What is a Fixed Deposit?
Fixed Deposit (FD), also known as ‘Term Deposit’, is an investment option for the common man that offers the depositor an opportunity to park his money over a fixed period of time and earn a fixed interest on that money at regular intervals during the time period chosen by him. It also provides certainty of income and capital protection, making fixed deposits a popular investment option especially among new and conservative investors. These are some of the features that make fixed deposits a good option for achieving short-term financial goals and for emergency and post-retirement funds.
Fixed Deposit Calculator
Use Money Mint Idea Fixed Deposit FD Calculator to get an Accurate Estimate of Your FD Maturity Amount and Interest Income.
This FD Calculator is Very simple and Easy to use and by Filling in some Basic Details like Deposit/amount, FD interest Rate and Time Period, you will get a rough Estimate of The Fixed Deposit.
FD Calculator
Fixed Deposit Interest Rates
Currently, the fixed deposit FD interest rates of scheduled banks range from 2.50% per annum to 8.50% per annum for regular depositors for tenures ranging from 7 days to 10 years.
Small Finance Bank (NBFCs) Non-Banking Financial Company offer The Highest Interest Rates on FD. Along With This, Small & Big Public Sector Banks and Big Pvt Sector Banks are Also included in it.
At present, there are some banks which offer you good interest rates on FD, such as private sector banks like IDFC First Bank, SBM Bank, IndusInd Bank, Bandhan Bank, DCB Bank, CSB Bank, RBL Bank, YES Bank, Karur Vysya Bank & Tamil-Nadu Mercantile Bank Can offer you Higher FD Slab Rates than the Fixed Deposit Rates offered by Other Pvt Sector Banks.
Top Banks Offering Highest FD Interest Rates in India (2025)
Bank Name
Highest FD Rate (% p.a.)
1-Year FD (% p.a.)
3-Year FD (% p.a.)
5-Year FD (% p.a.)
Senior Citizen Extra (% p.a.)
Slice Small Finance Bank
8.50
6.75
8.25
7.75
0.50
Suryoday Small Finance Bank
8.20
7.50
7.75
8.20
0.40
Jana Small Finance Bank
8.00
7.25
7.50
8.00
0.50
Utkarsh Small Finance Bank
7.65
6.00
7.65
7.25
0.50
Shivalik Small Finance Bank
7.60
6.00
7.50
6.50
0.50
Equitas Small Finance Bank
7.60
7.25
7.25
7.00
0.50-0.60
ESAF Small Finance Bank
7.60
4.75
6.00
5.75
0.50
SBM Bank
7.50
7.05
7.05
7.50
0.50
Ujjivan Small Finance Bank
7.45
7.25
7.20
7.20
0.50
Bandhan Bank
7.30
7.10
7.00
5.85
0.50-0.75
DCB Bank
7.20
6.90
7.00
7.00
0.25-0.50
RBL Bank
7.20
7.00
7.20
6.70
0.50
Capital Small Finance Bank
7.15
7.00
7.00
6.90
0.50
AU Small Finance Bank
7.10
6.35
7.10
6.75
0.50
Central Bank of India
7.00
6.50
6.50
6.50
0.50
YES Bank
7.00
6.65
7.00
6.75
0.50-0.75
Induslnd Bank
7.00
6.75
6.75
6.65
0.75
Unity Small Finance Bank
6.75
6.50
6.75
6.75
0.50
Federal Bank
6.70
6.40
6.50
6.50
0.50
Bank of India
6.60
6.25
6.25
6.00
0.50
Latest FD Rates from Other Public Sector Banks
| Bank Name | Highest FD Rate (% p.a.) | 1-Year Tenure | 3-Year Tenure | 5-Year Tenure |
|---|---|---|---|---|
| Bank of Baroda | 6.60 | 6.50 | 6.50 | 6.40 |
| Bank of India | 6.60 | 6.25 | 6.25 | 6.00 |
| Bank of Maharashtra | 6.70 | 6.20 | 6.20 | 6.10 |
| Canara Bank | 6.50 | 6.25 | 6.25 | 6.25 |
| Indian Bank | 6.70 | 6.10 | 6.25 | 6.00 |
| Indian Overseas Bank | 6.75 | 6.60 | 6.20 | 6.20 |
| Punjab & Sind Bank | 6.70 | 6.00 | 6.00 | 6.10 |
| Punjab National Bank | 6.60 | 6.40 | 6.40 | 6.50 |
| State Bank of India | 6.60 | 6.25 | 6.30 | 6.05 |
