Best FD Interest Rates — All Banks 2026
| Bank | 1 Year Rate | 3 Year Rate | 5 Year Rate | Senior Citizen |
|---|---|---|---|---|
| Unity Small Finance Bank | 9.00% | 9.50% | 9.00% | +0.50% |
| Suryoday Small Finance | 8.60% | 9.10% | 8.25% | +0.50% |
| Utkarsh Small Finance | 8.50% | 8.50% | 8.00% | +0.50% |
| HDFC Bank | 7.10% | 7.25% | 7.00% | +0.25% |
| ICICI Bank | 7.10% | 7.25% | 7.00% | +0.25% |
| Axis Bank | 7.10% | 7.25% | 7.00% | +0.25% |
| SBI (State Bank) | 7.10% | 7.00% | 6.50% | +0.25-0.50% |
| Bank of Baroda | 6.85% | 7.15% | 6.50% | +0.50% |
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FD Maturity Amount — Quick Reference Table
| Principal | 1yr @ 7.1% | 3yr @ 7.25% | 5yr @ 7.0% |
|---|---|---|---|
| ₹1,00,000 | ₹1,07,310 | ₹1,23,680 | ₹1,41,478 |
| ₹5,00,000 | ₹5,36,552 | ₹6,18,399 | ₹7,07,391 |
| ₹10,00,000 | ₹10,73,104 | ₹12,36,798 | ₹14,14,782 |
| ₹25,00,000 | ₹26,82,759 | ₹30,91,994 | ₹35,36,956 |
FD in Delhi, Mumbai, Bangalore — Which Bank Branch to Choose?
All FD rates are uniform across branches in India — a Delhi SBI branch gives same rate as Mumbai or Bangalore branch. However for convenience, choose a bank with good net banking to open FD online without visiting branch. HDFC, ICICI, Axis Bank allow instant online FD booking in all cities.
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Frequently Asked Questions
Which is better — FD or SIP in 2026? +
For less than 3 years: FD wins (guaranteed returns, no risk). For 5+ years: SIP wins (equity SIP at 12% vs FD at 7.25% — nearly double). For retired or risk-averse: FD + Senior Citizen Savings Scheme. Use our comparison calculator for your specific scenario.
How much TDS is deducted on FD? +
TDS rate: 10% if interest exceeds ₹40,000/year per bank (₹50,000 for senior citizens). If your PAN is not linked: 20% TDS. Submit Form 15G (below 60 years) or 15H (above 60 years) if your total income is below taxable limit to avoid TDS completely.
Can I break FD before maturity? +
Yes, premature FD withdrawal is allowed with a penalty of 0.5% to 1% on the applicable rate. Example: ₹1 lakh FD at 7.25% for 3 years, broken after 2 years — you get 6.25% rate (7.25% - 1% penalty). Online FD can be broken instantly through net banking.
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📅 Last Updated: June 2026✅ RBI Verified⭐ 4.8/5