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 6 Months Rate
6.5%
Average Rate
5.47%
Rates Verified
25 Sep 2026
FD Rates — 6 Months Tenure (sorted by highest rate)
+0.5% extra for Senior Citizens (60+)
| Bank | Type | 6 Months Rate | Senior Citizen | ₹1L for 6 Months | vs SBI |
|---|---|---|---|---|---|
|
IF
IDFC First Bank 🏆 Best Rate |
Private |
6.5% |
7.0% |
₹3,276 interest Maturity: ₹103,276 |
+0.85% |
|
AS
AU Small Finance |
Small Finance |
6.35% |
6.85% |
₹3,200 interest Maturity: ₹103,200 |
+0.7% |
|
YB
Yes Bank |
Private |
6.0% |
6.5% |
₹3,022 interest Maturity: ₹103,022 |
+0.35% |
|
US
Ujjivan Small Finance |
Small Finance |
6.0% |
6.75% |
₹3,022 interest Maturity: ₹103,022 |
+0.35% |
|
S
SBI |
Public Sector |
5.65% |
6.15% |
₹2,845 interest Maturity: ₹102,845 |
Benchmark |
|
P
PNB |
Public Sector |
5.6% |
6.1% |
₹2,820 interest Maturity: ₹102,820 |
-0.05% |
|
HB
HDFC Bank |
Private |
5.5% |
6.0% |
₹2,769 interest Maturity: ₹102,769 |
-0.15% |
|
IB
ICICI Bank |
Private |
5.5% |
6.0% |
₹2,769 interest Maturity: ₹102,769 |
-0.15% |
|
AB
Axis Bank |
Private |
5.5% |
6.0% |
₹2,769 interest Maturity: ₹102,769 |
-0.15% |
|
KM
Kotak Mahindra Bank |
Private |
5.5% |
6.0% |
₹2,769 interest Maturity: ₹102,769 |
-0.15% |
|
CB
Canara Bank |
Public Sector |
5.25% |
5.75% |
₹2,642 interest Maturity: ₹102,642 |
-0.4% |
|
BO
Bank of Baroda |
Public Sector |
5.0% |
5.5% |
₹2,516 interest Maturity: ₹102,516 |
-0.65% |
|
IB
IndusInd Bank |
Private |
5.0% |
5.5% |
₹2,516 interest Maturity: ₹102,516 |
-0.65% |
|
FB
Federal Bank |
Private |
4.5% |
5.0% |
₹2,263 interest Maturity: ₹102,263 |
-1.15% |
|
BB
Bandhan Bank |
Small Finance |
4.2% |
4.7% |
₹2,111 interest Maturity: ₹102,111 |
-1.45% |
IDFC First Bank
Private
6.5%
Sr: 7.0%
AU Small Finance
Small Finance
6.35%
Sr: 6.85%
Yes Bank
Private
6.0%
Sr: 6.5%
Ujjivan Small Finance
Small Finance
6.0%
Sr: 6.75%
SBI
Public Sector
5.65%
Sr: 6.15%
PNB
Public Sector
5.6%
Sr: 6.1%
HDFC Bank
Private
5.5%
Sr: 6.0%
ICICI Bank
Private
5.5%
Sr: 6.0%
Axis Bank
Private
5.5%
Sr: 6.0%
Kotak Mahindra Bank
Private
5.5%
Sr: 6.0%
Canara Bank
Public Sector
5.25%
Sr: 5.75%
Bank of Baroda
Public Sector
5.0%
Sr: 5.5%
IndusInd Bank
Private
5.0%
Sr: 5.5%
Federal Bank
Private
4.5%
Sr: 5.0%
Bandhan Bank
Small Finance
4.2%
Sr: 4.7%
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.