| UCO Bank | 6.70 | 6.25 | 6.15 | 6.10 |
| Union Bank of India | 6.60 | 6.40 | 6.60 | 6.40 |
Best FD Rates from Private Sector Banks
| Bank Name | Highest FD Rate (% p.a.) | 1-Year Tenure | 3-Year Tenure | 5-Year Tenure |
|---|---|---|---|---|
| Axis Bank | 6.60 | 6.25 | 6.60 | 6.60 |
| City Union Bank | 6.75 | 6.75 | 6.65 | 6.25 |
| CSB Bank | 6.80 | 5.00 | 5.75 | 5.75 |
| DBS Bank | 6.55 | 6.30 | 6.40 | 6.25 |
| Dhanlaxmi Bank | 6.90 | 6.25 | 6.50 | 6.50 |
| HDFC Bank | 6.60 | 6.25 | 6.45 | 6.40 |
| ICICI Bank | 6.60 | 6.25 | 6.60 | 6.60 |
| IDBI Bank | 6.75 | 6.55 | 6.25 | 6.25 |
| IDFC FIRST Bank | 6.75 | 6.30 | 6.75 | 6.60 |
| Jammu & Kashmir Bank | 7.30 | 6.75 | 6.75 | 6.50 |
| Karnataka Bank | 6.65 | 6.50 | 6.15 | 6.15 |
| 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 |
| South Indian Bank | 6.60 | 6.60 | 6.20 | 5.70 |
| Tamilnad Mercantile Bank | 7.05 | 6.80 | 6.25 | 6.25 |
| Yes Bank | 7.00 | 6.65 | 7.00 | 6.75 |
Latest Post Office Fixed Deposit Rates
| Deposit Tenure | Interest Rate (% p.a.) |
|---|---|
| 1 Year | 6.90% |
| 2 Years | 7.00% |
| 3 Years | 7.10% |
| 5 Years | 7.50% |
Tax Saving FD Interest Rates (2025)
| Bank (Per Year) | General Citizens | Senior Citizens |
|---|---|---|
| AU Small Finance Bank | 6.75% | 7.25% |
| Axis Bank | 6.60% | 7.35% |
| Bandhan Bank | 6.25% | 7.25% |
| Bank of Baroda | 6.00% – 6.40% | 7.00% |
| Bank of India | 6.00% | 6.75% – 6.90% |
| Bank of Maharashtra | 6.10% | 6.60% |
| Capital Small Finance Bank Limited | 6.90% | 7.40% |
| Central Bank of India | 6.50% | 7.00% |
| Canara Bank | 6.25% | 6.75% |
| DCB Bank | 7.00% | 7.25% |
| Federal Bank | 6.25% | 6.75% |
| HDFC Bank | 6.40% | 6.90% |
| ICICI Bank | 6.60% | 7.10% |
| IDBI Bank | 6.25% | 6.75% |
| IDFC FIRST Bank | 6.60% | 7.10% |
| Indian Bank | 6.00% | 6.50% |
| Indian Overseas Bank | 6.20% | 6.70% |
| IndusInd Bank | 6.65% | 7.40% |
| Jammu & Kashmir Bank | 6.50% | 7.00% |
| Jana Small Finance Bank | 8.00% | 8.00% |
| Karnataka Bank | 6.50% | 6.90% |
| Kotak Mahindra Bank | 6.25% | 6.75% |
| Karur Vysya Bank | 6.60% | 7.00% |
| Punjab & Sind Bank | 6.10% | 6.60% |
| RBL Bank | 6.70% | 7.20% |
| SBM Bank India | 7.50% | 8.00% |
| Shivalik Small Finance Bank Limited | 6.50% | 7.00% |
| South Indian Bank | 5.70% | 6.20% |
| State Bank of India | 6.05% | 7.05% |
| Suryoday Small Finance Bank | 8.20% | 8.40% |
| UCO Bank | 6.10% | 6.60% |
| Ujjivan Small Finance Bank | 7.20% | 7.70% |
| Union Bank of India | 6.40% | 6.90% |
| Utkarsh Small Finance Bank | 7.25% | 7.75% |
Top Foreign Banks FD Interest Rates for 2025
| Bank Name | Highest FD Rate (% p.a.) | 1-Year Tenure | 3-Year Tenure | 5-Year Tenure |
|---|---|---|---|---|
| Deutsche Bank | 7.00% | 5.00% | 6.25% | 6.25% |
| HSBC Bank | 5.50% | 4.00% | 5.35% | 5.50% |
| Standard Chartered Bank | 6.60% | 6.60% | 6.50% | 6.25% |
Company Corporate Fixed Deposit Rates india
| Company Name | 1-Year FD Rate (% p.a.) | 3-Year FD Rate (% p.a.) | 5-Year FD Rate (% p.a.) | Tenure Range | Senior Citizen Extra (%) |
|---|---|---|---|---|---|
| Manipal Housing Finance Syndicate Ltd. | 8.25% | 8.25% | 7.75% | 12 to 60 Months | 0.25% |
| Muthoot Capital Services Limited | 7.90% | 8.95% | 8.50% | 12 to 60 Months | 0.25% |
| Mahindra Finance | 6.60% | 7.00% | 7.00% | 12 to 60 Months | 0.10%-0.25% |
| Shriram Finance | 7.00% | 7.60% | 7.60% | 12 to 60 Months | 0.50% |
| ICICI Home Finance | 6.85% | 7.15% | 7.15% | 12 to 60 Months | 0.35% |
