9 Banks · Regular & Senior Citizen · Updated August 2026
FD Interest Rates 2026
Compare fixed deposit rates across SBI, HDFC, ICICI, PNB, Canara, Bank of Baroda, Axis, Kotak, and IDFC FIRST Bank — for regular and senior citizen depositors.
9
Banks Compared
6.50%
Best 1Y Rate
7.50%
Best Senior Rate
₹5 Lakh
DICGC Cover
Note: Rates shown are for deposits below ₹3 crore. Highlighted cells (green) indicate the best rate in that tenure across all banks. Verify current rates on the bank's official website before booking.
FD Interest Rates 2026 — Regular Depositors
All rates % p.a. for deposits below ₹3 crore.
| Bank | 6 Months | 1 Year | 2 Years | 3 Years | 5 Years | Updated |
|---|---|---|---|---|---|---|
| Public Sector Banks | ||||||
| State Bank of India | 5.65%★ | 6.25% | 6.40% | 6.30% | 6.30% | Jun 2026 |
| Punjab National Bank | 5.60% | 6.25% | 6.30% | 6.35% | 6.35% | Jun 2026 |
| Canara Bank | 5.25% | 6.35% | 6.35% | 6.35% | 6.35% | Mar 2026 |
| Bank of Baroda | 5.50% | 6.25% | 6.50% | 6.50% | 6.40% | Sep 2025 |
| Private Sector Banks | ||||||
| HDFC Bank | 5.50% | 6.25% | 6.45% | 6.50% | 6.40% | Mar 2026 |
| ICICI Bank | 5.50% | 6.25% | 6.45% | 6.50% | 6.50% | Apr 2026 |
| Axis Bank | 5.50% | 6.25% | 6.45% | 6.45% | 6.45% | May 2026 |
| Kotak Mahindra Bank | 5.50% | 6.50%★ | 6.50% | 6.70% | 6.40% | Feb 2026 |
| IDFC FIRST Bank | 5.50% | 6.30% | 7.00%★ | 7.00%★ | 7.00%★ | Mar 2026 |
FD Interest Rates 2026 — Senior Citizens (Age 60+)
Senior citizens earn an additional 0.25–0.80% over regular rates depending on the bank and tenure.
| Bank | 6 Months | 1 Year | 2 Years | 3 Years | 5 Years | Senior Benefit |
|---|---|---|---|---|---|---|
| State Bank of India | 6.15%★ | 6.75% | 6.90% | 6.80% | 6.80% | +0.50% (all tenures); +0.75% on 5–10Y via SBI We-care |
| HDFC Bank | 6.00% | 6.75% | 6.95% | 7.00% | 6.90% | +0.50% on all tenures |
| ICICI Bank | 6.00% | 6.75% | 6.95% | 7.10% | 7.00% | +0.50% standard; +0.60% on select tenures |
| Punjab National Bank | 6.10% | 6.75% | 6.80% | 6.85% | 6.85% | +0.50% (age 60–79); +0.80% (age 80+, Super Senior) |
| Canara Bank | 5.75% | 6.85% | 6.85% | 6.85% | 6.85% | +0.50% on tenures 180 days and above only |
| Bank of Baroda | 6.00% | 6.75% | 7.00% | 7.00% | 7.00% | +0.50% on all tenures |
| Axis Bank | 6.00% | 6.75% | 6.95% | 6.95% | 6.95% | +0.50% on most tenures |
| Kotak Mahindra Bank | 6.00% | 7.00%★ | 7.00% | 7.20% | 6.90% | +0.50% on most tenures |
| IDFC FIRST Bank | 6.00% | 6.80% | 7.50%★ | 7.50%★ | 7.50%★ | +0.50%; zero premature withdrawal penalty for senior citizens |
★ = Best rate for that tenure across all banks compared.
