Banks
FD interest rates compared, October 2026
Most large banks have not raised FD rates since the RBI's October rate hike. Special tenures such as 444 and 555 days pay the most.
FD rates, October 2026
| Bank | 1 year | Best rate | Best for seniors | Tenure for best rate |
|---|---|---|---|---|
| Bank of Baroda | 6.25% | 6.75% | 7.25% | 555 days |
| Punjab National Bank | 6.25% | 6.60% | 7.10% | 444 days |
| HDFC Bank | 6.25% | 6.50% | 7.10% | 3 years 1 day to 4 years 7 months |
| ICICI Bank | 6.25% | 6.50% | 7.10% | 3 years 1 day to 5 years |
Source: Bank websites, via Upstox
Rates for deposits below ₹3 crore. HDFC Bank rates effective August 19, ICICI Bank October 13, PNB June 1 and Bank of Baroda June 12, 2026.
Best FD rate for senior citizens, %
Source: Bank websites, via Upstox
Source: Bank websites, via Upstox. Check with your bank before investing, as rates change often.
How these compare
Government small savings schemes currently pay more than these banks for similar tenures. The post office 5-year time deposit pays 7.5%, against 6.30% to 6.50% at these banks for five years. See small savings rates, or work out your maturity amount with the FD calculator.