FD Rates 2026– SBI, HDFC, ICICI and Yes Bank Offer Up to 7.75% Interest, Which is best? Know Here

Bank FD Rates May 2026: Investing in a fixed deposit (FD) is often seen as a wise choice. The primary benefit is the combination of security and guaranteed returns. There is no associated risk. As a result, bank FDs are very popular among both regular citizens and senior citizens. Senior citizens receive higher returns on bank FDs compared to others. They ensure a steady income with fixed interest rates without any market risk. Additionally, many banks provide senior citizens with an extra interest rate of 0.25% to 0.50%.

When compared to merely keeping your funds in a savings account, an FD allows you to place money with a bank or financial institution for a predetermined duration at a more attractive interest rate. The duration can vary from 7 days to 10 years. This flexibility enables you to select an option that best fits your needs and earn significant returns. Therefore, if you’re considering investing in an FD, make sure to compare the interest rates offered by various banks. This is the initial step in determining where to invest. Let’s explore the interest rates available at each bank…

State Bank of India

When discussing the largest public sector bank in the country, State Bank of India, it offers an initial interest rate of 3.05% on FDs with a minimum maturity period of 7 to 45 days. On the other hand, the highest interest rates are available on FDs with a maturity period exceeding 2 years but less than 3 years, at 6.45% for general citizens and 6.95% for senior citizens. Moreover, senior citizens can earn 7.05% on FDs with a maturity period of more than 5 years and up to 10 years, subject to specific conditions.

HDFC Bank

HDFC Bank is providing a 6.95% interest rate to senior citizens who invest in tenors ranging from 18 months to 3 years. According to the bank’s official website, India’s largest private sector lender is offering 6.50% interest to general customers on deposits that last more than three years and less than five years (specifically four years and seven months).

 Kotak Mahindra Bank

According to the official website of Kotak Mahindra Bank , senior citizens are getting interest of around 7.30% and general customers are getting interest up to 6.80% on 2 to 3 year tenure.

ICICI Bank

ICICI Bank is India’s second-largest private bank. According to data available on the bank’s official website, senior citizens are earning a maximum interest rate of 7.10% on 3- to 5-year and 5-year tax-saver FDs. For general customers, ICICI Bank offers a maximum interest rate of 6.50% on 3- to 10-year and 5-year tax-saver FDs.

Yes Bank

According to data available on Yes Bank’s official website, the private lender is offering senior citizens a maximum interest rate of 7.75% on FDs with a term of 3 to 5 years . This is the highest interest rate among the major banks covered in this report. For general customers, Yes Bank is offering interest rates of around 7% on FDs with terms ranging from 1.5 years to more than 5 years.