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Highest FD Interest Rates (October 2026)

Which bank pays the most on a fixed deposit right now? Pick the tenure and whether you are a senior citizen; the list ranks every bank's published rate for exactly that tenure, with what your amount grows to.

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The highest FD rate for 1 year is 7.25% p.a. at Suryoday Small Finance Bank, as of 21 October 2026, from each bank’s or company’s own rate page.

₹

Highest for 1 year

Suryoday SFB 7.25%

Lowest for 1 year

CSB Bank 5%

the highest rate of 7.25% is 4.99% after tax and cess, and 0.18% after inflation (real return), using CPI inflation of 4.8% for August 2026 (RBI).

Deposit insurance: DICGC insures up to ₹5,00,000 per depositor per bank, principal and interest together. This deposit would reach ₹5,37,248 in one bank, so ₹37,248 would not be covered. See how to split it across banks →

Company FDs (from NBFCs and housing finance companies) are not covered by deposit insurance: if the company fails, there is no DICGC cover. Their credit rating, where shown, is the agency's rating of the company's fixed deposit programme.

Rates are for deposits below ₹3 crore, from each bank's own rate page, for the bank's bucket that contains this tenure. Cumulative FDs compound quarterly. Rates change often; check with the bank before you invest. How we check these rates.

What do these ratings mean?

  • Credit ratings come from SEBI-registered agencies such as CRISIL, ICRA, CARE and India Ratings. AAA is the highest safety, then AA, A and BBB. Anything below BBB is not investment grade.
  • The outlook (Stable, Positive, Negative, or on Watch) says which way the agency thinks the rating may move.
  • Bank deposits usually have no rating of their own, so for banks we show the bank's long-term issuer or bond rating and say which. "Not available" means we could not read a rating from the agency's own site.
  • Bank deposits, including small finance banks, are insured by the DICGC up to ₹5 lakh per depositor per bank. Company and NBFC deposits are not.
  • D-SIB marks a bank the RBI lists as a domestic systemically important bank (list of 2 December 2025).

Credit ratings are opinions of the rating agency, not a guarantee.

What it is:
A ranking of Indian bank fixed deposit rates by tenure.
What it calculates:
Each bank's general or senior citizen rate for the chosen tenure and the maturity value of your amount.

Key Assumptions

  • Deposits below ₹3 crore.
  • Quarterly compounding.
  • Rates as published on each bank's site on the date shown.

How does the Highest FD Interest Rates work?

Rates are read from each bank's own website or rate document and dated; each row links to its source. A row marked "may be outdated" has not been re-checked for more than 45 days.

For deposits a higher rate is better, so the list starts with the highest. Use "Lowest first" to see the other end.

Small finance banks are labelled. Their deposits have the same DICGC cover as other banks: ₹5 lakh per depositor per bank, principal and interest together.

Credit ratings are shown only as published by the rating agencies, with the agency's name and a link. CalcMate does not make its own safety scores.

Rates as of 21 October 2026. Only deposits below ₹3 crore are covered; larger "bulk" deposits have different rates.

DICGC insurance covers up to ₹5 lakh per depositor in each bank, including interest. If your deposit is larger, splitting it across banks keeps all of it insured; the Where should I put my FD? tool suggests a split for your amount. To see what a rate is worth on your money, open the FD Calculator, and compare the government-backed Post Office FD.

Highest FD Interest Rates formula

Maturity = P × (1 + r/4)^(4 × years)

P
= the amount you enter
r
= the bank's annual rate for the tenure

The rate for each tenure is the bank's bucket that contains exactly that tenure, e.g. "1 year to less than 2 years" for 1 year.

Highest FD Interest Rates: worked example

Top 3 for ₹1,00,000 over 1 year (general rates)

Suryoday Small Finance Bank
7.25%, grows to ₹1,07,450
Ujjivan Small Finance Bank
7.25%, grows to ₹1,07,450
Equitas Small Finance Bank
7.1%, grows to ₹1,07,291

Highest FD Interest Rates: frequently asked questions

Which bank gives the highest FD rate?
It depends on the tenure and your age, and it changes often. The list above ranks every bank in our data for the tenure you pick, from each bank's own rate page, with the date it was checked.
Are small finance bank FDs safe?
Small finance banks are licensed by the RBI and their deposits have the same DICGC insurance as other banks: up to ₹5 lakh per depositor per bank, including interest. Keeping each deposit within that limit is a sensible way to use their higher rates.
Why is a bank's special-tenure rate not shown?
Many banks pay their best rate on an odd tenure such as 444 days. The ranking uses the rate for exactly 1, 2, 3 or 5 years so that every bank is compared on the same footing.
What does D-SIB mean?
A domestic systemically important bank: one the RBI considers so large and connected that it holds extra capital. The RBI's current list names SBI, HDFC Bank and ICICI Bank.
Should I split a large FD across banks?
Yes, if the total is above ₹5 lakh. DICGC insurance covers up to ₹5 lakh per depositor in each bank, so spreading a larger deposit across banks keeps all of it covered.

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Reviewed by Pradipta Ray, MBA (Finance) · Updated