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Which banks with higher fixed deposit rates should you trust with your savings in 2026? While the RBI has recently signaled a softer repo rate environment, savvy investors can still lock in yields of up to 8.05% by choosing the right institution. Fixed deposits remain the gold standard for capital safety in India, but the gap between a standard commercial bank and a high-yield Small Finance Bank (SFB) can be as much as 2% per annum.
Whether you value the “too big to fail” security of a public sector bank or the aggressive returns of an SFB, our updated 2026 analysis guides you toward the best fixed deposit banks in India today.
Top 5 Banks with Higher FD Rates in 2026:
| Bank Name | Highest Regular Rate | Highest Senior Citizen Rate | Best Tenure for Max Yield |
| Suryoday SFB | 8.05% | 8.10% | 5 Years |
| Bank of Baroda | 6.60% | 7.10% | 444 Days (Square Drive) |
| ICICI Bank | 6.60% | 7.10% | 2 Years 1 Day to 10 Years |
| HDFC Bank | 6.60% | 7.10% | 18 to 21 Months |
| State Bank of India | 6.45% | 7.05% | 2 to 3 Years |
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Fixed Deposit Interest Rates of 5 Leading Banks in India
Here’s a list of the top banks for fixed deposits in India:
State Bank of India
When it comes to finding safe banks for FD investments, SBI generally tops the list. As of 18 November 2025, the highest FD interest rate for regular depositors is 6.45% for the 2–3 year tenure, while senior citizens can earn up to 7.05% for 5–10 year deposits.
The current FD interest rate applicable on domestic term deposits below 3 Crore are listed below:
| Tenure | Regular Interest Rate (p.a.) | Senior Citizen Rate (p.a.) |
| 7 days to 45 days | 3.05% | 3.55% |
| 46 days to 179 days | 5.25% | 5.75% |
| 180 days to 210 days | 6.05% | 6.55% |
| 211 days to < 1 year | 6.35% | 6.85% |
| 1 year to < 2 years | 6.60% | 7.10% |
| 2 years to < 3 years | 6.60% (Highest) | 7.10% |
| 3 years to < 5 years | 6.25% | 6.75% |
| 5 years to 10 years | 6.35% | 6.85% |
| Amrit Vrishti (444 Days) | 6.60% | 7.10% (Highest) |
*Includes the additional 50 bps applicable under the SBI We-Care deposit scheme.
Note: Rates valid as of Apr 2026 and may change. Please check the latest rates before investing.
HDFC Bank
HDFC is yet another top bank for fixed deposits, offering a range of FD options including domestic deposits, NRO/NRE FDs, and 5-year tax-saver FDs. As of 18th November 2025, the highest FD rate offered is 6.60% p.a. for regular depositors and 7.10% p.a. for senior citizens.
The current FD interest rates applicable on deposits of less than 3 Crore are listed below:
| Tenure | Regular Interest Rate (p.a.) | Senior Citizen Rate (p.a.) |
| 7 – 29 days | 2.75% | 3.25% |
| 30 – 45 days | 3.25% | 3.75% |
| 46 days – 6 months | 4.25% | 4.75% |
| 6 months 1 day to 9 months | 5.50% | 6.00% |
| 9 months 1 day to < 1 year | 5.75% | 6.25% |
| 1 year to < 15 months | 6.25% | 6.75% |
| 15 months to < 18 months | 6.35% | 6.85% |
| 18 months to < 21 months | 6.45% (Highest) | 6.95% (Highest) |
| 21 months to 3 years | 6.45% | 6.95% |
| 3 years 1 day to 5 years | 6.40% | 6.90% |
| 5 years 1 day to 10 years | 6.15% | 6.65% |
Note: Rates valid as of Apr 2026 and may change. Please check the latest rates before investing.
ICICI Bank
ICICI Bank is considered one of the best fixed deposit banks in India, offering a balance of capital safety and high returns. As of 18th November 2025, regular depositors can earn up to 6.60% p.a., while senior citizens can earn up to 7.10% p.a. on deposits of less than 3 Crore.
The table below sums up the FD interest rate applicable for different tenures:
| Tenure | Regular Interest Rate (p.a.) | Senior Citizen Rate (p.a.) |
| 7 days to 45 days | 2.75% | 3.25% |
| 46 days to 90 days | 4.00% | 4.50% |
| 185 days to < 1 year | 5.50% | 6.00% |
| 1 year to < 18 months | 6.25% | 6.75% |
| 18 months to 2 years | 6.30% | 6.80% |
| 2 years 1 day to 3 years | 6.45% | 6.95% |
| 3 years 1 day to 5 years | 6.50% (Highest) | 7.10% (Highest) |
| 5 years 1 day to 10 years | 6.50% | 7.00% |
Note: Rates valid as of Apr 2026 and may change. Please check the latest rates before investing.
Bank of Baroda
Bank of Baroda is a leading public sector bank in India that’s preferred by risk-averse investors looking for fixed deposit schemes for long-term savings. Currently, Bank of Baroda’s highest FD interest rates stand at 6.60% p.a. for regular depositors and 7.10% for senior citizens for the 444 days FD scheme.
