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Fixed Deposit Interest Rates March 2026
Verified from official bank & NBFC websites. Each bank's section displays its authentic brand identity. Updated 22 March 2026.
6.25%
SBI 1-Year
6.45%
HDFC Peak
6.50%
ICICI Peak
7.60%
Best NBFC
5.25%
RBI Repo Rate
All rates verified from official bank/NBFC websites for domestic retail FDs below Rs. 3 crore. SBI retail: effective 15 Dec 2025. HDFC: 6 Mar 2026. ICICI: 10 Mar 2026. Axis: 17 Jan 2026. PNB: 24 Feb 2026 (retail); 1 Mar 2026 (Uttam); 14 Mar 2026 (bulk Rs.3–10 Cr). UCO: 11 Dec 2025. Indian Bank: 17 Jan 2026. PSB: 15 Dec 2025.
ⓘ22 Mar 2026 Update: PNB rates corrected from official pnbindia.in — 444-day peak is 6.60% (general) / 7.40% (super senior). SBI hiked bulk FD (+25 bps, 15 Mar). HDFC raised 3yr1d–4yr7m (+10 bps). New PSU banks added: UCO, Indian Bank, IOB, Central Bank, Punjab & Sind. RBI Repo Rate: 5.25% — unchanged.
State Bank of India
Public Sector · India's Largest Bank · Est. 1955
Up to 7.05%Senior Citizens
| Tenure | General (%) | Senior Citizen (%) | Super Senior 80+ (%) |
|---|---|---|---|
| 7 – 45 days | 3.05 | 3.55 | 3.65 |
| 46 – 179 days | 4.90 | 5.40 | 5.50 |
| 180 – 210 days | 5.65 | 6.15 | 6.25 |
| 211 days – <1 Year | 5.90 | 6.40 | 6.50 |
| 1 Year – <2 Years | 6.25 | 6.75 | 6.85 |
| 2 Years – <3 Years | 6.40 | 6.90 | 7.00 |
| 3 Years – <5 Years | 6.30 | 6.80 | 6.90 |
| 5 Years – 10 Years | 6.05 | 7.05* | 7.05* |
*Includes 50 bps SBI We-care premium for senior citizens (5–10 yr). SBI Patrons (80+): +10 bps over senior rate. Verified via sbi.co.in on 22 March 2026.
| Tenure | General (%) | Senior (%) | Mar 2026 Revision |
|---|---|---|---|
| 7 – 14 days | 4.50 | 5.00 | — |
| 15 – 45 days | 5.00 | 5.50 | — |
| 46 – 179 days | 5.35 | 5.85 | +25 bps |
| 180 days – <1 Year | 5.85 | 6.35 | +25 bps |
| 1 Year – <2 Years | 6.50 | 7.00 | +25 bps |
| 2 Years – <3 Years | 6.15 | 6.65 | — |
| 3 – 5 Years | 6.00 | 6.50 | — |
| 5 – 10 Years | 6.00 | 6.50 | — |
Bulk FD rates revised w.e.f. 15 March 2026. Premature penalty: 1% across all bulk tenures. Source: sbi.co.in
| Scheme | Tenure | General (%) | Senior (%) |
|---|---|---|---|
| Amrit VrishtiPopular | 444 Days | 6.45 | 6.95 |
| SBI We-careSenior Only | 5–10 Years | — | 7.05 |
| Sarvottam (Non-Callable) | 1 Year | 6.60 | 7.10 |
| Sarvottam (Non-Callable) | 2 Years | 6.60 | 7.10 |
| Green Rupee TD | 1111/1777/2222 days | Card – 10 bps | Card – 10 bps |
| Tax Saver FD (80C) | 5 Years (lock-in) | 6.05 | 7.05 |
Amrit Vrishti rate revised to 6.45% w.e.f. 15 Dec 2025 (was 6.60%). Sarvottam: no premature withdrawal. Tax Saver: 5-yr lock-in. Verify at sbi.co.in
Punjab National Bank
Public Sector · 2nd Largest PSU Bank · Est. 1894
Up to 7.50%Super Senior (Uttam 444d)
| Tenure | General (%) | Senior (%) | Super Senior 80+ (%) |
|---|---|---|---|
| 7 – 14 days | 3.00 | 3.50 | 3.80 |
| 15 – 45 days | 3.00 | 3.50 | 3.80 |
| 46 – 90 days | 4.50 | 5.00 | 5.30 |
| 91 – 154 days | 4.90 | 5.40 | 5.70 |
| 155 days | 5.55 | 6.05 | 6.35 |
| 156 – 179 days | 4.90 | 5.40 | 5.70 |
| 180 – 302 days | 5.60 | 6.10 | 6.40 |
| 303 days | 5.55 | 6.05 | 6.35 |
| 304 days – <1 Year | 5.60 | 6.10 | 6.40 |
| 1 Year exactly | 6.25 | 6.75 | 7.05 |
| >1 Year – 443 days | 6.30 | 6.80 | 7.10 |
| 444 DaysHighest | 6.60 | 7.10 | 7.40 |
| 445 days – 2 Years | 6.30 | 6.80 | 7.10 |
| >2 – 3 Years | 6.30 | 6.80 | 7.10 |
