Fixed Deposit (FD) Rates & Screener
Compare verified term deposit interest rates across RBI-regulated Small Finance Banks, Top Private Banks, Public Sector Undertakings (PSU), and AAA-rated Corporate NBFCs. Calculate maturity proceeds with Argon deterministic quarterly compounding.
Suryoday / Unity SFB (Non-Senior)
+0.50% to +0.75% additional spread
Statutory safety per bank per depositor
6 SFBs, Private, PSU & NBFCs
Best Fixed Deposit (FD) Rates in India 2026
Every depositor in commercial banks, Small Finance Banks (SFBs), and public sector banks is legally protected up to ₹5,00,000 per bank (principal + accrued interest) by RBI’s subsidiary DICGC. Small finance banks offer up to 9.15% p.a. with full sovereign-grade deposit safety.
| Bank / Issuer Name | Category | Safety & Guarantee | 1 Year ★ | 2 Years | 3 Years | 5Y Tax-Saver | Compare |
|---|---|---|---|---|---|---|---|
U Ujjivan Small Finance Bank Min: ₹₹1,000.00 | Small Finance Bank | DICGC ₹5L Insured | 8.25% | 8.20% | 7.75% | 7.20% | |
J Jana Small Finance Bank Min: ₹₹1,000.00 | Small Finance Bank | DICGC ₹5L Insured | 8.25% | 8.25% | 8.25% | 8.20% | |
E Equitas Small Finance Bank Min: ₹₹5,000.00 | Small Finance Bank | DICGC ₹5L Insured | 8.20% | 8.25% | 8.00% | 7.25% | |
U Utkarsh Small Finance Bank Min: ₹₹1,000.00 | Small Finance Bank | DICGC ₹5L Insured | 8.00% | 8.50% | 8.25% | 7.75% | |
U Unity Small Finance Bank Min: ₹₹1,000.00 | Small Finance Bank | DICGC ₹5L Insured | 7.85% | 8.15% | 8.50% | 8.15% | |
S Shriram Finance Fixed Deposit Min: ₹₹5,000.00 | AAA Corporate Deposit | CRISIL AA+ / India Ratings AA+ | 7.85% | 8.15% | 8.38% | — | |
M Mahindra Finance Fixed Deposit Min: ₹₹10,000.00 | AAA Corporate Deposit | CRISIL AAA / India Ratings AAA | 7.60% | 7.75% | 8.05% | — | |
S Suryoday Small Finance Bank Min: ₹₹1,000.00 | Small Finance Bank | DICGC ₹5L Insured | 7.50% | 8.65% | 8.60% | 8.25% | |
I IndusInd Bank Min: ₹₹10,000.00 | Top Private Bank | DICGC ₹5L Insured | 7.50% | 7.75% | 7.25% | 7.25% | |
B Bajaj Finance Fixed Deposit Min: ₹₹15,000.00 | AAA Corporate Deposit | CRISIL AAA / ICRA AAA | 7.40% | 7.80% | 8.10% | — | |
T Tata Capital Financial Services FD Min: ₹₹10,000.00 | AAA Corporate Deposit | CRISIL AAA / ICRA AAA | 7.35% | 7.70% | 8.10% | — | |
K Kotak Mahindra Bank Min: ₹₹5,000.00 | Top Private Bank | DICGC ₹5L Insured | 7.10% | 7.15% | 7.00% | 6.20% | |
B Bank of Baroda (BoB) Min: ₹₹1,000.00 | Public Sector Bank | DICGC ₹5L Insured | 6.85% | 7.15% | 7.15% | 6.50% | |
C Canara Bank Min: ₹₹1,000.00 | Public Sector Bank | DICGC ₹5L Insured | 6.85% | 6.85% | 6.80% | 6.70% | |
F Federal Bank Min: ₹₹1,000.00 | Top Private Bank | DICGC ₹5L Insured | 6.80% | 7.05% | 7.10% | 6.60% | |
S State Bank of India (SBI) Min: ₹₹1,000.00 | Public Sector Bank | DICGC ₹5L Insured | 6.80% | 7.00% | 6.75% | 6.50% | |
P Punjab National Bank (PNB) Min: ₹₹100.00 | Public Sector Bank | DICGC ₹5L Insured | 6.80% | 6.80% | 7.00% | 6.50% | |
I ICICI Bank Min: ₹₹10,000.00 | Top Private Bank | DICGC ₹5L Insured | 6.70% | 7.20% | 7.00% | 7.00% | |
A Axis Bank Min: ₹₹5,000.00 | Top Private Bank | DICGC ₹5L Insured | 6.70% | 7.10% | 7.10% | 7.00% | |
H HDFC Bank Min: ₹₹5,000.00 | Top Private Bank | DICGC ₹5L Insured | 6.60% | 7.00% | 7.10% | 7.00% |
FD Maturity & Post-Tax Returns Calculator (Union Budget FY 2026–27)
Calculate your exact maturity value, accrued quarterly compounding interest, and post-tax yield based on your personal income tax slab.
Fixed Deposit Investor Guide & Frequently Asked Questions
Key insights on DICGC limits, tax withholding (TDS), quarterly compounding math, and senior citizen advantages.
Are Small Finance Banks safe for Fixed Deposits?
Yes. All RBI-scheduled Small Finance Banks (SFBs) such as Unity, Suryoday, Utkarsh, Equitas, and AU Small Finance Bank are covered under the RBI's Deposit Insurance and Credit Guarantee Corporation (DICGC) Act of 1961. Every depositor is legally insured up to ₹5,00,000 (principal + accrued interest) per bank across all their savings and term deposit accounts.
How is interest compounded on Bank Fixed Deposits in India?
Commercial banks and SFBs in India compound interest on a quarterly basis (every 90 days) on term deposits with tenures of 6 months or longer. For tenures below 90 days, simple interest is applied. Quarterly compounding results in an Annual Percentage Yield (APY) that is higher than the stated nominal coupon rate.
What are the TDS rules for Fixed Deposit interest in FY 2026–27?
Under Section 194A of the Income Tax Act, banks deduct Tax Deducted at Source (TDS) at 10% if total interest income exceeds ₹40,000 in a financial year for non-senior citizens, or ₹50,000 for senior citizens (Section 80TTB). If PAN is not provided, TDS is deducted at 20%. Depositors with zero taxable income can submit Form 15G (for under 60) or Form 15H (for senior citizens) to avoid TDS.
How are 5-Year Tax-Saving Fixed Deposits taxed?
5-Year Tax Saving FDs offer tax deduction up to ₹1,50,000 per financial year under Section 80C under the Old Tax Regime. They come with a mandatory 5-year lock-in with zero premature withdrawal or loan facility. The annual accrued interest remains fully taxable according to your applicable income tax slab rate.
How should an investor allocate capital across multiple banks to maximize safety?
To maximize both yield and safety, institutional financial planners recommend the 'FD Laddering & DICGC Splitting' strategy: allocate tranches up to ₹4,50,000 principal per bank across 3 to 4 distinct Scheduled Small Finance Banks. This ensures 100% of your principal and accrued interest stays securely under the ₹5 Lakh statutory DICGC guarantee limit while earning maximum peak yields (up to 9.15%).