FD Interest Rates Updated: A fixed deposit is a secure financial product that enables investors to put money into banks and receive a set return until the deposit’s maturity. Depending on the maturity length, many institutions provide varying interest rates on deposits.

Fixed Deposit Interest Rates:

Usually, the fixed deposit interest rates are between 3% to 8% which also depends on the tenure deposit. As per the guidelines given by the RBI, senior citizens get the benefit of an extra 0.5% interest rate. This makes FD one of the best savings options for retirement.

These are the leading banks that offer the best FD interest rates:

1. Suryoday Small Finance Bank: 8.05% Per Annum.
2. Jana Small Finance Bank: 8% Per Annum.
3. Utkarsh Small Finance Bank: 7.65% Per Annum.
4. Axis Bank: 6.60% Per Annum
5. ICICI Bank: 6.60% Per Annum

Also Read: 8th Pay Commission 2025: How Much Salary Will Increase for Employees

1. HDFC Bank: 6.60% Per Annum
2. Bank of Baroda: 6.60% Per Annum
3. Union Bank of India: 6.60% Per Annum
4. State Bank of India (SBI): 6.05% to 6.60% Per Annum

State Bank of India (SBI), the biggest public lender in the nation, offers FD interest rates ranging from 6.05% to 6.60%, while Union Bank of India and Bank of Baroda give rates that vary based on the term from 6.25% to 6.60%. Similar FD yields are provided by private sector lenders such as HDFC Bank, ICICI Bank, and Axis Bank; the highest rate is capped at 6.60% annually.

These banks offer one of the best interest rates on Fixed Deposits.

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