Special FD Schemes — Higher Rates on Select Tenures
| Bank | Scheme / Tenure | Regular | Senior Citizen |
|---|---|---|---|
| Canara Bank | Dhanvarsha — 444 days | 6.60% | 7.10% |
| Canara Bank | Dhanvarsha — 555 days | 6.75% | 7.25% |
| Bank of Baroda | BOB Square Drive — 444 days | 6.60% | 7.10% |
| SBI | We-care Scheme (Senior Citizens only) — 5–10 Years | 6.05% | 7.05% |
Bank-wise FD Rates — Full Tenure Breakdown
State Bank of IndiaPublic SectorUpdated 15 Jun 2026
Senior citizen benefit: +0.50% (all tenures); +0.75% on 5–10Y via SBI We-care
| Tenure | Regular | Senior Citizen |
|---|---|---|
| 7–45 days | 3.05% | 3.55% |
| 46–179 days | 4.90% | 5.40% |
| 6 Months | 5.65% | 6.15% |
| 211 days to <1 Year | 5.90% | 6.40% |
| 1 Year | 6.25% | 6.75% |
| 2 Years | 6.40% | 6.90% |
| 3 Years | 6.30% | 6.80% |
| 5 Years | 6.30% | 6.80% |
| 5–10 Years | 6.05% | 7.05% |
Special Schemes
SBI We-care (Senior Citizens)6.05% / 7.05% (Senior)
HDFC BankPrivate SectorUpdated 6 Mar 2026
Senior citizen benefit: +0.50% on all tenures
| Tenure | Regular | Senior Citizen |
|---|---|---|
| 7–14 days | 2.75% | 3.25% |
| 46–89 days | 4.25% | 4.75% |
| 6 Months | 5.50% | 6.00% |
| 9 months to <1 Year | 5.75% | 6.25% |
| 1 Year | 6.25% | 6.75% |
| 15–18 months | 6.35% | 6.85% |
| 2 Years | 6.45% | 6.95% |
| 3 Years | 6.50% | 7.00% |
| 5 Years | 6.40% | 6.90% |
| 5–10 Years | 6.15% | 6.65% |
ICICI BankPrivate SectorUpdated 7 Apr 2026
Senior citizen benefit: +0.50% standard; +0.60% on select tenures
| Tenure | Regular | Senior Citizen |
|---|---|---|
| 7–45 days | 2.75% | 3.25% |
| 46–90 days | 4.00% | 4.50% |
| 91–184 days | 4.50% | 5.00% |
| 6 Months | 5.50% | 6.00% |
| 1 Year | 6.25% | 6.75% |
| 18 months to 2 Years | 6.30% | 6.80% |
| 2 Years | 6.45% | 6.95% |
| 3 Years | 6.50% | 7.10% |
| 5 Years | 6.50% | 7.00% |
| 5–10 Years | 6.50% | 7.00% |
Punjab National BankPublic SectorUpdated 1 Jun 2026
⚠ PNB uniquely offers a Super Senior (80+) slab at +0.80% over regular rates.
Senior citizen benefit: +0.50% (age 60–79); +0.80% (age 80+, Super Senior)
| Tenure | Regular | Senior Citizen |
|---|---|---|
| 7–14 days | 3.00% | 3.50% |
| 46–90 days | 4.50% | 5.00% |
| 6 Months | 5.60% | 6.10% |
| 1 Year | 6.25% | 6.75% |
| 2 Years | 6.30% | 6.80% |
| 3 Years | 6.35% | 6.85% |
| 5 Years | 6.35% | 6.85% |
| 5–10 Years | 6.00% | 6.80% |
Canara BankPublic SectorUpdated 17 Mar 2026
⚠ No senior citizen premium on tenures below 180 days.
Senior citizen benefit: +0.50% on tenures 180 days and above only
| Tenure | Regular | Senior Citizen |
|---|---|---|
| 7–45 days | 3.00% | 3.00% |
| 46–90 days | 4.00% | 4.00% |
| 6 Months | 5.25% | 5.75% |
| 1 Year | 6.35% | 6.85% |
| 2 Years | 6.35% | 6.85% |
| 3 Years | 6.35% | 6.85% |
| 5 Years | 6.35% | 6.85% |
| 5–10 Years | 6.35% | 6.85% |
Special Schemes
Canara Dhanvarsha (444 days)6.60% / 7.10% (Senior)
Canara Dhanvarsha (555 days)6.75% / 7.25% (Senior)
Bank of BarodaPublic SectorUpdated 12 Sep 2025
Senior citizen benefit: +0.50% on all tenures
| Tenure | Regular | Senior Citizen |
|---|---|---|
| 7–14 days | 3.50% | 4.00% |
| 46–90 days | 5.00% | 5.50% |
| 6 Months | 5.50% | 6.00% |
| 1 Year | 6.25% | 6.75% |
| 2 Years | 6.50% | 7.00% |
| 3 Years | 6.50% | 7.00% |
| 5 Years | 6.40% | 7.00% |
| 5–10 Years | 6.00% | 7.00% |
Special Schemes
BOB Square Drive (444 days)6.60% / 7.10% (Senior)
Axis BankPrivate SectorUpdated 1 May 2026
Senior citizen benefit: +0.50% on most tenures
| Tenure | Regular | Senior Citizen |
|---|---|---|
| 7–14 days | 3.00% | 3.50% |
| 46–87 days | 4.75% | 5.25% |
| 6 Months | 5.50% | 6.00% |
| 9 months to <1 Year | 5.75% | 6.25% |
| 1 Year | 6.25% | 6.75% |
| 2 Years | 6.45% | 6.95% |
| 3 Years | 6.45% | 6.95% |
| 5 Years | 6.45% | 6.95% |
| 5–10 Years | 6.45% | 6.95% |
Kotak Mahindra BankPrivate SectorUpdated 4 Feb 2026
Senior citizen benefit: +0.50% on most tenures
| Tenure | Regular | Senior Citizen |
|---|---|---|
| 7–14 days | 2.75% | 3.25% |
| 46–90 days | 3.50% | 4.00% |
| 6 Months | 5.50% | 6.00% |
| 271–364 days | 6.00% | 6.50% |
| 1 Year | 6.50% | 7.00% |
| 2 Years | 6.50% | 7.00% |
| 3 Years | 6.70% | 7.20% |
| 5 Years | 6.40% | 6.90% |
| 5–10 Years | 6.25% | 6.75% |
IDFC FIRST BankPrivate SectorUpdated Mar 2026
⚠ Rates verified from third-party sources; confirm at idfcfirstbank.com before booking.
