Fixed Deposit (FD) Interest Rates In 2025

Updated on: Jun 19th, 2025

31 min read

Fixed deposit (FD) accounts have been a popular choice for saving money because they provide a guaranteed interest rate on the deposits at the time of maturity. However, each bank provides different interest rates on FDs. Thus, knowing the FD interest rates before opening an FD account is essential.

This article covers the following details:

Interest rates provided on fixed deposits in 2025 by different banks
Top 20 banks providing the highest interest rates on fixed deposits
List of fixed deposit schemes offered by banks

Fixed Deposit Interest Rates 2025

Currently, fixed deposit interest rates 2025 of different banks range from 2.50% p.a. to 9.00% p.a. for general public for tenures ranging from 7 days to 10 years. The small finance banks are offering the highest interest rates in 2025.

Below table provides the top 10 banks with the highest FD interest rates 2025 for general public and senior citizens:

Bank Name	Highest Interest Rate for General Public (% p.a.)*	Highest Interest Rate for Senior Citizens (% p.a.)*
Unity Small Finance Bank	8.60	9.10
Suryoday Small Finance Bank	8.40	8.80
Utkarsh Small Finance Bank	8.25	8.75
Jana Small Finance Bank	8.20	8.70
Shivalik Small Finance Bank	8.05	8.55
Ujjivan Small Finance Bank	8.05	8.55
SBM Bank	8.05	8.55
Equitas Small Finance Bank	7.80	8.30
DCB Bank	7.75	8.25
Bandhan Bank	7.75	8.25

*FD interest rates are subject to change. The interest rates are as of 12 June 2025.

Top 20 Bank FD Interest Rates in India for 2025

Here are the top 20 banks offering the highest FD interest rates for 2025 and interest rates for different tenures:

Bank Name	Highest Interest Rate (% p.a.)*	1-year FD Rate (% p.a.)	3-year FD Rate (% p.a.)	5-year FD Rate (% p.a.)	Additional Interest Rate for Senior Citizens (% p.a.)
Unity Small Finance Bank	8.60	7.00	8.00	8.00	0.50
Suryoday Small Finance Bank	8.40	7.90	8.40	8.00	0.40
Shivalik Small Finance Bank	8.05	6.00	7.50	6.50	0.50
Utkarsh Small Finance Bank	8.25	6.25	8.25	7.75	0.50
Jana Small Finance Bank	8.20	7.50	7.75	8.20	0.50
Ujjivan Small Finance Bank	8.05	7.90	7.20	7.20	0.50
SBM Bank	8.05	7.50	7.30	7.75	0.50
Equitas Small Finance Bank	7.80	7.60	7.50	7.25	0.50
DCB Bank	7.75	7.25	7.25	7.25	0.50
Bandhan Bank	7.75	7.75	7.25	5.85	0.50-0.75
ESAF Small Finance Bank	7.75	5.00	6.25	6.00	0.50
CSB Bank	7.40	5.00	5.75	5.75	0.50
RBL Bank	7.30	7.10	7.10	7.00	0.50
AU Small Finance Bank	7.25	7.00	7.50	6.75	0.50
Dhanlaxmi Bank	7.25	6.50	6.50	6.75	0.50
Bank of Maharashtra	7.15	6.25	6.30	6.25	0.50
YES Bank	7.10	6.75	7.10	6.75	0.50
Nainital Bank	7.05	6.50	6.25	5.75	0.50
Central Bank of India	7.00	6.70	6.75	6.50	0.50

*The interest rates are as of 12 June 2025.

List of Fixed Deposit Schemes in India

Below are the different types of fixed deposit schemes in India:

