Scheduled Banks offering the highest FD interest rates – 6.50% p.a. and above

Amongst all bank categories, small finance banks are offering the best FD interest rates. Within the scheduled small finance bank category, slice Small Finance Bank offers the highest FD interest rate of 8.50% p.a. Among scheduled private sector banks, SBM Bank offers the best FD interest rates of up to 7.75% p.a. for a tenure of 5 years. Among scheduled public sector banks, the Punjab & Sind Bank offers the highest fixed deposit interest rates of up to 7.05% p.a. on a tenure of 444 days.

Senior Citizen FD Rates

Senior citizens (aged 60 years and above) can earn fixed deposit rates of up to 8.80% p.a. on tenures ranging from 1 year to 10 years.

• Banks usually offer an additional FD interest rate of 50-75 bps over the regular fixed deposit rates to senior citizens.
• Some banks also offer additional interest rates of 10-50 bps, over and above the additional senior citizen FD rates under special FD schemes. For instance, SBI offers SBI Wecare Deposit Scheme for senior citizens, providing an additional interest rate of 50 bps (over and above the regular 50 bps premium) on fixed deposits with a tenure of 5 to 10 years.
• Additionally, most banks offer preferential interest rates to super senior citizens aged 80 years and above. For instance, RBL Bank, Indian Overseas Bank, Union Bank of India, Indian Bank, Punjab National Bank, Punjab & Sind Bank and City Union Bank offer an additional 75-80 bps over and above the regular FD rates to super senior citizens.

Listed below are the best cumulative FD schemes in terms of interest rates:-

Top 20 Scheduled Banks Offering Best FD Rates 

The rates are updated as of 10 July 2025

slice Small Finance Bank

slice Small Finance Bank FD rates are in the range of 3.50-8.50% 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 120 months.

Highest slab rate	8.50% (18 months 1 day to 18 months 2 days)
For 1 year	6.75% p.a.
For 2 years	8.25% p.a.
For 3 years	8.25% p.a.
For 4 years	7.75% p.a.
For 5 years	7.75% p.a.

Suggested Read: Comparison of FD Interest Rates Offered by Banks/NBFCs

 

Suryoday Small Finance Bank

Suryoday Small Finance Bank FD rates are in the range of 4.00-8.40% p.a. for the general public. Senior citizens FD rates range from 4.40-8.40% p.a. The bank offers FD tenures from 7 days to 10 years. The interest rate for Tax Saving FDs is 8.00% p.a. for the general public and 8.40% p.a. for senior citizen depositors.

Highest slab rate	8.40% (for 5 years)
For 1 year	7.50% p.a.
For 2 years	7.50% p.a.
For 3 years	8.15% p.a.
For 4 years	6.75% p.a.
For 5 years	8.40% p.a.
Tax-Saving FD	8.40% p.a.

Utkarsh Small Finance Bank

Utkarsh Small Finance Bank FD rates are in the range of 4.00-8.25% p.a. for the general public. The fixed deposit interest rates for senior citizens 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 7.75% p.a. for the general public and 8.25% p.a. for senior citizen depositors.

Highest slab rate	8.25% p.a. (for 2 years to 3 years)
For 1 year	6.25% p.a.
For 2 years	8.25% p.a.
For 3 years	8.25% p.a.
For 4 years	7.75% p.a.
For 5 years	7.75% p.a.
Tax-Saving FD	7.75% p.a.

Jana Small Finance Bank

Jana Small Finance Bank FD rates are in the range of 3.00-8.20% p.a. for the general public. Senior citizens FD rates range from 3.50-8.55% p.a. The bank offers FD tenures from 7 days to 10 years. The interest rate for Tax Saving FDs is 8.20% p.a. for the general public and 8.20% p.a. for senior citizen depositors.

Highest slab rate	8.20% p.a. (for 5 years)
For 1 year	7.50% p.a.
For 2 years	7.75% p.a.
For 3 years	7.75% p.a.
For 4 years	7.25% p.a.
For 5 years	8.20% p.a.
Tax-Saving FD	8.20% p.a.

Shivalik Small Finance Bank

The FD interest rates of Shivalik Small Finance Bank are in the range of 3.50-8.05% p.a. for the general public. Senior citizen’s FD rates range from 4.00-8.55% 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 6.50% p.a. for the general public and 7.00% p.a. for senior citizen depositors for tenures of 5 years to 10 years.

Highest slab rate	8.05%  (18 months to 24 months)
For 1 year	6.00% p.a.
For 2 years	8.05% p.a.
For 3 years	7.50% p.a.
For 4 years	6.50% p.a.
For 5 years	6.50% p.a.
Tax-Saving FD	6.50% p.a.

Equitas Small Finance Bank

Equitas Bank FD rates are in the range of 3.50-7.80% p.a. for the general public. Senior citizens fixed deposit rates range from 4.00-8.40% p.a. The FD tenures range from 7 days to 10 years.

Highest slab rate	7.80% (for 888 days)
For 1 year	7.60% p.a.
For 2 years	7.55% p.a.
For 3 years	7.50% p.a.
For 4 years	7.50% p.a.
For 5 years	7.25% p.a.