| >3 Years – 1203 days | 6.10 | 6.60 | 6.90 |
| 1204 days (Palaash) | 6.05 | 6.55 | 6.85 |
| 1205 days – 5 Years | 6.10 | 6.60 | 6.90 |
| >5 Years – 10 Years | 6.00 | 6.80 | 6.80 |
Senior (60–79 yr): +50 bps (up to 5 yr), +80 bps (above 5 yr). Super Senior (80+): +80 bps all tenures. 155-day and 303-day buckets have slightly lower rates than adjacent slabs. Source: pnbindia.in
| Tenure | General (%) | Senior (%) | Super Senior 80+ (%) |
|---|---|---|---|
| 91 – 154 days | 5.00 | 5.50 | 5.80 |
| 155 days | 5.65 | 6.15 | 6.45 |
| 156 – 179 days | 5.00 | 5.50 | 5.80 |
| 180 – 302 days | 5.70 | 6.20 | 6.50 |
| 303 days | 5.65 | 6.15 | 6.45 |
| 304 days – <1 Year | 5.70 | 6.20 | 6.50 |
| 1 Year exactly | 6.35 | 6.85 | 7.15 |
| >1 Year – 443 days | 6.40 | 6.90 | 7.20 |
| 444 DaysPeak | 6.70 | 7.20 | 7.50 |
| 445 days – 2 Years | 6.40 | 6.90 | 7.20 |
| >2 – 3 Years | 6.40 | 6.90 | 7.20 |
| >3 Years – 1203 days | 6.20 | 6.70 | 7.00 |
| 1204 days (Palaash) | 6.15 | 6.65 | 6.95 |
| 1205 days – 5 Years | 6.20 | 6.70 | 7.00 |
| >5 Years – 10 Years | 6.10 | 6.90 | 6.90 |
PNB Uttam Non-Callable: above Rs.1 Cr to <Rs.3 Cr. No premature withdrawal. Rates w.e.f. 01 Mar 2026. Bulk (Rs.3–10 Cr) revised w.e.f. 14 Mar 2026. Source: pnbindia.in
| Scheme | Tenure | General (%) | Senior (%) | Super Senior (%) |
|---|---|---|---|---|
| PNB 444-Day FDTop Pick | 444 Days | 6.60 | 7.10 | 7.40 |
| PNB 390-Day FD | 390 Days | 6.20 | 6.70 | 7.00 |
| PNB Palaash Green | 1204 Days (~3.3 yr) | 6.05 | 6.55 | 6.85 |
| PNB Palaash Green | 1895 Days (~5.2 yr) | 6.00 | 6.80 | 6.80 |
| PNB Tax Saver (80C) | 5 Years (lock-in) | 6.00 | 6.80 | 6.80 |
PNB 444-day is the bank's peak scheme (7.40% for super seniors). The 1204-day and 1895-day Palaash tenures commemorate PNB's foundation day (12 April 1895). Source: pnbindia.in
Bank of Baroda
Public Sector · India's International Bank · Est. 1908
Up to 7.00%Senior Citizens
📅 Effective March 2026 | bankofbaroda.in ↗
| Tenure | General (%) | Senior (%) |
|---|---|---|
| 7 – 14 days | 3.00 | 3.50 |
| 15 – 45 days | 3.50 | 4.00 |
| 46 – 90 days | 4.50 | 5.00 |
| 91 – 180 days | 5.50 | 6.00 |
| 181 days – <1 Year | 6.00 | 6.50 |
| 1 Year – 2 YearsBest | 6.50 | 7.00 |
| 2 – 3 Years | 6.50 | 7.00 |
| 3 – 5 Years | 6.50 | 7.00 |
| 5 – 10 Years | 6.50 | 7.00 |
BoB offers consistent 6.50%/7.00% from 1 year onwards. Source: bankofbaroda.in
Canara Bank
Public Sector · Bengaluru HQ · Est. 1906
Up to 7.25%555-Day Scheme
📅 Effective March 2026 | canarabank.com ↗
| Tenure | General (%) | Senior (%) |
|---|---|---|
| 7 – 45 days | 3.25 | 3.75 |
| 46 – 90 days | 4.50 | 5.00 |
| 91 – 179 days | 5.50 | 6.00 |
| 180 days – <1 Year | 6.15 | 6.65 |
| 1 Year – <2 Years | 6.70 | 7.20 |
| 555 DaysSpecial | 6.75 | 7.25 |
| 2 Years – <3 Years | 6.70 | 7.20 |
| 3 – 10 Years | 6.50 | 7.00 |
Canara's 555-day scheme is the highest among PSU banks. Source: canarabank.com
Union Bank of India
Public Sector · Merged with Andhra & Corporation Bank
Up to 7.00%Senior Citizens
📅 Effective March 2026 | unionbankofindia.co.in ↗
| Tenure | General (%) | Senior (%) |
|---|---|---|
| 7 – 14 days | 3.00 | 3.50 |
| 15 – 90 days | 4.50 | 5.00 |
| 91 – 180 days | 5.50 | 6.00 |
| 181 days – <1 Year | 6.25 | 6.75 |
| 1 Year – 2 YearsBest | 6.50 | 7.00 |
| 2 – 3 Years | 6.50 | 7.00 |
| 3 – 5 Years | 6.50 | 7.00 |
| 5 – 10 Years | 6.50 | 7.00 |
Source: unionbankofindia.co.in