Regular FD Account: This FD account is for individuals below 60 years. The tenure of this account ranges from 7 days to 10 years.
FD Account for Senior Citizens: This account is offered only to senior citizens, i.e., individuals above 60 years. They offer a higher interest rate than regular fixed deposit account.
Corporate FD Account: Corporate firms can open this account and get a separate interest rate. These are specifically designed for corporates, firms and business entities.
Tax-Saving FD Account: Individuals can claim tax deduction of up to Rs.1.5 lakh for deposits made in the tax-saving FD accounts. However, they come with a minimum lock-in period of five years.
Cumulative Fixed Deposits: In this FD account, the interest gets accrued in the account over the deposit tenure and gets compounded every quarter or year. The principal plus interest components are paid up on maturity.
Non-Cumulative Fixed Deposits: In this FD account, interests are accrued and are paid out monthly, quarterly, half-yearly, or annually, as per the individual’s choice.
Callable Fixed Deposits: This account allows depositors to withdraw their deposits before it reaches maturity up on paying the penalty on pre-closing.
Non-callable Fixed Deposits: This account does not allow pre-mature withdrawals. Individuals can withdraw their investments only at maturity. However, the interest rates are usually higher than the interest rates of callable fixed deposit accounts.
NRO FD Account: This account is specifically for Overseas Citizens of India (OCI), Persons of Indian Origin (PIO), and a Non-Resident Indians (NRI). They can deposit any income earned in INR to this account.
NRE FD Account: An NRI can open this account. This account allows for the deposit of the converted foreign currency earned outside India into Indian currency. Both the principal and interest from this account are completely repatriable.
FCNR FD Account: This account can be opened by NRIs and they can deposit money earned overseas in India in foreign currencies, such as US Dollars, Pounds, Euro, Yen, etc.

FD Interest Rates by Public Sector Banks

Below table shows the interest rates of public sector banks in India:

Bank Name	Highest Interest Rate (% p.a.)*	1-year FD Rate (% p.a.)	3-year FD Rate (% p.a.)	5-year FD Rate (% p.a.)
Bank of Baroda	6.60	6.50	6.50	6.40
Bank of India	6.70	6.50	6.25	6.00
Bank of Maharashtra	7.15	6.25	6.30	6.25
Canara Bank	6.60	6.50	6.50	6.50
Central Bank of India	7.00	6.70	6.75	6.50
Indian Bank	6.90	6.10	6.25	6.00
Indian Overseas Bank	7.10	6.70	6.30	6.30
Punjab & Sind Bank	7.10	6.10	6.00	6.35
Punjab National Bank	6.90	6.70	6.70	6.50
State Bank of India	6.45	6.25	6.30	6.05
UCO Bank	6.90	6.50	6.30	6.20
Union Bank of India	6.85	6.60	6.60	6.40

*The interest rates are as of 12 June 2025.

FD Interest Rates by Private Sector Banks

Below is the interest rates of private sector banks in India:

Bank Name	Highest Interest Rate (% p.a.)*	1-year FD Rate (% p.a.)	3-year FD Rate (% p.a.)	5-year FD Rate (% p.a.)
Axis Bank	6.60	6.25	6.50	6.50
Bandhan Bank	7.75	7.75	7.25	5.85
City Union Bank	6.75	6.75	6.65	6.25
CSB Bank	7.40	5.00	5.75	5.75
DCB Bank	7.75	7.25	7.25	7.25
Dhanlaxmi Bank	7.25	6.50	6.50	6.75
Federal Bank	6.85	6.50	6.70	6.50
HDFC Bank	6.60	6.25	6.45	6.40
ICICI Bank	6.60	6.25	6.60	6.60
IDBI Bank	6.70	6.55	6.25	6.25
IDFC First Bank	6.75	6.25	6.75	6.75
IndusInd Bank	7.00	6.75	6.75	6.65
Jammu & Kashmir Bank	7.30	6.75	6.75	6.50
Karnataka Bank	6.75	6.60	6.25	6.25
Karur Vysya Bank	6.85	6.60	6.60	6.60
Kotak Mahindra Bank	6.60	6.25	6.40	6.25
Nainital Bank	7.05	6.50	6.25	5.75
RBL Bank	7.30	7.10	7.10	7.00
SBM Bank	8.05	7.50	7.30	7.75
South Indian Bank	6.70	6.50	6.20	5.70
Tamilnad Mercantile Bank	7.05	6.80	6.25	6.25
Yes Bank	7.10	6.75	7.10	6.75

*The interest rates are as of 12 June 2025.

FD Interest Rates by Small Finance Banks

Here are the interest rates of small finance banks in India:

Bank Name	Highest Interest Rate (% p.a.)*	1-year FD Rate (% p.a.)	3-year FD Rate (% p.a.)	5-year FD Rate (% p.a.)
AU Small Finance Bank	7.25	7.00	7.50	6.75
Capital Small Finance Bank Limited	7.30	7.30	7.10	7.00
Equitas Small Finance Bank	7.80	7.60	7.50	7.25
ESAF Small Finance Bank	7.75	5.00	6.25	6.00
Jana Small Finance Bank	8.20	7.50	7.75	8.20
Shivalik Small Finance Bank	8.30	6.00	7.50	6.50
Suryoday Small Finance Bank	8.40	7.90	8.40	8.00
Ujjivan Small Finance Bank	8.05	7.90	7.20	7.20
Unity Small Finance Bank	8.60	7.00	8.00	8.00
Utkarsh Small Finance Bank	8.25	6.25	8.25	7.75

*The interest rates are as of 12 June 2025.

