9 Banks · Post Office · 5 Small Finance Banks · Updated August 2026
FD Interest Rates 2026
Compare fixed deposit rates across major banks, Post Office time deposits, and small finance banks offering up to 9% — for regular and senior citizen depositors.
15+
Institutions
7.00%
Best Bank Rate
9.00%
Best SFB 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% |
Post Office FD Rates 2026 (Time Deposits)
Post Office Time Deposits (POTD) are backed by the sovereign guarantee of the Government of India — not subject to the ₹5 lakh DICGC limit. Interest is compounded quarterly and paid annually. Last revised: Apr 2024.
Note: Post Office FDs carry no separate senior citizen premium — the same rate applies to all depositors. The 5-year TD qualifies for tax deduction under Section 80C (up to ₹1.5 lakh per year).
| Tenure | Interest Rate (% p.a.) | Benefit |
|---|---|---|
| 1 Year | 6.90% | — |
| 2 Years | 7.00% | — |
| 3 Years | 7.10% | — |
| 5 Years | 7.50%★ | 80C eligible |
★ = 80C tax deduction eligible. Quarterly compounding, annual payout. Premature withdrawal allowed after 6 months with penalty.
Small Finance Bank FD Rates 2026 — Earn Up to 9%
Small Finance Banks (SFBs) are RBI-regulated and covered under DICGC insurance up to ₹5 lakh — same as regular banks. They offer significantly higher FD rates to attract deposits. Updated August 2026.
Note:SFB rates change frequently. Always verify the latest rate on the bank's official website before booking. Deposits above ₹5 lakh carry additional risk as they are not covered by DICGC insurance.
| Bank | 6 Months | 1 Year | 2 Years | 3 Years | 5 Years | Senior Benefit |
|---|---|---|---|---|---|---|
| AU Small Finance Bank | 7.00% | 7.25% | 7.50% | 7.50% | 7.50% | +0.50% on all tenures |
| Ujjivan Small Finance Bank | 7.50%★ | 8.25% | 8.25% | 8.00% | 7.75% | +0.50% on all tenures |
| Equitas Small Finance Bank | 7.25% | 8.25% | 8.50% | 8.50% | 7.25% | +0.50% on most tenures |
| Jana Small Finance Bank | 7.50%★ | 8.00% | 8.25% | 8.25% | 7.50% | +0.25% on most tenures |
| ESAF Small Finance Bank | 7.00% | 8.50%★ | 9.00%★ | 8.75%★ | 8.00%★ | +0.25% on select tenures |
AU Small Finance BankSmall Finance BankUpdated Jul 2026
⚠ AU SFB is one of India's largest small finance banks with a strong credit rating.
Senior citizen benefit: +0.50% on all tenures
| Tenure | Regular | Senior Citizen |
|---|---|---|
| 6 Months | 7.00% | 7.50% |
| 1 Year | 7.25% | 7.75% |
| 2 Years | 7.50% | 8.00% |
| 3 Years | 7.50% | 8.00% |
| 5 Years | 7.50% | 8.00% |
Ujjivan Small Finance BankSmall Finance BankUpdated Jul 2026
Senior citizen benefit: +0.50% on all tenures
| Tenure | Regular | Senior Citizen |
|---|---|---|
| 6 Months | 7.50% | 8.00% |
| 1 Year | 8.25% | 8.75% |
| 2 Years | 8.25% | 8.75% |
| 3 Years | 8.00% | 8.50% |
| 5 Years | 7.75% | 8.25% |
Equitas Small Finance BankSmall Finance BankUpdated Jul 2026
Senior citizen benefit: +0.50% on most tenures
| Tenure | Regular | Senior Citizen |
|---|---|---|
| 6 Months | 7.25% | 7.75% |
| 1 Year | 8.25% | 8.75% |
| 2 Years | 8.50% | 9.00% |
| 3 Years | 8.50% | 9.00% |
| 5 Years | 7.25% | 7.75% |
Jana Small Finance BankSmall Finance BankUpdated Jul 2026
⚠ Jana SFB offers some of the highest rates in the segment — verify on janasb.com before booking.
Senior citizen benefit: +0.25% on most tenures
| Tenure | Regular | Senior Citizen |
|---|---|---|
| 6 Months | 7.50% | 7.75% |
| 1 Year | 8.00% | 8.25% |
| 2 Years | 8.25% | 8.50% |
| 3 Years | 8.25% | 8.50% |
| 5 Years | 7.50% | 7.75% |
ESAF Small Finance BankSmall Finance BankUpdated Jul 2026
Senior citizen benefit: +0.25% on select tenures
| Tenure | Regular | Senior Citizen |
|---|---|---|
| 6 Months | 7.00% | 7.25% |
| 1 Year | 8.50% | 8.75% |
| 2 Years | 9.00% | 9.25% |
| 3 Years | 8.75% | 9.00% |
| 5 Years | 8.00% | 8.25% |
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.
Are Post Office FDs safe and how do they compare to bank FDs?
Post Office Time Deposits (POTD) carry sovereign guarantee of the Government of India — unlike bank FDs which are insured only up to ₹5 lakh under DICGC. This makes Post Office FDs the safest fixed-return instrument in India. The 5-year POTD currently offers 7.50% p.a. (compounded quarterly) and qualifies for Section 80C deduction up to ₹1.5 lakh. The trade-off: no separate senior citizen rate premium (banks offer +0.50%) and less flexibility in premature withdrawal.
Are Small Finance Bank FDs safe? Should I invest in them for higher returns?
Small Finance Banks are regulated by RBI and deposits up to ₹5 lakh per depositor per bank are covered under DICGC insurance — the same protection as any scheduled commercial bank. SFBs offer significantly higher rates (7.25–9.00%) because they need to attract retail deposits to fund their microfinance and small business lending. They are a genuine option for investors seeking higher fixed returns on amounts within the DICGC limit. For amounts above ₹5 lakh, the uninsured portion carries additional risk as SFBs have a shorter operating history than large PSBs or private banks.
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.