Senior citizen benefit: +0.50%; zero premature withdrawal penalty for senior citizens
| Tenure | Regular | Senior Citizen |
|---|---|---|
| 7–45 days | 3.00% | 3.50% |
| 46–180 days | 4.50% | 5.00% |
| 6 Months | 5.50% | 6.00% |
| 1 Year | 6.30% | 6.80% |
| 2 Years | 7.00% | 7.50% |
| 3 Years | 7.00% | 7.50% |
| 5 Years | 7.00% | 7.50% |
| 5–10 Years | 6.00% | 6.50% |
Frequently Asked Questions
Which bank offers the highest FD interest rate in 2026?
For regular depositors, IDFC FIRST Bank offers the highest FD rate of 7.00% for 2–5 year tenures. Kotak Mahindra Bank offers 6.70% for 3 years and 6.50% for 1 year. For senior citizens, IDFC FIRST Bank offers up to 7.50% on 2–5 year tenures.
What is the FD interest rate of SBI in 2026?
SBI FD interest rates for 2026 (effective December 2025): 6M – 5.65%, 1Y – 6.25%, 2Y – 6.40%, 3Y – 6.30%, 5Y – 6.30% for regular depositors. Senior citizens get +0.50% on all tenures, plus the We-care scheme gives +0.75% on 5–10 year deposits making the senior rate 7.05% for that tenure.
What is the extra interest rate for senior citizens on FDs?
Most banks offer +0.50% additional interest for senior citizens (age 60+) on fixed deposits. PNB offers +0.50% for age 60–79 and +0.80% for Super Seniors (age 80+). SBI's We-care scheme gives +0.75% on 5–10 year tenures. Canara Bank offers senior benefit only on deposits of 180 days and above.
Is it better to book FD in a public sector bank or private bank?
Both are equally safe up to ₹5 lakh per depositor per bank under DICGC insurance. Private banks (HDFC, ICICI, Axis, Kotak, IDFC First) typically offer 0.25–0.50% higher rates than comparable public sector banks. However, public sector banks (SBI, PNB, Canara, BOB) are government-owned and are considered to have an implicit sovereign backing.
What is the DICGC insurance limit for FDs?
The Deposit Insurance and Credit Guarantee Corporation (DICGC) insures deposits up to ₹5 lakh per depositor per bank. This limit covers both principal and interest combined. If you have more than ₹5 lakh to invest, spread it across multiple banks to maximise insurance coverage.
Should I go for cumulative or non-cumulative FD?
Cumulative FDs (interest compounded and paid at maturity) give a higher effective yield due to compounding — best for wealth accumulation goals. Non-cumulative FDs (monthly/quarterly interest payout) are better if you need regular income — suitable for retirees and senior citizens relying on FD income. The nominal interest rate is the same; cumulative FDs earn more overall due to compounding.
What is TDS on FD interest?
Banks deduct TDS (Tax Deducted at Source) at 10% if FD interest exceeds ₹40,000 in a financial year (₹50,000 for senior citizens). If your total income is below the taxable limit, submit Form 15G (non-senior) or Form 15H (senior citizens) to your bank at the start of the financial year to avoid TDS deduction.
Related Pages
Disclaimer:FD interest rates are sourced from official bank websites and may change without notice. Rates shown are for deposits below ₹3 crore (non-NRE/NRO). Always verify current rates on the respective bank's official website before booking a fixed deposit. This page is updated periodically but may not reflect the most recent changes.