FD Interest Rate Comparison India 2026
An up-to-date comparison of annual interest rates on domestic term deposits (under ₹3 Crore) offered by major public and private banks.
| Bank Name | Regular Yield (p.a.) | Senior Citizen Rate |
|---|---|---|
| State Bank of India (SBI) | 6.80% - 7.10% | 7.30% - 7.60% |
| HDFC Bank | 7.00% - 7.25% | 7.50% - 7.75% |
| ICICI Bank | 7.00% - 7.20% | 7.50% - 7.75% |
| Axis Bank | 7.10% - 7.25% | 7.60% - 8.00% |
| Kotak Mahindra Bank | 7.15% - 7.25% | 7.65% - 7.80% |
| Punjab National Bank (PNB) | 6.75% - 7.25% | 7.25% - 7.75% |
Fixed Deposit Investing Tips
Fixed deposits remain the cornerstone of asset safety in India. Major commercial banks currently offer interest rates ranging from 6.75% to 7.25% for general tenures (1 to 3 years). Senior citizens receive an additional premium of 0.50% to 0.75%, taking their potential yields up to 8.00% in certain private banks.
To maximize liquidity and manage interest rate risk, consider a laddering strategy. Instead of putting a large sum in a single FD, split the corpus into multiple FDs maturing at different intervals (e.g. 1 year, 2 years, 3 years). This provides periodic liquidity and enables reinvestment at higher yields if interest rates rise.
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