FD interest rates compared: SBI, HDFC Bank, ICICI Bank and more
Fixed deposit interest rates of the largest Indian banks for every tenure, with the date each table was last checked against the bank's own page. Senior citizens usually get 0.25–0.75% more.
Highest 1-year rate: 6.60% (HDFC Bank). Highest rate overall: 7.25% for 18 months to 629 days (HDFC Bank).
Rates by tenure (% a year)
Each cell is the best rate the bank offers for any tenure inside that range. Click a tenure to sort. Rates on special tenures (for example 444 days) appear on the bank's own page.
| Bank | 7–45 days | 46–179 days | 6 months–1 year | 1 year | 1–2 years | 2–3 years | 3–5 years | 5–10 years | Checked |
|---|---|---|---|---|---|---|---|---|---|
| HDFC Bank | 3.00% | — | — | 6.60% | 7.25% | 7.00% | 7.00% | 6.90% | 13 October 2026 |
| Bank | 7–45 days | 46–179 days | 6 months–1 year | 1 year | 1–2 years | 2–3 years | 3–5 years | 5–10 years | Checked |
|---|---|---|---|---|---|---|---|---|---|
| HDFC Bank | 3.50% | — | — | 7.10% | 7.75% | 7.50% | 7.50% | 7.40% | 13 October 2026 |
How fixed deposits work
Interest
Most banks compound FD interest every quarter and pay it at maturity (cumulative) or every month or quarter (non-cumulative). The rate is fixed for the whole tenure when you book the deposit.
Tax
FD interest is taxed at your slab rate. Banks deduct TDS at 10% once interest crosses the yearly threshold (higher for senior citizens); you can submit Form 15G/15H if your total income is below the taxable limit.
Premature withdrawal
Breaking an FD early usually costs a penalty of 0.50–1.00% on the applicable rate for the period the money stayed, and some special-tenure deposits cannot be broken at all.
Deposit insurance
Deposits with a scheduled bank are insured by DICGC up to ₹5 lakh per depositor per bank, principal and interest together.
FD calculator: maturity amount for any rate and tenure What is a fixed deposit? →
Rates are as published by each bank on the date shown and change often; confirm on the bank's own page before investing. This is information, not advice.