Amongst all bank categories, small finance banks are offering the highest FD interest rates. Within the scheduled small finance bank category, Suryoday Small Finance Bank is offering the highest FD interest rate of 8.51% p.a.; followed by Unity Small Finance Bank offering FD rates of 8.50% p.a. Among scheduled private sector banks, DCB Bank offers the best FD interest rates of up to 7.85% p.a for a tenure of above 700 days to 3 years. Among scheduled public sector banks, highest FD rate is offered by Union Bank of India of up to 7.30% p.a for a tenure of 800 days and 3 years.
Scheduled Banks offering highest FD interest rates – 6.50% p.a. and above
Senior citizens (of age 60 years and above) can earn fixed deposit rates of up to 9.00% p.a. on tenures ranging from 1 year to 10 years. Banks usually offer an additional FD interest rate of 50-80 bps over the regular fixed deposit rates to senior citizens. Some banks also offer additional interest rates of 20-30 bps, over and above the additional senior citizen FD rates under special FD schemes. Additionally, most banks offer preferential interest rates to super senior citizens aged 80 years and above. For instance, RBL Bank, Indian Overseas Bank, Indian Bank and Punjab National Bank offer an additional 75-80 bps over and above the regular FD rates to super senior citizens.
Banks | Interest Rates (% p.a.) | Additional interest rate for senior citizens (% p.a.) | |||
Highest FD rate | 1-year tenure | 3-year tenure | 5-year tenure | ||
Suryoday Small Finance Bank | 8.51 | 7.00 | 7.25 | 6.75 | 0.25-0.50 |
Unity Small Finance Bank | 8.50 | 7.35 | 7.65 | 7.65 | 0.50* |
Jana Small Finance Bank | 8.10 | 7.25 | 8.10 | 7.25 | 0.70 |
Shivalik Small Finance Bank | 8.00 | 7.50 | 8.00 | 7.00 | 0.50 |
Equitas Small Finance Bank | 8.00 | 7.50 | 7.75 | 7.00 | 0.50 |
ESAF Small Finance Bank | 8.00 | 5.50 | 5.75 | 5.25 | 0.50 |
Ujjivan Small Finance Bank | 8.00 | 6.50 | 7.20 | 7.20 | 0.75 |
Fincare Small Finance Bank | 8.00 | 7.25 | 7.00 | 7.00 | 0.50 |
Utkarsh Small Finance Bank | 8.00 | 7.50 | 7.50 | 7.50 | 0.75 |
DCB Bank | 7.85 | 7.25 | 7.85 | 7.60 | 0.50 |
RBL Bank | 7.80 | 7.00 | 7.00 | 7.00 | 0.50 |
SBM Bank | 7.75 | 7.05 | 7.30 | 7.75 | 0.50 |
YES Bank | 7.75 | 7.00 | 7.00 | 7.00 | 0.50** |
AU Small Finance Bank | 7.75 | 6.10 | 7.75 | 7.20 | 0.50 |
North East Small Finance Bank | 7.75 | 5.25 | 7.00 | 6.50 | 0.75 |
Bandhan Bank | 7.50 | 7.25 | 7.25 | 5.85 | 0.50-0.75 |
Induslnd Bank | 7.50 | 7.00 | 7.50 | 7.25 | 0.50-0.75 |
IDFC First Bank | 7.50 | 6.75 | 7.50 | 7.00 | 0.50 |
Union Bank of India | 7.30 | 6.30 | 7.30 | 6.70 | 0.50 |
Axis Bank | 7.26 | 6.75 | 7.00 | 7.00 | 0.25-0.75 |
*Senior citizen FD rates are offered for a tenure ranging from 46 days to 10 years
**Additional 25 bps for tenure 3 years to 10 years are offered to senior citizen FD depositors2
The rates are updated as of 2 February 2023
Suggested Read: Comparison of FD Interest Rates Offered by All Banks in 2023
Suryoday Small Finance Bank
Suryoday Small Finance Bank FD rates are in the range of 4.00-8.51% p.a. for the general public. Senior citizens FD rates range from 4.50-8.76% p.a. The bank offers FD tenures from 7 days to 10 years. The interest rate for Tax Saving FDs is 8.51% p.a. for the general public and 8.76% p.a. for senior citizen depositors.
Highest slab rate | 8.51% (for 999 days) |
For 1 year | 7.00% p.a. |
For 2 years | 8.01% p.a. |
For 3 years | 7.25% p.a. |
For 4 years | 6.75% p.a. |
For 5 years | 6.75% p.a. |
Tax-Saving FD | 6.75% p.a. |