Bank of India
Public Sector · Star Bank · Est. 1906
Up to 7.00%Senior Citizens
📅 Effective March 2026 | bankofindia.co.in ↗
| Tenure | General (%) | Senior (%) |
|---|---|---|
| 7 – 45 days | 3.00 | 3.50 |
| 46 – 90 days | 4.50 | 5.00 |
| 91 – 180 days | 5.50 | 6.00 |
| 181 days – <1 Year | 6.00 | 6.50 |
| 1 YearBest | 6.50 | 7.00 |
| 2 – 3 Years | 6.25 | 6.75 |
| 3 – 5 Years | 6.25 | 6.75 |
| 5 – 10 Years | 6.00 | 6.50 |
Source: bankofindia.co.in
Bank of Maharashtra
Public Sector · Pune HQ · Est. 1935
Up to 7.05%Senior Citizens
📅 Effective March 2026 | bankofmaharashtra.in ↗
| Tenure | General (%) | Senior (%) |
|---|---|---|
| 7 – 30 days | 3.00 | 3.50 |
| 31 – 90 days | 4.50 | 5.00 |
| 91 – 180 days | 5.75 | 6.25 |
| 181 days – <1 Year | 6.00 | 6.50 |
| 1 YearBest | 6.55 | 7.05 |
| 2 – 3 Years | 6.50 | 7.00 |
| 3 – 5 Years | 6.50 | 7.00 |
| 5 – 10 Years | 6.25 | 6.75 |
Source: bankofmaharashtra.in
IDBI Bank
Public Sector · Divestment Pending · IDBI Utsav FD 6.95%
Up to 7.45%Senior (Utsav FD)
📅 Effective March 2026 | idbibank.in ↗
| Tenure | General (%) | Senior (%) |
|---|---|---|
| 7 – 30 days | 3.00 | 3.50 |
| 31 – 90 days | 4.25 | 4.75 |
| 91 – 180 days | 5.25 | 5.75 |
| 181 days – <1 Year | 5.75 | 6.25 |
| 1 Year – 2 YearsBest Std. | 6.50 | 7.00 |
| IDBI Utsav FDSpecial | 6.95 | 7.45 |
| 2 – 3 Years | 6.50 | 7.00 |
| 3 – 5 Years | 6.25 | 6.75 |
| 5 – 10 Years | 6.25 | 6.75 |
IDBI Utsav FD: highest-yielding PSU special scheme (6.95% gen / 7.45% sr). Source: idbibank.in
Central Bank of India
Public Sector · First Indian-Owned Bank · Est. 1911
Up to 6.75%Senior Citizens
📅 Rates effective 5 March 2026 | centralbankofindia.co.in ↗
| Tenure | General (%) | Senior (%) | Super Senior 80+ (%) |
|---|---|---|---|
| 7 – 14 days | 3.00 | 3.50 | 3.75 |
| 15 – 30 days | 3.00 | 3.50 | 3.75 |
| 31 – 45 days | 3.50 | 4.00 | 4.25 |
| 46 – 90 days | 4.50 | 5.00 | 5.25 |
| 91 – 179 days | 5.00 | 5.50 | 5.75 |
| 180 – 364 days | 5.75 | 6.25 | 6.50 |
| 1 Year – 2 YearsBest | 6.25 | 6.75 | 7.00 |
| 2 – 3 Years | 6.25 | 6.75 | 7.00 |
| 3 – 5 Years | 6.25 | 6.75 | 7.00 |
| 5 – 10 Years | 6.00 | 6.50 | 6.75 |
Min deposit: Rs. 100. Senior citizens get additional 0.50% for all tenures. Super senior citizens (80+): additional 0.75%. DICGC insured. Source: centralbankofindia.co.in
UCO Bank
Public Sector · Kolkata HQ · Est. 1943 · Formerly United Commercial Bank
Up to 6.95%Senior (444d)
📅 Rates effective 11 December 2025 | uco.bank.in ↗
| Tenure | General (%) | Senior (%) |
|---|---|---|
| 7 – 14 days | 2.90 | 3.15 |
| 15 – 30 days | 3.00 | 3.25 |
| 31 – 90 days | 4.50 | 4.75 |
| 91 – 180 days | 5.25 | 5.50 |
| 181 days – <1 Year | 6.10 | 6.35 |
| 1 Year – <2 Years | 6.50 | 7.00 |
| 333 DaysSpecial | 6.30 | 6.55 |
| 444 DaysHighest | 6.45 | 6.95 |
| 2 – 3 Years | 6.50 | 7.00 |
| 3 – 5 Years | 6.50 | 7.00 |
| 5 – 10 Years | 5.50 | 6.00 |
UCO 444-day special: 6.45% (general) / 6.95% (senior) — the bank's peak rate. Senior: +0.25% up to 1 yr, +0.50% above 1 yr. DICGC insured. Source: uco.bank.in
Indian Bank
Public Sector · Chennai HQ · Est. 1907 · IND Secure & IND Green Schemes
Up to 6.95%Super Senior Citizens
📅 Rates w.e.f. 17 January 2026 | indianbank.bank.in ↗
| Tenure | General (%) | Senior (%) | Super Senior 80+ (%) |
|---|---|---|---|
| 7 – 14 days | 2.80 | 3.30 | 3.55 |
| 15 – 30 days | 2.80 | 3.30 | 3.55 |
| 31 – 90 days | 4.00 | 4.50 | 4.75 |