FD Interest Rates by Post Office

Below is the interest rates for post office fixed deposit or the post office time deposit scheme:

Tenure	Rate of Interest (%p.a.)*
1 year	6.90
2 years	7.00
3 years	7.10
5 years	7.50

*Interest rates are effective from 1st April 2025

FD Interest Rates for Tax Savings

The table below provides the interest rates of the tax saving FD schemes:

Bank Name	Interest Rate for General Public (% p.a.)*	Interest Rate for Senior Citizens (% p.a.)
AU Small Finance Bank	6.75	7.25
Axis Bank	6.50	7.00
Bandhan Bank	5.85	6.35
Bank of Baroda	6.40	6.90
Bank of India	6.00	6.50
Bank of Maharashtra	6.25	6.75
Central Bank of India	6.50	7.00
DCB Bank	7.25	7.75
Federal Bank	6.50	7.00
HDFC Bank	6.40	6.90
ICICI Bank	6.60	7.10
IDBI Bank	6.25	6.75
IDFC First Bank	6.75	7.25
Indian Bank	6.00	6.50
Indian Overseas Bank	6.30	6.80
IndusInd Bank	6.65	7.15
Jammu & Kashmir Bank	6.50%	7.00
Jana Small Finance Bank	8.20	8.70
Karnataka Bank	6.25	6.75
Kotak Mahindra Bank	6.25	6.75
Karur Vysya Bank	6.60	7.10
Punjab & Sind Bank	6.35	6.85
RBL Bank	7.00	7.50
SBM Bank India	7.75	8.25
Shivalik Small Finance Bank	6.50	7.00
South Indian Bank	5.70	6.20
State Bank of India	6.05	6.55
Suryoday Small Finance Bank	8.00	8.40
Tamilnad Mercantile Bank	6.25	7.75
UCO Bank	6.20	6.70
Ujjivan Small Finance Bank	7.20	7.70
Union Bank of India	6.40	6.90
Utkarsh Small Finance Bank	7.75	8.25

*The interest rates are as of 12 June 2025.

FD Interest Rates by Foreign Banks

Below are the interest rates provided by the foreign banks in India:

Bank Name	Highest Interest Rate (% p.a.)*	1-year FD Rate (% p.a.)	3-year FD Rate (% p.a.)	5-year FD Rate (% p.a.)
Deutsche Bank	7.35	5.00	6.25	6.25
HSBC Bank	6.50	4.00	5.35	5.50
Standard Chartered Bank	7.20	7.20	7.00	6.75
DBS Bank	6.65	6.40	6.45	6.45
Barclays Bank	5.41	5.07	5.31	5.41

*The interest rates are as of 12 June 2025.

Corporate and Company Fixed Deposit Rates

The interest rate provided by comanies on their FD schemes are provided below:

Bank Name	Highest Interest Rate (% p.a.)*	1-year FD Rate (% p.a.)	3-year FD Rate (% p.a.)	5-year FD Rate (% p.a.)
ICICI Home Finance	7.05	7.05	7.45	7.60
Kerala Transport Development Finance Corporation	7.00	7.00	7.00	6.75
LIC Housing Finance	7.35	7.00	7.35	7.35
Mahindra Finance	7.45	7.10	7.35	7.35
Manipal Housing Finance Syndicate Limited	8.25	8.25	8.25	7.75
Muthoot Capital Services Limited	9.10	7.90	9.10	8.90
PNB Housing Finance Limited	7.65	7.35	7.65	7.50
Shriram Finance	8.09	7.39	8.09	8.09
Sundaram Home Finance	7.65	7.20	7.50	7.65

*The interest rates are as of 12 June 2025.

Senior Citizens Fixed Deposit Rates

Banks offer a higher interest rate on fixed deposits for senior citizens, i.e., individuals aged over 60 years. Senior citizens get an additional interest rate of 0.50% p.a. over and above the fixed deposit interest rates offered to general public. For instance, SBI offers an interest rate of 6.25% for a tenure of 1 year to below 2 years. However, it offers 6.75% for senior citizens for the same tenure.

