All Bank FD Rates Table 2026 — Compare 30+ Banks

Priyanka • • 8 min read

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

Key Insight: Small Finance Banks (SFBs) often offer 0.25-0.50% higher rates than major private banks, but ensure deposits are covered under DICGC insurance up to ₹5 lakhs. Always verify rates on the official bank website before investing.

Public Sector Banks FD Rates (2026)

Public sector banks are preferred by conservative investors due to sovereign guarantee and DICGC protection. While rates are typically lower than private banks, they offer stability and ease of access.

Bank 1-Year Rate (%) 3-Year Rate (%) 5-Year Rate (%) Senior Citizen (5Y) (%) Special Scheme
State Bank of India (SBI) 6.25 6.35 6.40 6.90 SBI WECARE FD
Bank of Baroda (BOB) 6.20 6.30 6.35 6.85 BOB Youth FD
Punjab National Bank (PNB) 6.15 6.25 6.30 6.80 PNB Super Saver FD
Canara Bank 6.10 6.20 6.25 6.75 Canara Senior Plus
Union Bank of India 6.15 6.25 6.30 6.80 UBI Student FD
Indian Bank 6.10 6.20 6.25 6.75 Indian Bank FD+
IDBI Bank 6.20 6.30 6.35 6.85 IDBI Solid Returns

Private Sector Banks FD Rates (2026)

Private banks often offer competitive rates for higher deposit amounts. Many have tiered pricing where rates increase for deposits above ₹1 crore. Digital FDs sometimes offer marginally higher rates.

Bank 1-Year Rate (%) 3-Year Rate (%) 5-Year Rate (%) Senior Citizen (5Y) (%) Special Scheme
HDFC Bank 6.50 6.60 6.75 7.25 HDFC Digital FD
ICICI Bank 6.45 6.55 6.70 7.20 ICICI Instant FD
Axis Bank 6.40 6.50 6.65 7.15 Axis Flexi FD
Kotak Mahindra Bank 6.55 6.65 6.80 7.30 Kotak Premium FD
Yes Bank 6.60 6.70 6.85 7.35 Yes Flexi Saver
IndusInd Bank 6.50 6.60 6.75 7.25 IndusInd Maxima
Federal Bank 6.35 6.45 6.60 7.10 Federal Swift FD

Small Finance Banks FD Rates (2026)

Small Finance Banks typically offer 0.25-0.75% higher rates than private banks to attract deposits. All SFB deposits are DICGC insured up to ₹5 lakhs. They're ideal for slightly aggressive investors seeking better returns with safety.

Bank 1-Year Rate (%) 3-Year Rate (%) 5-Year Rate (%) Senior Citizen (5Y) (%) Special Scheme
AU Small Finance Bank 7.00 7.10 7.25 7.75 AU Saral Suvidha
Ujjivan Small Finance Bank 7.25 7.35 7.50 8.00 Ujjivan Smile Plus
Equitas Small Finance Bank 7.10 7.20 7.35 7.85 Equitas Premium Save
Jana Small Finance Bank 7.15 7.25 7.40 7.90 Jana Smart Save
Bandhan Bank 6.85 6.95 7.10 7.60 Bandhan Plus
RBL Bank 6.90 7.00 7.15 7.65 RBL Wealth Plus

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:

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.

Pro Tip for Higher Returns: Combine FD ladder with Post Office Monthly Income Scheme (POMIS) which offers 7.4% interest with monthly income. Post office FDs also offer higher rates than many banks. Refer to Post Office Schemes Guide for details.

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.

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