| 91 – 180 days | 5.00 | 5.50 | 5.75 |
| 181 days – <1 Year | 6.10 | 6.60 | 6.85 |
| 1 Year – 2 YearsBest Std. | 6.10 | 6.60 | 6.95 |
| 2 – 3 Years | 6.25 | 6.75 | 7.00 |
| 3 – 5 Years | 6.25 | 6.75 | 7.00 |
| 5 – 10 Years | 6.00 | 6.50 | 6.75 |
Senior: +0.50% for all tenures. Super senior (80+): +0.75% on select schemes. DICGC insured. Source: indianbank.bank.in
| Scheme Name | Tenure | General (%) | Senior (%) |
|---|---|---|---|
| IND SecurePopular | 444 Days | 6.30 | 6.80 |
| IND GreenEco | 555 Days | 6.30 | 6.80 |
| IND Supreme 2.0New Feb 2026 | 300 Days | 6.10 | 6.60 |
| IND Tax Saver (80C) | 5 Years (lock-in) | 6.25 | 6.75 |
IND Supreme 2.0 launched 4 Feb 2026 for 300-day tenure. IND Secure (444d) valid till Apr 2026. IND Green (555d) — green/sustainable projects. Source: indianbank.bank.in
Indian Overseas Bank (IOB)
Public Sector · Chennai HQ · Est. 1937 · Global Presence
Up to 7.10%Super Senior Citizens
📅 Effective March 2026 | iob.in ↗
| Tenure | General (%) | Senior (%) | Super Senior 80+ (%) |
|---|---|---|---|
| 7 – 14 days | 3.50 | 4.00 | 4.25 |
| 15 – 30 days | 3.50 | 4.00 | 4.25 |
| 31 – 90 days | 4.00 | 4.50 | 4.75 |
| 91 – 180 days | 5.50 | 6.00 | 6.25 |
| 181 days – <1 Year | 6.00 | 6.50 | 6.75 |
| 1 Year – 2 YearsBest | 6.60 | 7.10 | 7.10 |
| 444 DaysSpecial | 6.60 | 7.10 | 7.10 |
| 2 – 3 Years | 6.50 | 7.00 | 7.00 |
| 3 – 5 Years | 6.50 | 7.00 | 7.00 |
| 5 – 10 Years | 6.10 | 6.60 | 6.85 |
IOB peak: 6.60% (general) / 7.10% (senior/super senior) at 1yr–2yr and 444-day special scheme. Senior: +0.50%, Super senior (80+): +0.75%. DICGC insured. Source: iob.in
Punjab & Sind Bank
Public Sector · New Delhi HQ · Est. 1908 · PSB Green Earth Schemes
Up to 7.30%Super Senior (444d)
📅 Rates w.e.f. 15 December 2025 | psbindia.com ↗
| Tenure | General (%) | Senior (%) | Super Senior 80+ (%) |
|---|---|---|---|
| 7 – 14 days | 2.85 | 2.85 | 2.85 |
| 15 – 30 days | 2.85 | 2.85 | 2.85 |
| 31 – 90 days | 4.00 | 4.00 | 4.00 |
| 91 – 179 days | 5.00 | 5.50 | 5.65 |
| 180 – 364 days | 6.00 | 6.50 | 6.65 |
| 1 Year – 2 YearsBest | 6.10 | 6.60 | 6.75 |
| 2 – 3 Years | 6.10 | 6.60 | 6.75 |
| 3 – 5 Years | 6.00 | 6.50 | 6.65 |
| 5 – 10 Years | 6.00 | 6.50 | 6.65 |
Senior: +0.50% for tenures ≥180 days. Super Senior (80+): +0.15% extra over senior rates. DICGC insured. Source: psbindia.com
| Scheme Name | Tenure | General (%) | Senior (%) | Super Senior (%) |
|---|---|---|---|---|
| PSB Dhan LakshmiPopular | 444 Days | 6.60 | 7.10 | 7.30 |
| PSB Special FD | 375 Days | 6.25 | 6.75 | 6.90 |
| PSB Special FD | 999 Days | 6.00 | 6.50 | 6.65 |
| PSB Green EarthEco | 22 Months | 6.80 | 7.00 | 7.15 |
| PSB Green Earth | 44 Months | 6.55 | 6.75 | 6.90 |
| PSB Tax Saver (80C) | 5 Years | 6.00 | 6.50 | 6.65 |
PSB Dhan Lakshmi 444-day: best rate at 6.60% general / 7.10% senior / 7.30% super senior. PSB Green Earth supports sustainable projects. Source: psbindia.com
HDFC Bank
Private · India's Largest Private Bank · Est. 1994
Up to 7.00%Senior Citizens
📅 Rates revised w.e.f. 6 Mar 2026 (+10 bps on 3yr1d–4yr7m) | hdfcbank.com ↗
| Tenure | General (%) | Senior (%) |
|---|---|---|
| 7 – 14 days | 2.75 | 3.25 |
| 15 – 29 days | 2.75 | 3.25 |
| 30 – 90 days | 4.00 | 4.50 |
| 91 days – 6 months | 4.50 | 5.00 |
| 6 months – <9 months | 5.75 | 6.25 |
| 9 months – <1 Year | 5.75 | 6.25 |
| 1 Year | 6.25 | 6.75 |
| 1yr 1day – 18 months | 6.30 | 6.80 |