Additionally, some banks offer an additional interest rate of 0.75% p.a. for super senior citizens, i.e., individuals aged above 80 years. For instance, Union Bank offers an additional interest rate of 0.75% p.a. to super senior citizens over and above the normal FD interest rates for deposits opened or renewed on or after 1st December 2022. Thus, if the interest rate for an FD tenure of 1 year is 6.60% in Union Bank, super senior citizens will receive an interest rate of 7.35% for the same tenure.

Which Bank has the Highest Interest Rate for Fixed Deposits?

Currently, small finance banks are offering the highest FD interest rates in India. The Unity Small Finance Bank offers the highest interest rate of 8.60% on fixed deposits for a tenure of 1001 days, followed by the Suryoday Small Finance Bank, which gives an interest rate of 8.40% for an FD tenure of 30-36 months, and the Utkarsh Small Finance Bank, which offers an interest rate of 8.25% for a tenure of 2-3 years.

It is important to know the interest rates offered by different banks before investing in fixed deposits. Understanding the interest rates can help you decide on the right bank for opening an FD account based on your goals.

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Frequently Asked Questions

How will I receive the maturity amount of the FD?

The bank will transfer the maturity amount, i.e. the principal amount and the interest amount, to the connected savings account held with the bank. In case you do not have a savings account with the said bank, you can provide instructions to the bank as to how you would like to receive the maturity amount.

How to open an FD account for senior citizens?

If you wish to open an FD account for senior citizens, you need to provide documents ascertaining the age of the account holder. Based on the age concluded from such a document, the bank will confirm if you would like to get interest rates and other benefits applicable to senior citizens and do the needful.

What should be done if the account holder is not alive by the time of maturity?

It is always advised to set a nominee for your FD account either at the time of opening the account or at any time before maturity. In the case of the sudden demise of the account holder, the nominee can get the maturity amount. If a nominee is not specified, the legal heir of the account holder can submit the necessary documents and gain access to the account.

Should I pay a processing fee to get a loan against FD? How much loan can I get?

Generally, a processing fee will not be charged to get a loan against FD. However, it may vary depending on the bank you approach. You can get a loan of up to 60%-75% of the deposit amount. Some banks also provide 90% loans against fixed deposits. Note that such loans come with an interest rate slightly higher than the prevailing FD rates.

What is fixed deposit?

A Fixed Deposit (FD) is one of the most common investments, where you put a lump sum money in your bank account for a fixed time at a fixed rate of interest. At the end of the time period of the FD, you receive the amount you have invested with the compound interest. It is safer than equity investments which help you fulfil your long-term financial objectives, such as buying a house, children’s education or retirement planning.

Which bank is best for fixed deposit?

Every bank offers a different rate of interest depending on the time of the FD. The bank that offers a high rate of FD interest for the tenure that you want to invest in, is the best bank for opening an FD. Compare the interest rates of different banks and opt for the bank offering the highest interest rate for the tenure that you want to invest in an FD.

How to calculate fixed deposit interest?

FD interest rate is calculated by multiplying the principal, rate of interest and the time period. The formula for this is ‘P * (1+ r/n) ^ n*t’ where P is the principal amount, r is rate of interest, n is compounded interest frequency and t is number of years. Utilise our easy-to-use FD calculator to check the returns you may receive when you invest a certain amount over a deposit tenure.

Which bank FD has highest interest rate?

Every bank offers a different rate of interest depending on the time of the FD. The highest FD interest rates offered by different banks and their tenure is provided in the above article.

Is 5-year FD tax-free?

Many banks offer a five-year FD scheme meant for tax saving. Such FD schemes are tax-free. You can claim an income tax deduction by investing money in a five-year FD scheme under Section 80C of the Income Tax Act, 1961.

Which FD is eligible for 80C?

You can claim an income tax deduction by investing money in a five-year tax saving FD scheme under Section 80C of the Income Tax Act, 1961. A tax-saving fixed deposit (FD) account is a type of fixed deposit account that offers a tax deduction under Section 80C of the Income Tax Act, 1961. Any investor can claim a deduction of a maximum of Rs.1.5 lakh per annum by investing in a tax-saving fixed deposit account.

About the Author

Mayashree Acharya

Senior Content Writer

I am an advocate by profession and have a keen interest in writing. I write articles in various categories, from legal, business, personal finance, and investments to government schemes. I put words in a simplified manner and write easy-to-understand articles. Read more

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