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 7 Days Rate
3.5%
Average Rate
3.15%
Rates Verified
25 Sep 2026
FD Rates — 7 Days Tenure (sorted by highest rate)
+0.5% extra for Senior Citizens (60+)
| Bank | Type | 7 Days Rate | Senior Citizen | ₹1L for 7 Days | vs SBI |
|---|---|---|---|---|---|
|
IB
ICICI Bank 🏆 Best Rate |
Private |
3.5% |
4.0% |
₹67 interest Maturity: ₹100,067 |
+0.45% |
|
BO
Bank of Baroda |
Public Sector |
3.5% |
4.0% |
₹67 interest Maturity: ₹100,067 |
+0.45% |
|
AS
AU Small Finance |
Small Finance |
3.5% |
4.0% |
₹67 interest Maturity: ₹100,067 |
+0.45% |
|
US
Ujjivan Small Finance |
Small Finance |
3.5% |
4.25% |
₹67 interest Maturity: ₹100,067 |
+0.45% |
|
YB
Yes Bank |
Private |
3.25% |
3.75% |
₹62 interest Maturity: ₹100,062 |
+0.2% |
|
IF
IDFC First Bank |
Private |
3.25% |
3.75% |
₹62 interest Maturity: ₹100,062 |
+0.2% |
|
IB
IndusInd Bank |
Private |
3.25% |
3.75% |
₹62 interest Maturity: ₹100,062 |
+0.2% |
|
S
SBI |
Public Sector |
3.05% |
3.55% |
₹58 interest Maturity: ₹100,058 |
Benchmark |
|
AB
Axis Bank |
Private |
3.0% |
3.5% |
₹57 interest Maturity: ₹100,057 |
-0.05% |
|
P
PNB |
Public Sector |
3.0% |
3.5% |
₹57 interest Maturity: ₹100,057 |
-0.05% |
|
CB
Canara Bank |
Public Sector |
3.0% |
3.5% |
₹57 interest Maturity: ₹100,057 |
-0.05% |
|
FB
Federal Bank |
Private |
3.0% |
3.5% |
₹57 interest Maturity: ₹100,057 |
-0.05% |
|
BB
Bandhan Bank |
Small Finance |
2.95% |
3.45% |
₹56 interest Maturity: ₹100,056 |
-0.1% |
|
HB
HDFC Bank |
Private |
2.75% |
3.25% |
₹53 interest Maturity: ₹100,053 |
-0.3% |
|
KM
Kotak Mahindra Bank |
Private |
2.75% |
3.25% |
₹53 interest Maturity: ₹100,053 |
-0.3% |
ICICI Bank
Private
3.5%
Sr: 4.0%
Bank of Baroda
Public Sector
3.5%
Sr: 4.0%
AU Small Finance
Small Finance
3.5%
Sr: 4.0%
Ujjivan Small Finance
Small Finance
3.5%
Sr: 4.25%
Yes Bank
Private
3.25%
Sr: 3.75%
IDFC First Bank
Private
3.25%
Sr: 3.75%
IndusInd Bank
Private
3.25%
Sr: 3.75%
SBI
Public Sector
3.05%
Sr: 3.55%
Axis Bank
Private
3.0%
Sr: 3.5%
PNB
Public Sector
3.0%
Sr: 3.5%
Canara Bank
Public Sector
3.0%
Sr: 3.5%
Federal Bank
Private
3.0%
Sr: 3.5%
Bandhan Bank
Small Finance
2.95%
Sr: 3.45%
HDFC Bank
Private
2.75%
Sr: 3.25%
Kotak Mahindra Bank
Private
2.75%
Sr: 3.25%
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.