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Unity Small Finance Bank
Unity Small Finance Bank FD rates are in the range of 4.50-8.50% p.a. for the general public. Senior citizens’ FD rates range from 4.50-9.00% p.a. The bank offers FD tenures from 7 days to 10 years.
Highest slab rate | 8.50% (for 181 days; 501 days) |
For 1 year | 7.35% p.a. |
For 2 years | 7.40% p.a. |
For 3 years | 7.65% p.a. |
For 4 years | 7.65% p.a. |
For 5 years | 7.65% p.a. |

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Jana Small Finance Bank
Jana Small Finance Bank FD rates are in the range of 3.75-8.10% p.a. for the general public. Senior citizens FD rates range from 4.70-8.80% p.a. The bank offers FD tenures from 7 days to 10 years. The interest rate for Tax Saving FDs is 7.25% p.a. for the general public and 7.95% p.a. for senior citizen depositors.
Highest slab rate | 8.10% p.a. (for above 2 years to 3 years) |
For 1 year | 7.25% p.a. |
For 2 years | 7.50% p.a. |
For 3 years | 8.10% p.a. |
For 4 years | 7.35% p.a. |
For 5 years | 7.25% p.a. |
Tax-Saving FD | 7.25% p.a. |

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Shivalik Small Finance Bank
The FD interest rates of Shivalik Small Finance Bank are in the range of 3.75-8.00% p.a. for the general public. Senior citizens’ FD rates range from 4.25-8.50% p.a. The bank offers FD tenures from 7 days to 10 years. The interest rate on Shivalik Small Finance Bank Tax Saving FDs is 7.00% p.a. for the general public and 7.50% p.a. for senior citizen depositors for tenures of 5 years to 10 years.
Highest slab rate | 8.00% (for 18 months to 36 months) |
For 1 year | 7.50% p.a. |
For 2 years | 8.00% p.a. |
For 3 years | 8.00% p.a. |
For 4 years | 7.00% p.a. |
For 5 years | 7.00% p.a. |
Tax-Saving FD | 7.00% p.a. |

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Equitas Small Finance Bank
Equitas Bank FD rates are in the range of 3.50-8.00% p.a. for the general public. Senior citizens FD rates range from 4.00-8.50% p.a. The bank offers FD tenures from 7 days to 10 years.
Highest slab rate | 8.00% p.a. (for 888 days) |
For 1 year | 7.50% p.a. |
For 2 years | 7.25% p.a. |
For 3 years | 7.75% p.a. |
For 4 years | 7.25% p.a. |
For 5 years | 7.00% p.a. |

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ESAF Small Finance Bank
ESAF FD interest rates are in the range of 4.00-8.00% p.a. for the general public. The fixed deposit interest rates for senior citizens range from 4.50-8.50% p.a. The bank offers FD tenures from 7 days to 10 years.
Highest slab rate | 8.00% p.a. (for 999 days) |
For 1 year | 5.50% p.a. |
For 2 years | 7.25% p.a. |
For 3 years | 5.75% p.a. |
For 4 years | 5.75% p.a. |
For 5 years | 5.25% p.a. |

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Ujjivan Small Finance Bank
Ujjivan Small Finance Bank FD rates are in the range of 3.75-8.00% p.a. for the general public. Senior citizens FD rates range from 4.50-8.75% p.a. The bank offers FD tenures from 7 days to 10 years. The interest rate for Tax Saving FDs is 7.20% p.a. for the general public and 7.95% p.a. for senior citizen depositors.
Highest slab rate | 8.00% (for 80 weeks) |
For 1 year | 6.50% p.a. |
For 2 years | 7.50% p.a. |
For 3 years | 7.20% p.a. |
For 4 years | 7.20% p.a. |
For 5 years | 7.20% p.a. |
Tax-Saving FD | 7.20% p.a. |

