Best FD Rates 2026: If you make FD in these banks, you will earn huge profits, you are getting interest up to 8.10 percent. The Reserve Bank of India has not increased the repo rate. Despite the increase in interest rates, some banks are still offering impressive interest rates on fixed deposits. Fixed deposits are considered safe. This is why the craze for FDs in India remains undiminished. If you want to invest in an FD, you should definitely consider small finance banks. These banks are offering high interest rates of 6 to 8 percent.
It’s important to understand that interest rates aren’t uniform across banks. Interest rates vary depending on the category of bank and the term of the deposit. Even now, select small finance banks are offering their customers robust interest rates of up to 8.10%. Large private sector banks offer a maximum return of 7.35%. Public sector banks offer FD interest rates as high as 6.75%.
Currently, Utkarsh Small Finance Bank offers the highest returns on fixed deposits. The bank is offering a record interest rate of 8.10 percent on a special term FD of 666 days. If you choose a 1-year FD, you will earn 6.00 percent interest, a 3-year term will earn 7.50 percent, a 5-year term will earn 7.00 percent, and a long-term 10-year FD will earn 6.75 percent.
Suryoday Small Finance Bank is also offering 8.10 percent interest on 30-month fixed deposits. The bank offers 7.25 percent interest on 1-year and 3-year fixed deposits, 7.90 percent on longer-term 5-year deposits, and 7.25 percent on 10-year fixed deposits. Shivalik Small Finance Bank is offering its customers a strong interest rate of 7.80 percent on its special short-term FD scheme, which has a term of 21 to 22 months. Additionally, a 1-year FD with this bank offers 6.00 percent interest, a 3-year FD earns 6.75 percent interest, and a 5-year and 10-year FD earns 6.25 percent interest.
Jana Small Finance Bank is also among the banks offering excellent returns on fixed deposits. The bank is offering its customers 7.77 percent interest on fixed deposits with a tenure of 3 to 5 years. If you prefer a shorter or longer term, the bank offers 7.00 percent interest on 1-year FDs, 7.50 percent on 3-year FDs, and 6.50 percent on longer tenures of up to 10 years.
ESAF Small Finance Bank is offering a strong interest rate of 7.75 percent on medium-term FDs of 2 to 3 years. One-year FDs offer 4.75 percent, 3-year FDs offer 6.00 percent, while 5-year and 10-year fixed deposits offer 5.75 percent. Slice Small Finance Bank is also offering 7.75 percent interest on FDs with a unique term of 18 months and 2 days to attract customers. Additionally, investors can earn 6.25 percent annual interest on a 1-year FD, 7.50 percent on a 3-year term, 7.00 percent on a 5-year term, and 6.50 percent on a 10-year term.
Equitas Small Finance Bank is offering customers 7.75 percent interest on a special 888-day fixed deposit. Additionally, those with 1-year and 3-year fixed deposits will receive 7.10 percent interest, while the bank offers 7.00 percent interest on long-term fixed deposits of 5 and 10 years.