Fixed Deposit Rates
Compare & Invest Smart

Discover the best fixed deposit interest rates across India's top banks. Compare FD rates, calculate returns, and make informed investment decisions with our comprehensive FD guide.

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FD Calculator

Calculate your fixed deposit maturity amount, interest earned, and effective yield. Plan your FD investment with our easy-to-use calculator.

₹1,000 - ₹10,00,00,000

%

Annual rate

YRS

1-10 years

Maturity Value

₹0

After 5 years

Interest Earned

₹0

Quarterly compounding. Actual returns may vary based on TDS deductions. Senior citizens eligible for higher rates.

What is a Fixed Deposit (FD)?

A Fixed Deposit (FD) is one of the most popular investment instruments in India, offering guaranteed returns with minimal risk. When you open an FD account, you deposit a lump sum amount with a bank or financial institution for a predetermined period at a fixed interest rate. The tenure can range from 7 days to 10 years, and the interest rates vary based on the deposit amount, tenure, and type of depositor.

Why Choose Fixed Deposits?

Guaranteed Returns

Unlike market-linked investments, FDs offer predetermined returns that remain unaffected by market volatility. Your interest rate is locked in at the time of booking.

Safe & Secure

Bank FDs are insured by DICGC up to ₹5 lakh per bank, providing additional security to your investment. Government banks offer sovereign guarantee.

Tax Benefits

Tax-saving FDs offer deduction up to ₹1.5 lakh under Section 80C of the Income Tax Act, helping you save taxes while earning guaranteed returns.

Flexible Options

Choose from various tenure options, interest payout frequencies, and special schemes. Senior citizens enjoy higher rates, typically 0.25% to 0.5% extra.

Current FD Rate Trends in India (2026)

Fixed deposit rates in India have seen significant movement in recent years, influenced by RBI's monetary policy and economic conditions. As of January 2026, here's what you need to know about current FD rates:

  • •Short-term FDs (7 days to 1 year): Rates range from 3% to 6.5% p.a. for general customers and 3.5% to 7.15% p.a. for senior citizens.
  • •Medium-term FDs (1 to 3 years): Offering the most competitive rates, ranging from 7% to 7.5% p.a. for general customers and up to 8% p.a. for senior citizens.
  • •Long-term FDs (3 to 10 years): Rates vary from 6.5% to 7.25% p.a., with senior citizens earning 7% to 7.8% p.a.

How to Choose the Best FD?

  1. Compare Interest Rates: Use our comparison table to find the highest rates for your preferred tenure.
  2. Check Bank Rating: Consider the bank's credit rating and stability, especially for large deposits.
  3. Calculate Returns: Use our FD calculator to see exact maturity amounts and compare different scenarios.
  4. Review Features: Check for loan facility, premature withdrawal terms, and auto-renewal options.
  5. Consider Tax Impact: Factor in TDS and your tax slab when calculating actual post-tax returns.

Types of Fixed Deposits

Regular FD

Standard fixed deposits with flexible tenure and interest payout options. Ideal for general savings and investment goals.

Tax-Saving FD

5-year lock-in deposits eligible for deduction under Section 80C. Perfect for tax planning and long-term savings.

Senior Citizen FD

Special FD schemes for citizens aged 60+ with higher interest rates and additional benefits.

Our Partner Banks

We've partnered with India's leading banks to bring you the best rates and exclusive benefits

Featured
Partner
Suryoday Small Finance Bank

Suryoday Small Finance Bank

Suryoday Small Finance Bank FD

Competitive interest rates
Flexible tenure options
Quick and easy application process
DICGC insured up to ₹5 lakh
Partner since 2026
Featured
Partner
Unity Small Finance Bank

Unity Small Finance Bank

Unity Small Finance Bank FD

High interest rates
Senior citizen benefits
Online application available
DICGC insured up to ₹5 lakh
Partner since 2026

How we estimate your returns

The returns displayed on the previous screen are indicative estimates designed to help you understand how your money could potentially grow over time. These projections are intended to offer a simple comparison between keeping money idle in a bank account and investing it in Fixed Deposits.

Below is an overview of how these estimates are calculated.

Your money today

Money that remains idle in savings or current bank accounts typically earns a relatively low rate of interest. On average, such balances earn approximately 2.5%–3% per year, depending on the bank and account type.

Over time, this can significantly limit the growth of your funds.

Your money in Fixed Deposits

Fixed Deposits available through Finanjo are offered in partnership with regulated banks and NBFCs and may earn up to 8% per year.

The exact interest rate applicable to a Fixed Deposit depends on several factors, including:

  • The selected deposit tenure
  • The partner banks offering the Fixed Deposit
  • The prevailing interest rates at the time of booking

Different combinations of these factors may result in different returns.

The blended estimate shown in the app

To keep projections easy to understand and consistent across users, we use a blended average return of 5.5% per year when displaying estimated returns in the app.

This blended rate represents a simplified midpoint between:

  • Money remaining idle in a savings or current account, and
  • Money invested in Fixed Deposits over a period of time

It is used purely for illustration and comparison purposes.

What this means for you

  • •The returns shown are not guaranteed
  • •Actual Fixed Deposit returns may be higher or lower than the estimates shown
  • •Final returns will depend on the specific Fixed Deposit you choose, including its tenure and applicable interest rate

Before you invest, you will always be shown the exact interest rate, tenure, and maturity amount applicable to your selected Fixed Deposit.

Important disclaimer

All projections displayed in the app are for illustrative purposes only and should not be considered financial advice or a promise of returns. Interest rates are subject to change based on partner institutions' policies and prevailing market conditions.

plese read the terms and conditions for more information.

Highest Rates

Compare up to 8.0% p.a. returns across major banks

100% Safe

DICGC insured up to ₹5 lakh per bank

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Quick Compare

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Frequently Asked Questions

Everything you need to know about Fixed Deposits in India

A Fixed Deposit is a financial instrument where you deposit a lump sum amount with a bank for a predetermined period at a fixed interest rate. It's one of the safest investment options with guaranteed returns.
Yes, most banks allow premature withdrawal of FDs with a penalty charge, typically ranging from 0.5% to 1% on the applicable interest rate. However, tax-saving FDs have a mandatory lock-in period of 5 years.
Yes, interest earned on FDs is taxable as per your income tax slab. Banks deduct TDS if the interest earned exceeds ₹40,000 in a financial year (₹50,000 for senior citizens).
Senior citizen FDs offer higher interest rates compared to regular FDs. Citizens aged 60 years and above are eligible for these special rates, which typically offer 0.25% to 0.5% additional interest.
Yes, most banks offer loan or overdraft facilities against FDs, typically up to 75-90% of the deposit amount. The interest rate on such loans is usually 1-2% higher than the FD interest rate.
A Tax Saver FD is a 5-year fixed deposit that qualifies for tax deduction under Section 80C of the Income Tax Act. You can claim a deduction of up to ₹1.5 lakh per financial year by investing in these FDs.
Upon maturity, the principal amount along with accumulated interest is credited to your bank account. Many banks offer an auto-renewal facility where your FD is automatically renewed for the same tenure at prevailing rates unless you provide contrary instructions.