| 18 months – 21 monthsPeak | 6.45 | 6.95 |
| 21 months – 3yr 1 day | 6.30 | 6.80 |
| 3yr 1day – <4yr 7mMar Hike | 6.50 | 7.00 |
| 4yr 7m – 5 Years | 6.25 | 6.75 |
| 5yr 1day – 10 Years | 6.15 | 6.65 |
HDFC peak rate: 6.45% (general) / 6.95% (senior) at 18–21 months. 3yr1d–4yr7m raised to 6.50% (general) / 7.00% (senior) w.e.f. 6 Mar 2026. Source: hdfcbank.com
ICICI Bank
Private · 2nd Largest Private Bank · Est. 1994
Up to 7.10%Senior Citizens
📅 Revised w.e.f. 10 March 2026 | icicibank.com ↗
| Tenure | General (%) | Senior (%) |
|---|---|---|
| 7 – 14 days | 2.75 | 3.25 |
| 15 – 29 days | 3.00 | 3.50 |
| 30 – 90 days | 4.25 | 4.75 |
| 91 – 184 days | 4.50 | 5.00 |
| 185 days – <1 Year | 5.75 | 6.25 |
| 1 Year – <15 months | 6.25 | 6.75 |
| 15 months – <18 monthsPeak | 6.50 | 7.10 |
| 18 months – 2 Years | 6.50 | 7.00 |
| 2 Years – 3 Years | 6.50 | 7.00 |
| 3yr 1day – 5 YearsPeak | 6.50 | 7.10 |
| 5yr 1day – 10 Years | 6.20 | 6.70 |
ICICI peak: 6.50% general on multiple tenures; senior peak 7.10% at 15m–18m and 3yr1d–5yr. Golden Years FD (5yr+): +0.10% for seniors. Source: icicibank.com
Axis Bank
Private · 3rd Largest Private Bank · Est. 1993
Up to 7.20%Senior Citizens
📅 Revised w.e.f. 17 January 2026 | axisbank.com ↗
| Tenure | General (%) | Senior (%) |
|---|---|---|
| 7 – 29 days | 3.00 | 3.50 |
| 30 – 90 days | 4.25 | 4.75 |
| 91 – 180 days | 5.25 | 5.75 |
| 181 days – <1 Year | 5.75 | 6.25 |
| 1 Year – 13 monthsPeak | 6.45 | 7.20 |
| 13 months – 18 months | 6.45 | 7.20 |
| 18 months – 2 Years | 6.25 | 6.75 |
| 2 Years – 30 months | 6.25 | 6.75 |
| 30 months – 5 Years | 6.25 | 7.00 |
| 5 – 10 Years | 6.10 | 6.75 |
Axis Bank peak: 6.45% (general) / 7.20% (senior) at 1yr–13m. Seniors get 0.75% extra on 30m–5yr (above standard 0.50%). Source: axisbank.com
Kotak Mahindra Bank
Private · Digital-First Banking · Est. 2003
Up to 7.00%Senior Citizens
📅 Effective March 2026 | kotak.com ↗
| Tenure | General (%) | Senior (%) |
|---|---|---|
| 7 – 14 days | 2.75 | 3.25 |
| 15 – 30 days | 3.00 | 3.50 |
| 31 – 90 days | 4.50 | 5.00 |
| 91 – 120 days | 5.50 | 6.00 |
| 121 – 364 days | 6.00 | 6.50 |
| 1 Year – 2 YearsBest | 6.50 | 7.00 |
| 2 – 3 Years | 6.50 | 7.00 |
| 3 – 4 Years | 6.50 | 7.00 |
| 4 – 5 Years | 6.20 | 6.70 |
Source: kotak.com
IDFC First Bank
Private · High-Yield FD Leader · Est. 2018
Up to 7.50%Senior Citizens
📅 Effective March 2026 | idfcfirstbank.com ↗
| Tenure | General (%) | Senior (%) |
|---|---|---|
| 7 – 29 days | 3.50 | 4.00 |
| 30 – 90 days | 4.50 | 5.00 |
| 91 – 180 days | 5.75 | 6.25 |
| 181 days – <1 Year | 6.25 | 6.75 |
| 1 Year – 500 daysBest | 7.00 | 7.50 |
| 500 days – 3 Years | 7.00 | 7.50 |
| 3 – 5 Years | 6.75 | 7.25 |
| 5 – 10 Years | 6.50 | 7.00 |
IDFC First offers the highest 1-yr rate among major private banks. Source: idfcfirstbank.com
IndusInd Bank
Private · Pan-India Operations · Est. 1994
Up to 7.75%Senior Citizens
📅 Effective March 2026 | indusind.com ↗
| Tenure | General (%) | Senior (%) |
|---|---|---|
| 7 – 14 days | 3.50 | 4.00 |
| 15 – 90 days | 4.25 | 4.75 |
| 91 – 180 days | 5.75 | 6.25 |
| 181 days – <1 Year | 6.25 | 6.75 |
| 1 Year – 2 YearsPeak | 7.25 | 7.75 |
| 2 – 3 Years | 7.00 | 7.50 |
| 3 – 5 Years | 6.75 | 7.25 |
| 5 – 10 Years | 6.25 | 6.75 |
Source: indusind.com
Yes Bank
Private · Restructured & Recapitalised · DICGC Insured
Up to 8.00%Senior Citizens
📅 Effective March 2026 | yesbank.in ↗
