The current FD interest rates range from 2.50% to 7.90% p.a. for regular depositors. A fixed deposit is an investment that’s considered completely safe and reliable. You deposit your savings with a bank for a fixed period of time and earn a fixed interest rate, determined by the bank.
Currently, FD interest rates range from approximately 3.00% to 8.05% for general customers and 3.50% to 9.00% for senior citizens.
Do you also want to invest your savings in FD this year and want to know which bank is giving good interest, then stay till the end of this post to know all this information.
Banks Offering the Highest FD Rates in India
| Bank Name | FD Interest Rate (General Public) | FD Interest Rate (Senior Citizens) |
|---|---|---|
| State Bank of India (SBI) | 3.50% – 7.25% | 4.00% – 7.75% |
| Axis Bank | 3.00% -7.25 | 3.50%-7.75% |
| Central Bank of India | 3.50% – 7.25% | 4.00% – 7.75% |
| HDFC Bank | 3.00% – 7.25% | 3.50% – 7.75% |
| ICICI Bank | 3.00% – 7.25% | 3.50% – 7.75% |
| Kotak Mahindra Bank | 2.75% – 7.40% | 3.25% – 7.90% |
| IDBI Bank | 3.00% – 7.30% | 3.50% – 7.80% |
| IDFC First Bank | 3.00% – 7.90% | 3.50% – 8.40% |
| Punjab National Bank (PNB) | 3.50% – 8.05% | 4.00% – 8.55% |
| Canara Bank | 4.00% – 7.25% | 4.50% – 7.70% |
| Indian Bank | 2.80% – 7.30% | 3.30% – 7.80% |
| Indian Overseas Bank | 4.00% – 7.10% | 4.50% – 7.80% |
| Union Bank of India | 3.00% – 7.00% | 3.50% – 7.50% |
Top Banks & NBFCs Offering the Highest FD Rates
FD interest rates vary across banks, depending on various factors. You can find information on FD interest rates offered by Indian banks here.
State Bank of India
For ordinary citizens: 6.00% – 7.00%
For senior citizens: 6.50% – 7.50%
Special scheme: ‘Amrit Varsha’ FD (444 days) – 7.25% for ordinary citizens, 7.75% for senior citizens
HDFC FD New interest rates
For ordinary citizens: 6.25% – 7.25%
For senior citizens: 6.75% – 7.75%
Special scheme: 7.4% (ordinary citizens), 7.9% (senior citizens) on FDs of 4 years and 7 months
ICICI FD New Interest Rates
For ordinary citizens: 6.20% – 7.20%
For senior citizens: 6.70% – 7.70%
Special Scheme: 7.25% (ordinary citizens), 7.85% (senior citizens) on FDs of 15–18 months
PNB New FD Interest Rates
For General Citizens: 5.80% – 6.80%
For Senior Citizens: 6.30% – 7.30%
Special Scheme: 7.00% (General Citizens), 7.50% (Senior Citizens) on 303-day FDs
Indsind Bank FD interest rates
For ordinary citizens: 6.75% – 7.50%
For senior citizens: 7.25% – 8.00%
Special scheme: 7.25% (ordinary citizens), 8.00% (senior citizens) on 5-year FDs
FDs are a way to double your money by investing in them. However, this depends on the interest rate and the tenure of the FD.
