🏦 Best FD Rates in India 2026
Compare interest rates across major banks and small finance banks — updated June 2026
Want to book an FD? Visit BookMyFD.in
🏛 Major Bank FD Rates (General Public, below ₹2 Cr)
| Bank | 1 Year | 2 Years | 3 Years | 5 Years | Senior Citizen Bonus |
|---|---|---|---|---|---|
| SBI | 6.80% | 7.00% | 6.75% | 6.50% | +0.50% |
| HDFC Bank | 6.60% | 7.25% | 7.25% | 7.00% | +0.50% |
| ICICI Bank | 6.70% | 7.25% | 7.00% | 6.90% | +0.50% |
| Axis Bank | 6.70% | 7.10% | 7.10% | 7.00% | +0.75% |
| Kotak Mahindra Bank | 7.10% | 7.10% | 7.10% | 6.20% | +0.50% |
| Punjab National Bank | 6.80% | 6.80% | 6.50% | 6.50% | +0.50% |
| Bank of Baroda | 6.85% | 7.15% | 6.50% | 6.50% | +0.50% |
| Canara Bank | 6.85% | 6.85% | 6.70% | 6.70% | +0.50% |
| IDFC First Bank | 7.25% | 7.25% | 7.25% | 7.25% | +0.50% |
| IndusInd Bank | 7.50% | 7.25% | 7.25% | 7.25% | +0.50% |
🚀 Small Finance Banks — Higher Rates Higher Risk
Small Finance Banks offer higher interest rates but have DICGC insurance only up to ₹5 lakh per depositor.
| Bank | Best Rate | Best Tenure | Senior Citizen Rate | DICGC Insured |
|---|---|---|---|---|
| Unity Small Finance Bank | 9.00% | 1001 days | 9.50% | ✅ Yes (up to ₹5L) |
| Suryoday Small Finance Bank | 8.65% | 2–3 years | 9.15% | ✅ Yes |
| Utkarsh Small Finance Bank | 8.50% | 2 years | 9.00% | ✅ Yes |
| ESAF Small Finance Bank | 8.50% | 2 years | 9.00% | ✅ Yes |
| Jana Small Finance Bank | 8.25% | 1–2 years | 8.75% | ✅ Yes |
| NorthEast Small Finance Bank | 8.00% | 1–3 years | 8.50% | ✅ Yes |
💡 Tips to Maximise FD Returns
FD Laddering
Split your corpus into FDs of different tenures (1Y, 2Y, 3Y). Renew them as they mature to benefit from rate changes.
Senior Citizen Benefit
Banks offer 0.50–0.75% extra to senior citizens (60+). If investing for parents, open FD in their name for better returns.
DICGC Safety Limit
Each bank insures deposits up to ₹5 lakh per depositor. Spread large amounts across multiple banks for full safety.
Tax on FD Interest
FD interest is taxable as per your income slab. Submit Form 15G/15H if income is below taxable limit to avoid TDS deduction.
Auto-Renewal Risk
Most banks auto-renew FDs at the prevailing rate — which may be lower. Set a reminder to review on maturity.
Online FDs are Better
Online/digital FDs often offer 0.10–0.25% higher rates than branch FDs. Use net banking or a broker platform to book.