| Tenure | General (%) | Senior (%) |
|---|---|---|
| 7 – 14 days | 3.25 | 3.75 |
| 15 – 45 days | 3.75 | 4.25 |
| 46 – 90 days | 4.75 | 5.25 |
| 91 – 180 days | 5.75 | 6.25 |
| 181 days – 1 Year | 6.50 | 7.00 |
| 18 monthsPeak | 7.50 | 8.00 |
| 2 Years | 7.25 | 7.75 |
| 3 – 5 Years | 7.00 | 7.75 |
Yes Bank is DICGC insured up to Rs. 5 Lakh. Source: yesbank.in
Federal Bank
Private · Kerala-Based Pan-India · Est. 1931
Up to 7.50%Senior Citizens
📅 Effective March 2026 | federalbank.co.in ↗
| Tenure | General (%) | Senior (%) |
|---|---|---|
| 7 – 14 days | 3.00 | 3.50 |
| 15 – 90 days | 4.00 | 4.50 |
| 91 – 180 days | 5.50 | 6.00 |
| 181 days – 1 Year | 6.00 | 6.50 |
| 1 Year – 18 monthsBest | 7.00 | 7.50 |
| 18 months – 2 Years | 6.80 | 7.30 |
| 2 – 3 Years | 6.80 | 7.30 |
| 3 – 5 Years | 6.60 | 7.10 |
Source: federalbank.co.in
Bandhan Bank
Private · Microfinance-Origin · DICGC Insured · Est. 2015
Up to 8.05%Senior Citizens
📅 Effective March 2026 | bandhanbank.com ↗
| Tenure | General (%) | Senior (%) |
|---|---|---|
| 7 – 30 days | 3.00 | 3.75 |
| 31 – 90 days | 4.50 | 5.25 |
| 91 – 180 days | 5.50 | 6.25 |
| 181 days – 1 Year | 5.85 | 6.60 |
| 1 Year – 2 YearsBest | 7.55 | 8.05 |
| 2 – 3 Years | 7.25 | 7.75 |
| 3 – 5 Years | 7.15 | 7.65 |
| 5 – 10 Years | 6.00 | 6.60 |
DICGC insured. Source: bandhanbank.com
AU Small Finance Bank
SFB · Jaipur HQ · DICGC Insured · Est. 2017
Up to 8.00%Senior Citizens
📅 March 2026 | aubank.in ↗
| Tenure | General (%) | Senior (%) |
|---|---|---|
| 7–30 days | 3.75 | 4.25 |
| 31–90 days | 4.50 | 5.00 |
| 91–180 days | 6.00 | 6.50 |
| 181 days–1 Year | 6.50 | 7.00 |
| 1 Year–18 monthsPeak | 7.50 | 8.00 |
| 18m–2 Years | 7.25 | 7.75 |
| 2–3 Years | 7.00 | 7.50 |
| 3–5 Years | 7.00 | 7.50 |
| 5–10 Years | 6.75 | 7.25 |
DICGC insured up to Rs. 5 Lakh. Source: aubank.in
Ujjivan Small Finance Bank
SFB · Bengaluru HQ · DICGC Insured · Est. 2017
Up to 8.25%Senior Citizens
📅 March 2026 | ujjivansfb.in ↗
| Tenure | General (%) | Senior (%) |
|---|---|---|
| 7–30 days | 3.75 | 4.25 |
| 31–90 days | 5.00 | 5.50 |
| 91–180 days | 6.00 | 6.50 |
| 181 days–1 Year | 6.50 | 7.00 |
| 12–24 monthsPeak | 7.75 | 8.25 |
| 2–3 Years | 7.50 | 8.00 |
| 3–5 Years | 7.00 | 7.50 |
DICGC insured. Source: ujjivansfb.in
Utkarsh Small Finance Bank
SFB · Varanasi HQ · DICGC Insured · Highest Bank Rate
Up to 8.50%Senior Citizens
📅 March 2026 | utkarsh.bank ↗
| Tenure | General (%) | Senior (%) |
|---|---|---|
| 7–30 days | 4.00 | 4.50 |
| 31–90 days | 5.50 | 6.00 |
| 91–180 days | 6.50 | 7.00 |
| 181 days–1 Year | 7.00 | 7.50 |
| 1 Year–2 YearsHighest in India | 8.00 | 8.50 |
| 2–3 Years | 7.75 | 8.25 |
| 3–5 Years | 7.50 | 8.00 |
| 5 Years | 7.25 | 7.75 |
Utkarsh SFB leads all scheduled banks in India on 1-yr rate (8.00%). DICGC insured. Source: utkarsh.bank
Jana Small Finance Bank
SFB · Bengaluru HQ · DICGC Insured · Est. 2018
Up to 8.25%Senior Citizens
📅 March 2026 | janabank.com ↗
| Tenure | General (%) | Senior (%) |
|---|---|---|
| 7–14 days | 3.50 | 4.00 |
| 15–90 days | 5.00 | 5.50 |
| 91–180 days | 6.25 | 6.75 |
| 181 days–1 Year | 7.00 | 7.50 |
| 1 Year–2 YearsPeak | 7.75 | 8.25 |
| 2–3 Years | 7.50 | 8.00 |
| 3–5 Years | 7.25 | 7.75 |
DICGC insured. Source: janabank.com
⚠NBFC FDs are NOT covered by DICGC insurance. Invest only in AAA/AA+ rated institutions. Higher returns come with marginally higher credit risk.
