UCO Bank | 6.10 | 6.60 |
| Union Bank of India | 6.40 | 6.90 |
| Indian Bank | 6.10 | 6.50 |
| Axis Bank | Up to 7.05 | 7.55 |
| Yes Bank | 7.75–8.05 | Up to 8.25 |
💡 Important Observations
- Bandhan Bank, RBL Bank, and Jammu & Kashmir Bank are among the top in terms of offering high FD returns.
- Public sector banks such as SBI, Bank of Baroda, and Central Bank of India offer stable interest rates, with additional benefits for senior citizens.
- Private sector banks like HDFC, ICICI, and Kotak provide competitive rates with strong safety and digital service offerings.
- Most banks offer an additional 0.50% to 1.00% interest to senior citizens, making fixed deposits even more attractive for them.
- FD interest rates can vary based on the tenure chosen, so it’s important to verify the applicable rate for your preferred duration.
✅ Summary & Suggestions
- For higher returns: Consider Bandhan Bank, RBL Bank, or Jammu & Kashmir Bank.
- For better accessibility and safety: Opt for SBI, HDFC, or ICICI.
- For senior citizens: Look at banks offering above 7.5% specifically tailored to the senior category.
Make sure to verify the latest interest rates directly with the bank before making any deposit, as these rates are subject to change without notice.
