Best FD Rates — September 2026
Compare fixed deposit interest rates across 15 banks — Public, Private & Small Finance Banks
Quick Summary
- A Fixed Deposit (FD) locks a lump sum with a bank for a fixed tenure at a fixed interest rate — the safest common savings option, with returns guaranteed regardless of market movement.
- This page compares FD rates across 15 banks — Public Sector, Private and Small Finance Banks — for tenures from 7 days to 5 years.
- Small Finance Banks generally offer higher rates than large private/public banks, in exchange for slightly higher (though still DICGC-insured up to ₹5 lakh) risk.
- Senior citizens typically get an extra 0.5% on top of the rates shown here.
Banks Tracked
15
Best 3 Months Rate
5.25%
Average Rate
4.63%
Rates Verified
25 Sep 2026
FD Rates — 3 Months Tenure (sorted by highest rate)
+0.5% extra for Senior Citizens (60+)
| Bank | Type | 3 Months Rate | Senior Citizen | ₹1L for 3 Months | vs SBI |
|---|---|---|---|---|---|
|
IB
ICICI Bank 🏆 Best Rate |
Private |
5.25% |
5.75% |
₹1,313 interest Maturity: ₹101,313 |
+0.35% |
|
AB
Axis Bank |
Private |
5.0% |
5.5% |
₹1,250 interest Maturity: ₹101,250 |
+0.1% |
|
BO
Bank of Baroda |
Public Sector |
5.0% |
5.5% |
₹1,250 interest Maturity: ₹101,250 |
+0.1% |
|
IF
IDFC First Bank |
Private |
5.0% |
5.5% |
₹1,250 interest Maturity: ₹101,250 |
+0.1% |
|
S
SBI |
Public Sector |
4.9% |
5.4% |
₹1,225 interest Maturity: ₹101,225 |
Benchmark |
|
YB
Yes Bank |
Private |
4.75% |
5.25% |
₹1,188 interest Maturity: ₹101,188 |
-0.15% |
|
IB
IndusInd Bank |
Private |
4.75% |
5.25% |
₹1,188 interest Maturity: ₹101,188 |
-0.15% |
|
AS
AU Small Finance |
Small Finance |
4.75% |
5.25% |
₹1,188 interest Maturity: ₹101,188 |
-0.15% |
|
US
Ujjivan Small Finance |
Small Finance |
4.65% |
5.4% |
₹1,163 interest Maturity: ₹101,163 |
-0.25% |
|
P
PNB |
Public Sector |
4.5% |
5.0% |
₹1,125 interest Maturity: ₹101,125 |
-0.4% |
|
HB
HDFC Bank |
Private |
4.25% |
4.75% |
₹1,063 interest Maturity: ₹101,063 |
-0.65% |
|
CB
Canara Bank |
Public Sector |
4.25% |
4.75% |
₹1,063 interest Maturity: ₹101,063 |
-0.65% |
|
FB
Federal Bank |
Private |
4.25% |
4.75% |
₹1,063 interest Maturity: ₹101,063 |
-0.65% |
|
BB
Bandhan Bank |
Small Finance |
4.2% |
4.7% |
₹1,050 interest Maturity: ₹101,050 |
-0.7% |
|
KM
Kotak Mahindra Bank |
Private |
4.0% |
4.5% |
₹1,000 interest Maturity: ₹101,000 |
-0.9% |
ICICI Bank
Private
5.25%
Sr: 5.75%
Axis Bank
Private
5.0%
Sr: 5.5%
Bank of Baroda
Public Sector
5.0%
Sr: 5.5%
IDFC First Bank
Private
5.0%
Sr: 5.5%
SBI
Public Sector
4.9%
Sr: 5.4%
Yes Bank
Private
4.75%
Sr: 5.25%
IndusInd Bank
Private
4.75%
Sr: 5.25%
AU Small Finance
Small Finance
4.75%
Sr: 5.25%
Ujjivan Small Finance
Small Finance
4.65%
Sr: 5.4%
PNB
Public Sector
4.5%
Sr: 5.0%
HDFC Bank
Private
4.25%
Sr: 4.75%
Canara Bank
Public Sector
4.25%
Sr: 4.75%
Federal Bank
Private
4.25%
Sr: 4.75%
Bandhan Bank
Small Finance
4.2%
Sr: 4.7%
Kotak Mahindra Bank
Private
4.0%
Sr: 4.5%
FD Interest is Taxable
FD interest is added to your income and taxed at your slab rate. TDS deducted at 10% if interest > ₹40,000/year. For 30% slab, post-tax FD return = ~4.9% (at 7% FD).
DICGC Insurance
All bank FDs are insured by DICGC (RBI) up to ₹5 Lakh per depositor per bank. To be safe, spread FDs across multiple banks if you have more than ₹5 Lakh to invest.
FD vs Mutual Funds
For 5+ year goals, equity mutual funds historically return 10-15% vs FD's 6-7%. For 1-3 year goals or risk-averse investors, FDs remain a strong choice.
FD rates are indicative and sourced from bank websites and rate aggregators — they are not live and may lag actual bank rates. Always verify the current rate with the bank before investing. Rates verified: 25 September 2026.