Bajaj Finance
NBFC · CRISIL AAA/Stable · ICRA AAA/Stable
Up to 7.45%General (24–35m)
📅 March 2026 | bajajfinserv.in ↗
| Tenure (Months) | General (%) | Senior (%) |
|---|---|---|
| 12–14 months | 6.60 | 6.95 |
| 15–23 months | 7.00 | 7.35 |
| 24–35 monthsBest | 7.45 | 7.80 |
| 36–60 months | 6.95 | 7.30 |
Min: Rs. 15,000. Tenure: 12–60 months only. Senior +0.35% p.a. Not DICGC insured. TDS above Rs. 10,000/yr. Source: bajajfinserv.in
Shriram Finance
NBFC · CRISIL AA+/Stable · CARE AA+/Stable
Up to 8.10%Senior Citizens (24m)
📅 March 2026 | shriramfinance.in ↗
| Tenure | General (%) | Senior (%) |
|---|---|---|
| 12 months | 7.00 | 7.50 |
| 15 months | 7.25 | 7.75 |
| 24 monthsHighest NBFC | 7.60 | 8.10 |
| 36 months | 7.50 | 8.00 |
| 48–60 months | 7.25 | 7.75 |
Highest NBFC FD rate in India (7.60% / 8.10%). Premature closure after 6m: 2% penalty. Source: shriramfinance.in
PNB Housing Finance
HFC · CRISIL AA+/Stable · Regulated by NHB
Up to 7.15%Senior Citizens
📅 5 May 2025 | pnbhousing.com ↗
| Tenure | General (%) | Senior (%) |
|---|---|---|
| 12–23 months | 6.60 | 6.85 |
| 24–35 months | 6.75 | 7.00 |
| 36–47 monthsBest | 6.90 | 7.15 |
| 48–59 months | 6.80 | 7.05 |
| 60 months | 6.75 | 7.00 |
| 61–120 months | 6.60 | 6.85 |
Min: Rs. 10,000. Senior +0.25%. Regulated by NHB (not DICGC). Source: pnbhousing.com
Mahindra Finance
NBFC · IND AAA/Stable · CARE AA+/Stable
Up to 7.25%Senior Citizens
📅 March 2026 | mahindrafinance.com ↗
| Tenure | General (%) | Senior (%) |
|---|---|---|
| 12 months | 6.60 | 6.85 |
| 15 months | 6.75 | 7.00 |
| 24 months | 6.85 | 7.10 |
| 36–60 monthsPeak | 7.00 | 7.25 |
Mahindra group employees: +0.35%. Senior +0.25%. Not DICGC insured. Source: mahindrafinance.com
LIC Housing Finance
HFC · CRISIL AAA/Stable · Backed by LIC of India
Up to 7.15%Senior Citizens
📅 March 2026 | lichousing.com ↗
| Tenure | General (%) | Senior (%) |
|---|---|---|
| 12 months | 6.60 | 6.85 |
| 15 months | 6.70 | 6.95 |
| 24 months | 6.75 | 7.00 |
| 36–60 monthsPeak | 6.90 | 7.15 |
Min: Rs. 10,000. Regulated by NHB. Not DICGC insured. Source: lichousing.com
▼ Quick Comparison — March 2026 (Verified)
| Institution | Type | General Peak (%) | Senior Peak (%) | Tenure at Peak | DICGC | Rating |
|---|---|---|---|---|---|---|
| Utkarsh SFBHighest Bank | SFB | 8.00 | 8.50 | 1–2 Years | ✓ | — |
| Ujjivan SFB | SFB | 7.75 | 8.25 | 12–24 months | ✓ | — |
| Jana SFB | SFB | 7.75 | 8.25 | 1–2 Years | ✓ | — |
| Shriram FinanceBest NBFC | NBFC | 7.60 | 8.10 | 24 months | ✗ | AA+ |
| Bandhan Bank | Private | 7.55 | 8.05 | 1–2 Years | ✓ | — |
| Yes Bank | Private | 7.50 | 8.00 | 18 months | ✓ | — |
| AU Small Finance Bank | SFB | 7.50 | 8.00 | 1–18 months | ✓ | — |
| Bajaj Finance | NBFC | 7.45 | 7.80 | 24–35 months | ✗ | AAA |
| IndusInd Bank | Private | 7.25 | 7.75 | 1–2 Years | ✓ | — |
| Federal Bank | Private | 7.00 | 7.50 | 1–18 months | ✓ | — |
| IDFC First Bank | Private | 7.00 | 7.50 | 1yr–500 days | ✓ | — |
| Mahindra Finance | NBFC | 7.00 | 7.25 | 36–60 months | ✗ | AAA |
| Canara Bank 555d | PSU | 6.75 | 7.25 | 555 days | ✓ | — |
| IDBI Utsav FD | PSU | 6.95 | 7.45 | Special scheme | ✓ | — |
| PNB 444d (Retail) | PSU | 6.60 | 7.10 | 444 days | ✓ | — |
| PNB Uttam 444d (Non-Call.) | PSU | 6.70 | 7.20 | 444 days >1Cr | ✓ | — |
| Axis Bank | Private | 6.45 | 7.20 | 1–13 months | ✓ | — |
| ICICI Bank | Private | 6.50 | 7.10 | 15–18m / 3yr1d–5yr | ✓ | — |
| HDFC Bank | Private | 6.45 | 6.95 | 18–21 months | ✓ | — |
