Fixed deposits (FDs) continue to remain one of the most preferred investment options for risk-averse investors, offering guaranteed returns and capital protection. With interest rates remaining attractive, several banks are offering up to 8.10% per annum on select tenures, making FDs a suitable option for those looking to park surplus funds, build an emergency corpus or generate regular income.
As of June 24, 2026, scheduled banks are offering FD interest rates ranging from 2.50% to 8.10% for general citizens across tenures of 7 days to 10 years. Small finance banks continue to lead the interest rate chart, while select private sector banks are offering rates significantly higher than many large lenders.
Small finance banks dominate
Small finance banks continue to offer the highest returns across various tenures, with Suryoday Small Finance Bank and Utkarsh Small Finance Bank topping the list by offering 8.10% on select deposits.
Jana Small Finance Bank, Equitas Small Finance Bank and Shivalik Small Finance Bank are offering up to 8.00%, while several private lenders such as DCB Bank, Bandhan Bank, IDFC FIRST Bank and Yes Bank also feature among the top-paying banks.
Top 10 banks offering the highest FD interest rates
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Best 1-year FD rates
Investors looking for short-term deposits can also find attractive options among small finance banks.
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Best 3-year FD rates
Three-year deposits continue to attract some of the highest rates across banks.
Public sector banks FD rates
While PSU banks do not match the rates offered by small finance banks, they remain popular for their wide branch network and perceived safety.
Among public sector lenders, Bank of India and Punjab & Sind Bank offer the highest slab rate of 6.85%, followed by Indian Bank (6.80%), Bank of Baroda (6.75%) and Central Bank of India (6.70%).
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Private banks' FD rates
Several private sector banks continue to offer higher rates than their larger peers.
IDFC FIRST Bank and CSB Bank offer up to 7.35%, followed by Jammu & Kashmir Bank (7.30%), Yes Bank (7.25%), City Union Bank (7.25%) and Dhanlaxmi Bank (7.25%).
Senior citizens earn more
Most banks continue to offer an additional 0.50 percentage point to senior citizens over regular FD rates. Some banks, including Bandhan Bank and Yes Bank, offer an additional benefit of up to 0.75 percentage point, enabling retirees to earn better returns on their deposits.
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Things to keep in mind
While higher FD rates can improve returns, investors should not choose deposits based on interest rates alone. Factors such as the bank's financial strength, tenure, liquidity needs and deposit insurance should also be considered.
Deposits of up to ₹5 lakh per depositor per bank are covered under the Deposit Insurance and Credit Guarantee Corporation (DICGC). Investors with larger amounts may consider spreading deposits across multiple banks to remain within the insurance limit while benefiting from competitive interest rates.
Published on: Jun 26, 2026 6:35 AM IST
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