All Bank FD Rates Table 2026 — Compare 30+ Banks
Comparing Fixed Deposit rates across 30+ Indian banks can be overwhelming. This master table shows current FD rates from public sector banks, private banks, and small finance banks so you can quickly find the best rates for 1-year, 3-year, and 5-year terms.
Updated: May 6, 2026
Highest FD Rates — Major Banks (Verified, July 2026)
Instead of a long unverified tenure grid, here are the verified maximum rates each major bank currently offers (regular deposits below ₹3 crore, rates effective ~1 July 2026):
| Bank | Highest Rate (General) | Senior Citizen (Max) |
|---|---|---|
| Bank of Baroda | 6.75% (555-day 'BoB Golden Goal') | 7.25% |
| Punjab National Bank | 6.60% | 7.10% |
| Kotak Mahindra Bank | 6.50-6.85% (tenure-wise) | — |
| HDFC Bank | 6.50% (~3-yr; 5-yr ~6.40%) | 7.00% |
| ICICI Bank | 6.50% | 7.10% |
| Axis Bank | 6.50% | 7.25% |
| State Bank of India | 6.45% (444-day 'Amrit Vrishti') | 7.05% |
Chasing the absolute highest rate? Small finance banks currently top out around 8.10% (Shivalik SFB, per BusinessToday July 2026) — remember DICGC insurance covers only ₹5 lakh per bank per depositor, so cap your exposure per small bank accordingly.
Verified from bank rate-cards as compiled by Zee Business and BusinessToday, rates effective ~1 July 2026. Banks revise rates after RBI policy moves — always confirm on the bank's official site before booking. Facts last checked: 8 July 2026 by Priyanka Dhawan.
FD Rate Strategy for Different Investors
Conservative Investor
If you prioritize safety over returns, choose public sector banks like SBI or IDBI. You'll get sovereign protection and DICGC insurance up to ₹5 lakhs. Accept lower rates (6.25-6.40% for 5Y) in exchange for peace of mind and zero counterparty risk.
Balanced Investor
Opt for private banks like HDFC, ICICI, or Kotak. They offer better rates (6.70-6.80% for 5Y) while maintaining strong capital adequacy ratios and DICGC protection. Your money is safe and returns are competitive.
Growth-Oriented Investor
Consider Small Finance Banks for the highest FD rates (7.25-7.50% for 5Y). Ensure the bank is RBI-licensed and your total deposit doesn't exceed ₹5 lakhs per bank (DICGC limit). Spread ₹10 lakhs across 2-3 SFBs for safety with higher returns.
FD Laddering Strategy
What is FD Laddering? Instead of putting all money in one 5-year FD, split it across FDs of different maturity periods. For example, with ₹10 lakhs:
- ₹2.5L in 1-year FD (matures in 12 months)
- ₹2.5L in 2-year FD (matures in 24 months)
- ₹2.5L in 3-year FD (matures in 36 months)
- ₹2.5L in 5-year FD (matures in 60 months)
Benefits: Every year, one rung matures and you can reinvest at current rates. This smooths out interest rate risk. If rates fall, you've locked in higher rates for longer periods. If rates rise, you can reinvest the maturing amount at better rates.
Tax Impact on FD Interest
FD interest income is fully taxable as per your income tax slab. A ₹5 lakh FD earning 6.75% gives ₹33,750 annual interest, which is added to your total taxable income.
- Senior Citizens: FD interest up to ₹50,000 per year is exempt from tax (Section 194A).
- TDS: If FD interest exceeds ₹40,000 p.a., the bank will deduct 20% TDS under Section 193 (or 10% for senior citizens).
- Tax Saving Tip: Keep multiple FDs below the TDS threshold to avoid advance TDS deduction, though you'll pay tax at year-end anyway if you cross ₹50,000 total interest.
FAQ: Bank FD Rates & Strategy
Can I withdraw my FD before maturity?
Yes, but you'll face a penalty. Most banks deduct 0.5-1% from the interest earned plus a 0.25% penalty on the principal. Some banks allow penalty-free withdrawal after a certain period (usually 1 year). Pre-mature withdrawal is not recommended unless it's an emergency, as you lose the compounding benefit and pay penalties.
Which is safer: SBI or a Small Finance Bank?
Both are equally safe from a deposit perspective. SBI is backed by the Government of India, while Small Finance Banks are regulated by RBI and covered by DICGC insurance up to ₹5 lakhs. The key difference is SBI has a ₹5 lakh DICGC limit per depositor, and so does each SFB. If safety is your concern, keep deposits below ₹5 lakhs in any single bank, whether public, private, or SFB.
Should I lock money in a 5-year FD or use a ladder?
FD laddering is superior if rates are expected to rise. It also provides liquidity—every year, a portion matures. However, if rates are expected to fall, locking a 5-year FD at today's rates is better. For most investors, laddering is recommended because it gives flexibility and hedges against interest rate risk.
Do I need to file an income tax return for FD interest?
If your total income exceeds the exemption limit (₹2.5 lakhs for general individuals, ₹3 lakhs+ for senior citizens), you must file an ITR. This includes FD interest income. Even if you file ITR, keep bank interest statements and TDS certificates for documentation.