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% (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	7.30% p.a.
For 5 years	7.75% p.a.
Tax-Saving FD	7.75% p.a.

Unity Small Finance Bank

Unity Small Finance Bank FD rates are in the range of 4.00-7.75% 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 10 years.

Highest slab rate	7.75% p.a. (for 1001 days)
For 1 year	6.50% p.a.
For 2 years	6.75% p.a.
For 3 years	7.25% p.a.
For 4 years	7.25% p.a.
For 5 years	7.25% p.a.

Ujjivan Small Finance Bank

Ujjivan Small Finance Bank FD rates are in the range of 3.50-7.75% 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 10 years.  The interest rate for Tax Saving FDs is 7.20% p.a. for the general public and 7.70% p.a. for senior citizen depositors.

Highest slab rate	7.75% p.a. (for 24 months)
For 1 year	7.65% p.a.
For 2 years	7.75% 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.

ESAF Small Finance Bank

ESAF FD interest rates are in the range of 3.00-7.60% p.a. for the general public. The fixed deposit interest rates for senior citizens range from 3.50-8.10% p.a. The bank offers FD tenures from 7 days to 10 years.

Highest slab rate	7.60% p.a. (for 444 days)
For 1 year	4.75% p.a.
For 2 years	7.25% p.a.
For 3 years	6.00% p.a.
For 4 years	6.00% p.a.
For 5 years	5.75% p.a.

Bandhan Bank

The FD rates of Bandhan Bank are in the range of 3.00-7.40% p.a. to the general public and 3.75-7.90% p.a. to senior citizens on tenures ranging from 7 days to 10 years. The interest rate on Bandhan 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	7.40% (for 2 years to less than 3 years)
For 1 year	7.25% p.a.
For 2 years	7.40% 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	7.00% p.a.

DCB Bank

DCB Bank FD rates are in the range of 3.75-7.40% p.a. to the general public and 4.00-7.90% p.a. to senior citizens on tenures ranging from 7 days to 10 years. The interest rate on DCB Bank Tax Saving FDs is 7.00% p.a. for the general public and 7.25% p.a. for senior citizen depositors for tenures of 5 years.

Highest slab rate	7.40% (for 25 months to 26 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.

RBL Bank

RBL Bank FD rates are in the range of 3.50-7.30% p.a. to the general public and 4.00- 7.80% p.a. to senior citizens on tenures ranging from 7 days to 10 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 a tenure of 5 years. The bank offers additional interest rates of 0.75% p.a. on regular FD rates to super senior citizens aged 80 years and above.

Highest slab rate	7.30% p.a. (for 500 days)
For 1 year	7.10% p.a.
For 2 years	7.10% p.a.
For 3 years	7.10% p.a.
For 4 years	7.00% p.a.
For 5 years	7.00% p.a.
Tax-Saving FD	7.00% p.a.

AU Small Finance Bank

AU Small Finance Bank FD rates are in the range of 3.75-7.25% p.a. for the general public. Senior citizens FD interest rates range from 4.25-7.75% 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 6.75% p.a. for the general public and 7.25% p.a. for senior citizen depositors for tenures of 5 years.

Highest slab rate	7.25% (2 years 1 day to 3 years)
For 1 year	6.50% p.a.
For 2 years	7.00% 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.

YES Bank

YES Bank FD rates are in the range of 3.25-7.10% p.a. for the general public. Senior citizens fixed deposit rates range from 3.75-7.85% p.a. The bank offers FD tenures from 7 days to 10 years. The bank also offers floating rate fixed deposits with an interest rate ranging from 7.10%-7.60% p.a. for tenures 1 year to less than 3 years. The interest rates of floating rate FDs are linked to the prevailing repo rate.

Highest slab rate	7.10% p.a. (for 3 years to less than 5 years)
For 1 year	6.75% p.a.
For 2 years	7.00% p.a.
For 3 years	7.10% p.a.
For 4 years	7.10% p.a.
For 5 years	6.75% p.a.
Tax-Saving FD	6.75% p.a.

Bank of India

Bank of India FD rates are in the range of 3.00-7.00% p.a. to the general public and 3.00-7.50% p.a. to senior citizens on tenures ranging from 7 days to 5 years. The interest rate on Bank of Maharashtra Tax Saving FDs is 6.00% p.a. to the general public and 6.75% p.a. for senior citizen depositors for tenures of 5 years.

Highest slab rate	6.70% (for 450 days – Star Vaibhav for deposits less than Rs 3 crore) 7.00% (for 999 days – Green Deposit of Rs 1 lakh to Rs 10 crore)
For 1 year	6.50% p.a.
For 2 years	6.40% p.a.
For 3 years	6.25% p.a.
For 4 years	6.25% p.a.
For 5 years	6.00% p.a.
Tax-Saving FD	6.00% p.a.

Punjab & Sind Bank

Punjab & Sind Bank FD rates are in the range of 3.50-7.05% p.a. to the general public and 3.50-7.55% p.a. to senior citizens on tenures ranging from 7 days to 10 years. The interest rate on Punjab & Sind Tax Saving FD is 6.35% p.a. for the general public and 6.85% p.a. for senior citizens for tenures of 5 years.

