Indicative rates · as of 3 October 2026
FD Lab: Find the Best FD Rate for Your Money
Enter your amount and tenure and watch major Indian banks race to the highest maturity value. The lab adds your tax slab, the senior-citizen bonus and a DICGC Safety Shield that splits big deposits so every rupee stays insured. Rates are indicative general-public rates; confirm the live rate with the bank before you book.
IDFC First Bank at 7.10%
₹2,00,000 grows to ₹2,14,583. That's ₹1,682 more than the lowest rate in this list.
- Rate Hunter +0.80%
- Fully insured
- 1IDFC First Bank7.10%₹14,583 interestBook FD
- 2Kotak Mahindra Bank6.65%₹13,635 interestBook FD
- 3Bank of Baroda6.60%₹13,530 interestBook FD
The rate race
- 1IDFC First Bank7.10% p.a.₹2,14,583+₹14,583Book FD
- 2Kotak Mahindra Bank6.65% p.a.₹2,13,635+₹13,635Book FD
- 3Bank of Baroda6.60% p.a.₹2,13,530+₹13,530Book FD
- 4Punjab National Bank6.60% p.a.₹2,13,530+₹13,530Book FD
- 5Axis Bank6.50% p.a.₹2,13,320+₹13,320Book FD
- 6State Bank of India6.45% p.a.₹2,13,215+₹13,215Book FD
- 7HDFC Bank6.45% p.a.₹2,13,215+₹13,215Book FD
- 8ICICI Bank6.30% p.a.₹2,12,901+₹12,901Book FD
Safety Shield: covered
Your deposit and its interest stay within the ₹5,00,000 DICGC cover at one bank.
Tax check
FD interest is taxed at your slab rate. About ₹14,583/yr stays under the ₹50,000 TDS line at one bank. Form 15G/15H applies only if your total income is below the taxable limit.
Before you book
Breaking an FD early usually costs about 1% and earns the shorter tenure's rate. Special tenures (e.g. 444 days) can pay more. Rates as of 3 October 2026.
Full rate table
| Bank | < 1 year | 1–2 years | 2–3 years | 3–5 years | Official rates |
|---|---|---|---|---|---|
| State Bank of India | 5.90% | 6.45% | 6.40% | 6.30% | Bank page ↗ |
| HDFC Bank | 5.75% | 6.45% | 6.45% | 6.50% | Bank page ↗ |
| ICICI Bank | 5.50% | 6.30% | 6.45% | 6.50% | Bank page ↗ |
| Axis Bank | 5.75% | 6.50% | 6.50% | 6.50% | Bank page ↗ |
| Kotak Mahindra Bank | 6.00% | 6.65% | 6.65% | 6.40% | Bank page ↗ |
| IDFC First Bank | 6.50% | 7.10% | 7.10% | 6.75% | Bank page ↗ |
| Bank of Baroda | 6.00% | 6.60% | 6.50% | 6.40% | Bank page ↗ |
| Punjab National Bank | 5.60% | 6.60% | 6.35% | 6.35% | Bank page ↗ |
Level up before you decide
Read the tips and open the questions to earn XP. Knowing the fine print is how you actually win.
- Tip Collector
- FAQ Master
- Source Checker
Pro tips for FD hunters
- TIP 01
Match the tenure to your goal
The highest headline rate often sits in a narrow tenure bucket (e.g. 1–2 years); a rate on a 5-year FD you don't need is irrelevant.
- TIP 02
Watch for special schemes
Limited-period deposits like SBI's 444-day Amrit Vrishti can beat standard slabs — the table shows standard buckets only.
- TIP 03
Senior citizens earn more
Add roughly 0.25–0.50 pp to the rates above; some banks run separate senior-citizen slabs.
- TIP 04
DICGC cover is ₹5 lakh per bank
Deposits above that are uninsured; splitting across banks keeps each chunk covered.
Questions people ask
Q01Which bank offers the highest FD interest rate in India right now?+30
Rates change frequently, but as of early October 2026 smaller private banks such as IDFC First (up to 7.10% p.a. on 1–3 year tenures) quote higher headline rates than the largest banks, where 1–3 year FDs cluster around 6.30–6.65% p.a. Special-tenure schemes (e.g. 444-day deposits) sometimes pay more than standard slabs.
Q02Do senior citizens get higher FD rates?+30
Yes. Most banks add roughly 0.25–0.50 percentage points for senior citizens. As of October 2026, for example, ICICI Bank offers senior citizens up to 7.10% p.a. on 3-year-plus tenures versus 6.50% for the general public, and SBI offers up to 6.95% on its 444-day Amrit Vrishti scheme.
Q03Is FD interest taxable?+30
Yes. FD interest is added to your taxable income and taxed at your slab rate. Banks deduct TDS (10% with PAN) when interest across your deposits with that bank crosses the annual threshold — ₹50,000 for general customers and ₹1,00,000 for senior citizens. Submit Form 15G/15H if your total income is below the taxable limit.
Q04What happens if I break an FD before maturity?+30
Premature withdrawal usually earns the rate applicable to the period the money actually stayed with the bank, minus a penalty (commonly around 1%). Some special-scheme FDs disallow premature closure entirely, so check the terms before booking.
Q05Are bank FDs safe?+30
Deposits with scheduled commercial banks are insured by the DICGC up to ₹5 lakh per depositor per bank (principal + interest). For amounts above that, spreading deposits across banks keeps each chunk within the insured limit.
Where the numbers come from
- State Bank of India — official FD rates pagesbi.bank.in
- HDFC Bank — official FD rates pagehdfc.bank.in
- ICICI Bank — official FD rates pageicici.bank.in
- Axis Bank — official FD rates pageaxis.bank.in
- Kotak Mahindra Bank — official FD rates pagekotak.bank.in
- IDFC First Bank — official FD rates pageidfcfirst.bank.in
- Bank of Baroda — official FD rates pagebankofbaroda.bank.in
- Punjab National Bank — official FD rates pagepnb.bank.in
- DICGC (Reserve Bank of India) — deposit insurance up to ₹5 lakhdicgc.org.in