All current FD rates are outlined below:
| Tenure | Regular Interest Rate (p.a.) | Senior Citizen Rate (p.a.) |
| 7 days to 45 days | 4.25% | 4.75% |
| 46 days to 180 days | 5.50% | 6.00% |
| 181 days to 270 days | 5.75% | 6.25% |
| 1 year | 6.85% | 7.35% |
| 444 Days (bob Square) | 7.15% (Highest) | 7.65% (Highest) |
| 2 years to 3 years | 7.15% (Highest) | 7.65% (Highest) |
| Above 5 years to 10 years | 6.50% | 7.50% |
Note: Rates valid as of Apr 2026 and may change. Please check the latest rates before investing.
Suryoday Small Finance Bank
Suryoday Small Finance Bank is one of the top banks for fixed deposits in India is you want higher returns. Currently, Suryoday Small Finance Bank offers the highest FD interest rates on 5-year FDs. Regular citizens can earn up to 8.05% p.a., while senior citizens earn up to 8.10% p.a.
The latest FD interest rates for Suryoday Small Finance Bank are listed below:
| Tenure | Regular Interest Rate (p.a.) | Senior Citizen Rate (p.a.) |
| 7 days to 14 days | 4.00% | 4.15% |
| 1 year | 7.25% | 7.40% |
| 18 months | 7.60% | 7.75% |
| 30 months (2.5 Years) | 8.10% (Highest) | 8.25% (Highest) |
| 5 years (Tax Saver) | 7.90% | 8.05% |
Note: Rates valid as of Apr 2026 and may change. Please check the latest rates before investing.
Fixed Deposit Interest Comparison in India
The following table shows you the fixed deposit interest comparison in detail:
| Bank | Regular interest rate | Senior Citizen rate |
| SBI | 3.05% – 6.45% | 3.55% – 7.05% |
| HDFC Bank | 2.75% – 6.60% | 3.25% – 7.10% |
| ICICI Bank | 2.75% – 6.60% | 3.25% – 7.10% |
| Bank of Baroda | 3.50% – 6.60% | 4.00% – 7.10% |
| Suryoday Small Finance Bank | 4.00% – 8.05% (Highest) | 4.20% – 8.10% (Highest) |
Note: Rates valid as of Apr 2026 and may change. Please check the latest rates before investing.
Summary Comparison (April 2026)
| Bank | Regular Highest Rate | Senior Citizen Highest Rate |
| SBI | 6.60% | 7.10% |
| HDFC Bank | 6.45% | 6.95% |
| ICICI Bank | 6.50% | 7.10% |
| Bank of Baroda | 7.15% | 7.65% |
| Suryoday SFB | 8.10% | 8.25% |
How to Get the Highest FD Returns in 2026?
By investing in the top banks for fixed deposits, you can earn up to 8.05% p.a. (8.10% if you’re above 60 years) on your investment. You can choose from different investment tenures and FD schemes to match your goals and time horizon.
Head to GoldenPi if your goal is to secure the highest FD returns in 2026. Here, you’ll find top banks and NBFCs like Suryoday Small Finance Bank and Shriram Finance to earn FD earnings at up to 8.15% p.a.
FAQs on Top 5 Banks for Fixed Deposits
1. How to choose the best bank for FD?
You can compare the FD interest rates to find the highest FD interest rates in 2026. Apart from that, you can also review the tenure and premature withdrawal rules to find a bank FD that suits your goals.
2. Are small finance banks safe banks for FD investment?
Yes, small finance banks are regulated by the RBI and offer DICGC insurance up to ₹5 lakh per depositor. This makes them safe banks for FD investments.
Since small finance banks typically offer higher rates, investing in their FDs may mean better interest earning potential.
3. Which bank offers the highest FD returns currently?
As of 5th February 2026, the Suryoday Small Finance Bank offers the highest FD returns of 7.90% p.a. (5-year tenure) for both regular citizens and seniors.
4. What are the top private sector banks for fixed deposits?
HDFC Bank, ICICI Bank and Axis Bank are among the leading private sector banks for FDs. These banks are considered the best fixed deposit banks in India because of their stellar reputation, strong credit profiles, and multiple tenure and scheme options.
5. Which bank offers the highest FD returns currently?
As of early 2026, Suryoday Small Finance Bank offers one of the highest FD returns in India, reaching up to 8.05% p.a. for regular citizens and 8.10% p.a. for senior citizens on a 5-year tenure. Other high-yield contenders like Shriram Finance (NBFC) also offer competitive rates near 8.15% p.a.
6. Will FD rates increase in 2026?
The likelihood of a significant hike is slim. Following cumulative repo rate cuts of 125 basis points in late 2025, the market is currently in a “softening” phase. Investors are encouraged to lock in current higher rates before further downward adjustments occur.
Disclaimer:
Investments in debt securities/municipal debt securities/securitized debt instruments are subject to risks, including delay and/ or default in payment. Read all the offer-related documents carefully.