| Sundaram Home Finance | 6.70% | 7.00% | 7.15% | 12 to 60 Months | 0.35%-0.50% |
| Kerala Transport Development Finance Corporation | 7.00% | 7.00% | 6.75% | 12 to 60 Months | 0.25% |
| PNB Housing Finance Ltd. | 7.00% | 7.10% | 7.10% | 12 to 60 Months | 0.20%-0.30% |
| LIC Housing Finance Ltd. | 6.70% | 6.85% | 6.90% | 12 to 60 Months | 0.25% |
Fixed Deposit on Monthly Basis. Where the Deposit Matures, an additional interest of 0.15% Per Annum is available on all Fixed Deposit Renewals. Especially if there is a Female Depositor then an additional Interest of 0.05% Per Annum can be Available.
Senior Citizens Fixed Deposit Rates india
Most of The Banks & NBFC in India Usually offer Higher FD interest Rates to Senior Citizens than Other Depositors, which is An additional Interest rate of 0.50% Per Year.
Many banks offer an additional interest rate of 0.20% to 0.50% over and above the FD rates for their senior citizen customers under some special schemes. For example, if we take the reference of a private sector bank, the Senior Citizen FD Rates offered by ICICI Bank for tenures of less than 15 months to 18 Month are 10 BPS or 0.10% Higher Than the Current 50 Bps on FD.
Apart From This, Some Banks And NBFC Also offer Additional Interest rates to Their Super Senior Citizens (80 Year or above).
For example, if we talk of a Government Bank, then Indian Bank allows its super senior citizens (aged 80 years and above) to earn an additional interest rate of 0.75% Per Year if they Make their FD in the Bank for a Period of up to 5 Year.
Types of Fixed Deposit in India
Banks and NBFCs have Various Type Fixed Deposit Schemes as Per the Convenience of their Customers which Meet their Needs over Time. If you are Also a Bank Customer, then Below are the Various Types of Fixed Deposits for you to Make the Most of Your Savings.
Standard Term Deposit: Sole Proprietorship Firms, Partnership Firms, Ltd Company, Hindu Undivided Families Can open their Accounts in This. The Interest Rates are Usually Higher than the Interest Rates of Savings Accounts.
Tax-saving Term Deposit: Only resident individuals or Hindu Undivided Families can open this. Depositors can get tax savings of up to Rs 1.5 lakh on the principal investment under Section 80C of the Indian Penal Code. It has a Lock-in Period of 5 Year.
Floating Rate Term Deposit: Its interest rate is linked to a reference rate, such as the Reserve Bank of India (RBI) repo rate and T-bill rate. hence, its Returns Depend on the Fluctuations in the Reference Rate.
Flexi Term Deposit: It allows depositors to link their term deposit to their savings or current account. In case of insufficient funds in the savings or current account linked to the bank account, the linked deposit amount can be partially divided and the balance amount continues to earn the fixed deposit interest rate. It offers more liquidity and flexibility than a normal bank FD and lets you earn higher interest rates than a regular savings account.
Senior Citizen Fixed Deposit: This can be opened by individuals who are 60 years of age or above. The Interest Rates offer on This Scheme by The Bank are Usually Higher than the Regular Fixed Deposit Rates. Many banks and NBFCs offer additional interest rates of 0.2%-0.3% over and above the FD rates to senior citizens under their special schemes. Additionally, some banks/NBFCs offer additional interest rates to super senior citizens (80 years of age or above).