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Fincare Small Finance Bank
Fincare Small Finance Bank FD rates are in the range of 3.00-8.00% p.a. for the general public. Senior citizens FD rates range from 3.50-8.50% p.a. The bank offers FD tenures from 7 days to 84 months. The interest rate for Tax Saving FDs is 7.00% p.a. for the general public and 7.50% p.a. for senior citizen depositors.
Highest slab rate | 8.00% (for 1000 days) |
For 1 year | 7.25% |
For 2 years | 7.30% |
For 3 years | 7.00% |
For 4 years | 7.00% |
For 5 years | 7.00% |
Tax-Saving FD | 7.00% |

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Utkarsh Small Finance Bank
Utkarsh Small Finance Bank FD rates are in the range of 4.00-8.00% p.a. for the general public. The fixed deposit interest rates for senior citizens range from 4.75-8.75% p.a. The bank offers FD tenures from 7 days to 10 years. The interest rate for Tax Saving FDs is 7.50% p.a. for the general public and 8.25% p.a. for senior citizen depositors.
Highest slab rate | 8.00% p.a. (for 700 days) |
For 1 year | 7.50% p.a. |
For 2 years | 7.50% p.a. |
For 3 years | 7.50% p.a. |
For 4 years | 7.50% p.a. |
For 5 years | 7.50% p.a. |
Tax-Saving FD | 7.50% p.a. |

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DCB Bank
DCB Bank FD rates are in the range of 3.75-7.85% p.a. to the general public and 4.25-8.35% p.a. to senior citizens on tenures ranging from 7 days to 10 years. The interest rate on DCB Bank Tax Saving FDs is 7.60% p.a. for the general public and 8.10% p.a. for senior citizen depositors for tenures of 5 years.
Highest slab rate | 7.85% (for more than 700 days to 3 years ) |
For 1 year | 7.25% p.a. |
For 2 years | 7.85% p.a. |
For 3 years | 7.85% p.a. |
For 4 years | 7.60% p.a. |
For 5 years | 7.60% p.a. |
Tax-Saving FD | 7.60% p.a. |

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RBL Bank
RBL Bank FD rates are in the range of 3.25-7.80% p.a. to the general public and 3.75- 8.30% p.a. to senior citizens on tenures ranging from 7 days to 20 years. The interest rate on RBL Bank Tax Saving FDs is 7.00% p.a. for the general public and 7.50% p.a. for senior citizen depositors for tenures of 5 years.
Highest slab rate | 7.80% (from 15 months to 725 days) |
For 1 year | 7.00% p.a. |
For 2 years | 7.00% p.a. |
For 3 years | 7.00% p.a. |
For 4 years | 7.00% p.a. |
For 5 years | 7.00% p.a. |
Tax-Saving FD | 7.00% p.a. |

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SBM Bank
SBM Bank FD rates are in the range of 4.25-7.75% p.a. for the general public. Senior citizens FD rates range from 4.75-8.25% p.a. The bank offers FD tenures from 7 days to 10 years. The interest rate for Tax Saving FDs is 7.75% p.a. for the general public and 8.25% p.a. for senior citizen depositors.
Highest slab rate | 7.75% p.a. (for 5 years) |
For 1 year | 7.05% p.a. |
For 2 years | 7.30% p.a. |
For 3 years | 7.30% p.a. |
For 4 years | 7.40% p.a. |
For 5 years | 7.75% p.a. |
Tax-Saving FD | 7.75% p.a. |

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YES Bank
YES Bank FD rates are in the range of 3.25-7.75% p.a. for the general public. Senior citizens Fixed Deposit rates range from 3.75-8.25% p.a. The bank offers FD tenures from 7 days to 10 years. The interest rate for Tax Saving FDs is 7.00% p.a. for the general public.
Highest slab rate | 7.75% p.a. (for 35 months) |
For 1 year | 7.00% p.a. |
For 2 years | 7.00% p.a. |
For 3 years | 7.00% p.a. |
For 4 years | 7.00% p.a. |
For 5 years | 7.00% p.a. |
Tax-Saving FD | 7.00% p.a. |

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AU Small Finance Bank
AU Small Finance Bank FD rates are in the range of 3.75-7.75% p.a. for the general public. Senior citizens FD interest rates range from 4.25-8.25% p.a. The bank offers FD tenures from 7 days to 10 years. The interest rate on AU Small Finance Bank Tax Saving FDs is 7.20% p.a. for the general public and 7.70% p.a. for senior citizen depositors for tenures of 5 years.
Highest slab rate | 7.75% p.a. (for 24 months 1 day to 45 months) |
For 1 year | 6.10% p.a. |
For 2 years | 7.20% p.a. |
For 3 years | 7.75% p.a. |
For 4 years | 7.20% p.a. |
For 5 years | 7.20% p.a. |
Tax-Saving FD | 7.20% p.a. |

