What these numbers mean
The "highest" rate is usually for one specific tenure (often a special scheme of a year or two). For other tenures, use the 1, 3 or 5-year column. Among the large banks listed, Bank of Baroda has the highest top rate at 6.75%. Small finance banks pay more, up to 8.25%, to attract deposits.
Most banks compound FD interest quarterly, so the effective yearly return is a little higher than the rate shown. Our FD calculator shows the exact maturity amount.
Questions people ask
Will FD rates go up now?
The RBI raised the repo rate to 5.5% on 7 Oct 2026. Banks often raise deposit rates some weeks after a hike, so rates may rise. If you expect higher rates, you can split your money across a few shorter FDs.
Are small finance bank FDs safe?
Small finance banks are regulated by the RBI, and deposits in every bank are insured by DICGC up to ₹5 lakh per depositor per bank, including interest. Many people keep each small finance bank FD within that limit.
How is FD interest taxed?
FD interest is added to your income and taxed at your slab rate. Banks deduct TDS when your interest crosses the yearly limit; you can submit Form 15G or 15H if your income is below the taxable limit.
About these rates
We check these rates against public sources and update this page when they change. They are for information only, not a recommendation of any bank or scheme. Always confirm the current rate with the bank or post office before you invest or borrow.