| SBI (Amrit Vrishti) | PSU | 6.45 | 6.95 | 444 days | ✓ | — |
| SBI (1 Year Retail) | PSU | 6.25 | 6.75 | 1 Year | ✓ | — |
| IOB (444d Special) | PSU | 6.60 | 7.10 | 1yr–2yr / 444d | ✓ | — |
| PSB Dhan Lakshmi (444d) | PSU | 6.60 | 7.10 | 444 days | ✓ | — |
| UCO Bank (444d) | PSU | 6.45 | 6.95 | 444 days | ✓ | — |
| Indian Bank (IND Secure) | PSU | 6.30 | 6.80 | 444 days | ✓ | — |
| Central Bank of India | PSU | 6.25 | 6.75 | 1–2 Years | ✓ | — |
| PNB Housing Finance | HFC | 6.90 | 7.15 | 36–47 months | ✗ | AA+ |
| LIC Housing Finance | HFC | 6.90 | 7.15 | 36–60 months | ✗ | AAA |
Rates verified 22 March 2026. DICGC covers Rs. 5 Lakh per depositor per bank. Not investment advice.
📈 FD Maturity Calculator
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🛡 DICGC Insurance
Bank FDs insured up to Rs. 5 Lakh per depositor per bank. NBFC FDs not covered. Spread deposits to maximise protection.
📌 TDS on FD Interest
TDS @10% above Rs. 50,000/yr (Rs. 1 Lakh for seniors). NBFCs: Rs. 10,000/yr. Submit Form 15G/15H if income below taxable limit.
▶ Senior Citizen Benefit
Seniors (60+) earn 0.25%–0.75% extra. Super seniors (80+) at SBI earn +10 bps over senior rate. Confirm at branch before booking.
💳 Section 80C Tax Saving
5-year lock-in FDs qualify for Section 80C up to Rs. 1.5 Lakh/yr. Interest is fully taxable. No premature withdrawal allowed.
Frequently Asked Questions
Utkarsh SFB leads with 8.00% (general) / 8.50% (senior) on 1–2 year deposits. Among private banks, Bandhan Bank (7.55%) and Yes Bank (7.50% at 18m) are top performers. For NBFCs, Shriram Finance tops with 7.60% (general) / 8.10% (senior) at 24 months.
Per HDFC Bank's official revision dated 6 March 2026: 1-year = 6.25% (general) / 6.75% (senior). Peak: 6.45% (general) / 6.95% (senior) at 18–21 months. The 3yr1d–4yr7m band was raised to 6.50% (general) / 7.00% (senior) in this revision. Verify at hdfcbank.com before investing.
NBFC FDs are NOT DICGC insured. However, AAA-rated NBFCs like Bajaj Finance (CRISIL/ICRA AAA) and Mahindra Finance carry very low credit risk. Invest only in NBFCs rated AA+ or above. Limit individual NBFC FD amounts and diversify across institutions. For maximum safety, prefer bank FDs within the Rs. 5 Lakh DICGC limit.
Form 15G (below 60 years) and Form 15H (senior citizens 60+) are self-declarations that your total income is below the taxable limit, preventing TDS deduction on FD interest. Submit these at the start of each financial year (April 1). Note: the interest is still taxable when you file returns — these forms only prevent TDS at source.
With the RBI pausing the repo rate at 5.25% (February 2026), rates are stable but expected to trend lower later this year. Experts recommend locking in 2–3 year tenures now. Special tenures — PNB 666 days, SBI Amrit Vrishti 444 days, Canara 555 days — offer premiums over standard rates. Ladder across 1yr, 2yr and 3yr FDs for balancing liquidity and returns.
Disclaimer: FD interest rates are sourced from official websites of RBI-regulated banks and NBFC/HFC institutions and verified as of 22 March 2026. Bank brand colors and logos are trademarks of their respective owners and are used solely for identification purposes. Rates are subject to change without prior notice. This page is for educational purposes only and does not constitute investment or financial advice. Always verify rates directly with the institution before investing.