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North East Small Finance Bank
North East Small Finance Bank FD rates are in the range of 3.00-7.75% p.a. for the general public. Senior citizens FD rates range from 3.75-8.50% p.a. The bank offers FD tenures from 7 days to 3650 days.
Highest slab rate | 7.75% p.a. (for 1111 days) |
For 1 year | 5.25% p.a. |
For 2 years | 7.00% p.a. |
For 3 years | 7.00% p.a. |
For 4 years | 6.50% p.a. |
For 5 years | 6.50% p.a. |

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Bandhan Bank
The FD rates of Bandhan Bank are in the range of 3.00-7.50% p.a. to the general public and 3.75- 8.00% p.a. to senior citizens on tenures ranging from 7 days to 10 years. The interest rate on Bandhan Bank Tax Saving FDs is 5.85% p.a. for the general public and 6.60% p.a. for senior citizen depositors for tenures of 5 years to 10 years.
Highest slab rate | 7.50% (for 600 days) |
For 1 year | 7.25% p.a. |
For 2 years | 7.25% p.a. |
For 3 years | 7.25% p.a. |
For 4 years | 7.25% p.a. |
For 5 years | 5.85% p.a. |
Tax-Saving FD | 5.85% p.a. |

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IndusInd Bank
IndusInd Bank FD rates are in the range of 3.50-7.50% p.a. for the general public. Senior citizens FD rates range from 4.00-8.25% p.a. The bank offers FD tenures from 7 days to 61 months and above. The interest rate for Tax Saving FDs is 7.25% p.a. for the general public and 8.00% p.a. for senior citizen depositors.
Highest slab rate | 7.50% p.a. (for 2 years to 3 years 3 months) |
For 1 year | 7.00% p.a. |
For 2 years | 7.50% p.a. |
For 3 years | 7.50% p.a. |
For 4 years | 7.25% p.a. |
For 5 years | 7.25% p.a. |
Tax-Saving FD | 7.25% p.a. |

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IDFC First Bank
IDFC Bank FD rates are in the range of 3.50-7.50% p.a. for the general public. Senior citizens Fixed Deposit rates range from 4.00-8.00% p.a. The bank offers FD tenures from 7 days to 10 years. The interest rate for Tax Saving FDs is 7.00% p.a. for the general public and 7.50% p.a. for senior citizen depositors.
Highest slab rate | 7.50% (for 18 months 1 day to 3 years) |
For 1 year | 6.75% p.a. |
For 2 years | 7.50% p.a. |
For 3 years | 7.50% p.a. |
For 4 years | 7.00% p.a. |
For 5 years | 7.00% p.a. |
Tax-Saving FD | 7.00% p.a. |

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Union Bank of India
Union Bank of India FD rates are in the range of 3.00-7.30% p.a. to the general public and 3.50-7.80% p.a. to senior citizens on tenures ranging from 7 days to 10 years. The interest rate on Union Bank of India Tax Saving FDs is 6.70% p.a. for the general public and 7.20% p.a. for senior citizen depositors for tenures of 5 years to 10 years.
Highest slab rate | 7.30% p.a. (for 800 days; 3 years) |
For 1 year | 6.30% p.a. |
For 2 years | 6.30% p.a. |
For 3 years | 7.30% p.a. |
For 4 years | 6.70% p.a. |
For 5 years | 6.70% p.a. |
Tax-Saving FD | 6.70% p.a. |

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Axis Bank
Axis Bank FD rates are in the range of 3.50-7.26% p.a. to the general public and 3.50-8.01% p.a. to senior citizens on tenures ranging from 7 days to 10 years. The interest rate on PNB Tax Saving FDs is 7.00% p.a. for the general public and 7.75% p.a. for senior citizens for tenures of 5 years.
Highest slab rate | 7.26% (for 2 years to less than 30 months) |
For 1 year | 6.75% p.a. |
For 2 years | 7.26% p.a. |
For 3 years | 7.00% p.a. |
For 4 years | 7.00% p.a. |
For 5 years | 7.00% p.a. |
Tax-Saving FD | 7.00% p.a. |

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Please call need to do FD