Corporate Fixed Deposit: Issued by Housing Finance and Finance Companies (HFCs) and Non-Banking Financial Companies (NBFCs) in the country, its interest rates are usually slightly higher than the bank FD interest rates.
Cumulative FD: This fixed deposit scheme gives you the opportunity to earn compound interest by adding interest income to the principal amount, thereby giving the customer the benefit of compounding money.
Non-Cumulative FD: In this, you are given the interest earned on the investment amount at a regular interval, such as monthly, quarterly, half-yearly and yearly.
Callable FD: In this deposit scheme, the depositor is given the facility to withdraw his fixed deposit amount before maturity as per his need. However, if you invest in this type of fixed deposit and close it before time, the depositors may have to pay a penalty to the bank.
Non-Callable FD: Works opposite to callable fixed deposit, as in this, the depositor can withdraw his investment only on maturity. moreover, The Interest Rates offered on Non-Callable Fixed Deposits Are Usually Higher Than the Interest Rates offer on Callable Fixed Deposits.
NRI FD Types: Deposit Options in India
NRE (Non-Resident External Deposit): This is for Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) who wish to invest their foreign income in Fixed Deposits (FDs).
NRO (Non-Resident Ordinary Deposit: This scheme is generally meant for non-resident Indians and persons of Indian origin who wish to park their income earned from Indian sources in fixed deposits.
FCNR (Foreign Currency Non-Resident) Deposit: This scheme is generally meant for non-resident Indians and persons of Indian origin who wish to park their income earned abroad in fixed deposits.
RFC (Resident Foreign Currency) Deposit: This scheme is meant for non-resident Indians and persons of Indian origin who return to India after staying outside India for a period of one year or more.
This scheme allows opening of fixed deposits in foreign currencies with banks in India.
The main objective of this scheme is to allow depositors to earn high returns without any exchange rate risk. These deposits can be opened only with the amount earned/income received abroad in foreign currencies.
Benefits of fixed deposit in india
- Fixed Deposit FD Gives Bank Guaranteed Returns.
- Fixed Deposit Insurance up to Rs 5 Lakh Under DICGC.
- tax benefits of â‚ą1.5 Lakh Rupay of Income Tax Section 80c on opening a Tax Saving Fixed Deposit.
- A Loan from a Bank or a Secured Credit Card is Considered the Easiest way.
Features of Fixed Deposit (FD) in india
Some of The Common Features of (Fixed Deposits) FD are As Follows:
Low Deposit Amount: Currently, The Minimum Amount Required to Book a FD (fixed deposit) is â‚ą100,Rupay which may Vary from Bank to bank & NBFC.
Fixed Tenure Time: The Tenure time of FD Fixed Deposit Can Range From 7 Day to 10 Year.
Fixed Interest Rate: The Interest rate of a Fixed Deposit Remain the same Till Maturity & Renewal. However, Some Bank Also offer Floating Fixed Deposit Schemes.
Fixed deposit FD rates are mostly linked to RBI benchmarks, changes in these rates may change the rates. to Understand with an Example of SBI offer floating Rate Bulk Term deposit Scheme, in which the Interest rate of Fixed Deposit Are Linked to the Repo Rate.
FD Interest Payout Option: You Can Choose From Interest Payout Options on a Monthly, Quarterly, Half-Yearly and Yearly Basis, wherein the Interest Earned on the Principal Can also be Reinvested to Generate Compound Interest.
Premature Withdrawal: premature Withdrawal is Not Allow, Subject to Penal FD Interest Rate.
Loan on FD: If you have booked your FD in a bank or NBFC and you suddenly need money then you can easily take a loan on your FD.
Fixed Deposit Eligibility Criteria in India
- Indian Residents
- Hindu Undivided Families (HUF)
- Sole Proprietorship Firms
- Partnership Firms
- Limited Companies
- Trust Accounts, etc.
Documents Required to open Fixed Deposits in india
Generally, you all know that most of the bank customers book FD (Fixed Deposit) in the same bank where they already have a bank account. Due to this, banks already have the KYC information of all their existing customers, so new documents may not be required to open a bank fixed deposit account.
However, while booking an FD, new customers have to provide their identity card and address proof to the bank, such as
- Aadhaar card photo copy,
- PAN Card Copy,
- Driving License,
- Passport Copy etc.
If you want to book your FD in a new bank or NBFC, then for this you will have to do KYC and give a recent colored passport size Photo for Verification.