Highest slab rate	7.05% (for 444 days)
For 1 year	6.10% p.a.
For 2 years	6.10% p.a.
For 3 years	6.00% p.a.
For 4 years	6.00% p.a.
For 5 years	6.35% p.a.
Tax-Saving FD	6.35% p.a.

IndusInd Bank

IndusInd Bank FD rates are in the range of 3.50-7.00% p.a. for the general public. Senior citizens FD rates range from 4.25-7.76% p.a. The bank offers FD tenures from 7 days to 61 months and above. The interest rate for Tax Saving FDs is 6.65% p.a. for the general public and 7.40% p.a. for senior citizen depositors.

Highest slab rate	7.00% p.a. (1 year 1 month to 2 years)
For 1 year	6.75% p.a.
For 2 years	7.00% p.a.
For 3 years	6.75% p.a.
For 4 years	6.65% p.a.
For 5 years	6.65% p.a.
Tax-Saving FD	6.65% p.a.

Federal Bank

Federal Bank FD rates are in the range of 3.00-6.85% p.a. for the general public. Senior citizens fixed deposit rates range from 3.50-7.35% p.a. The bank offers FD tenures from 7 days to 5 years & above. The interest rate on Federal Tax Saving FDs is 6.50% p.a. for the general public and 7.00% p.a. for senior citizen depositors.

Highest slab rate	6.85% p.a. (for 444 days)
For 1 year	6.50% p.a.
For 2 years	6.70% p.a.
For 3 years	6.70% p.a.
For 4 years	6.50% p.a.
For 5 years	6.50% p.a.
Tax-Saving FD	6.50% p.a.

IDFC FIRST Bank

IDFC Bank FD rates are in the range of 3.50-6.75% p.a. for the general public. Senior citizens Fixed Deposit rates range from 4.00-7.25% p.a. The bank offers FD tenures from 7 days to 10 years. The interest rate for Tax Saving FDs is 6.75% p.a. for the general public and 7.25% p.a. for senior citizen depositors.

Highest slab rate	6.75% (for 2 years 1 day to 5 years)
For 1 year	6.25% p.a.
For 2 years	6.60% p.a.
For 3 years	6.75% p.a.
For 4 years	6.75% p.a.
For 5 years	6.75% p.a.
Tax-Saving FD	6.75% p.a.

FAQs

Q. Which bank has the highest FD interest rates?

Ans: slice Small Finance Bank offers the highest FD interest rate of 9.00% p.a. for 546 days to 1111 days respectively

Q. Which public sector bank offers the best fixed deposit interest rate?

Ans: Among public sector banks, Bank of Maharashtra offers the highest fixed deposit interest rates of 7.15% p.a. for 366 days.

Q. Which private sector bank has the best FD rates?

Ans: Bandhan Bank offers the highest FD rate of 8.05% p.a. among private sector banks.

Q. Which small finance bank offers the best FD interest rate?

Ans: slice Small Finance Bank offers the highest fixed deposit rate, at 9.00% p.a.

Q. Which bank offers an FD interest rate of 8% and above?

Ans: Unity Small Finance Bank, Shivalik Small Finance Bank, Suryoday Small Finance Bank, Equitas Small Finance Bank, Jana Small Finance Bank, ESAF Small Finance Bank, Utkarsh Small Finance Bank, Ujjivan Small Finance Bank, DCB Bank, RBL Bank and YES Bank offers FD interest of 8% p.a. and above

Q: Which bank offers the highest FD interest rate for 1-year tenure?

Ans: Among the scheduled banks, Jana Small Finance Bank and Ujjivan Small Finance Bank offer the highest FD interest rates for 1-year tenure at 8.25% p.a.

Q. Which bank offers the highest FD interest rate for a 2-year tenure?

Ans: Among the scheduled banks, slice Small Finance Bank offers the highest FD interest rates for a 2-year tenure at 8.25% p.a.

Q. Which bank offers the highest FD interest rate for a 3-year tenure?

Ans: Among the scheduled banks, slice Small Finance Bank offers the highest FD interest rates for a 3-year tenure at 8.25% p.a.

Q. Which bank offers the best FD rate for a 4-year tenure?

Ans: Among the scheduled banks, Unity Small Finance Bank offers the highest FD interest rates for a 4-year tenure at 8.15% p.a.

Q. Which bank offers the best FD rate for a 5-year tenure?

Ans: Among the scheduled banks, Suryoday Small Finance Bank offers the highest FD interest rates for a 5-year tenure at 8.60% p.a.

Q. Is it safe to open fixed deposit with scheduled small finance banks?

Ans: The small finance banks are recognized by the RBI as scheduled banks, which make their depositors eligible for deposit insurance cover of up to Rs 5 lakhs, in case of a bank default. This insurance cover is provided by the DICGC, an RBI subsidiary. It covers cumulative deposits (including fixed deposits, savings accounts, current accounts and recurring deposits) of each depositor of each scheduled bank. Thus, this insurance cover makes it completely safe to open deposits (including FDs) of up to Rs 5 lakh, with small finance banks categorised as scheduled banks.