Fixed deposits (FDs) remain a popular savings option for people who want predictable returns without direct exposure to stock market fluctuations. However, the interest rates offered by banks vary significantly depending on the deposit tenure, bank category and depositor type.
In November 2026, several public sector banks, private lenders and small finance banks are offering attractive FD interest rates. General customers can earn up to 8.25% per annum on select deposits, while some banks are offering different rates for senior citizens.
Small finance banks currently lead the comparison, but private sector and public sector banks also have competitive options for depositors who prefer different banking institutions.
Here is a comparison of 15 banks offering some of the highest fixed deposit interest rates to regular customers in November 2026.
Small Finance Banks Offering the Highest FD Interest Rates
Small finance banks are offering some of the most competitive FD rates this month. Suryoday Small Finance Bank is leading the comparison with an interest rate of 8.25% on a five-year fixed deposit.
Ujjivan and Utkarsh Small Finance Banks are also offering rates of up to 8.10% on selected deposit tenures.
The following rates are for general customers:
| Small Finance Bank | Highest FD Rate | Applicable Tenure |
|---|---|---|
| Suryoday Small Finance Bank | 8.25% | 5 years |
| Utkarsh Small Finance Bank | 8.10% | 666 days |
| Ujjivan Small Finance Bank | 8.10% | 3 years 1 day to 3 years 6 months |
| Shivalik Small Finance Bank | 8.00% | 23 months 1 day to 27 months |
| Equitas Small Finance Bank | 8.00% | 3 years 1 day |
Suryoday Small Finance Bank offers the highest rate in this category. Utkarsh and Ujjivan follow with 8.10% on their respective special tenures.
However, depositors should check the conditions attached to each FD scheme. Some special products may have different premature withdrawal rules.
Private Banks Offering Up to 7.75% Interest on FDs
Private sector banks are also offering competitive interest rates, with DCB Bank leading this category at 7.75% per annum.
SBM Bank follows with 7.65%, while Bandhan Bank offers up to 7.45% on selected deposit periods.
Here are the five private banks offering some of the highest FD rates:
| Private Bank | Highest FD Rate | Applicable Tenure |
|---|---|---|
| DCB Bank | 7.75% | 17 to 20 months |
| SBM Bank | 7.65% | Above 18 months to less than 2 years 3 days |
| Bandhan Bank | 7.45% | 2 years to less than 3 years |
| City Union Bank | 7.30% | 556 days to 3 years |
| YES Bank | 7.25% | 18 months 1 day to less than 24 months |
For customers looking for a one-year FD, SBM Bank offers a maximum rate of 7.50% among these five private banks. City Union Bank offers 7.30% on three-year deposits.
The highest advertised rate does not necessarily mean that the same bank will offer the best return for every investment period. Customers should compare rates for their preferred tenure before booking an FD.
Government Banks Offering the Highest FD Interest Rates
Public sector banks generally offer lower maximum FD rates than small finance banks, but many depositors prefer them when comparing established banking institutions.
In November 2026, Central Bank of India is offering the highest rate among the five public sector banks in this comparison, at 7% per annum on selected long-term deposits.
Here is the list:
| Public Sector Bank | Highest FD Rate | Applicable Tenure |
|---|---|---|
| Central Bank of India | 7.00% | 2,222 days and 3,333 days |
| Punjab & Sind Bank | 6.90% | 666 days |
| Bank of India | 6.85% | 999 days |
| Indian Bank | 6.80% | 555 days (Ind Grow scheme) |
| Canara Bank | 6.75% | 555 days |
Bank of India is offering 6.85% on its 999-day deposit, while Indian Bank offers up to 6.80% on its 555-day Ind Grow scheme.
These rates are applicable to general customers and may differ for senior citizens and other eligible categories.
Which Bank Is Offering the Highest FD Interest Rate in November 2026?
Based on the available rate comparison as of November 11, 2026, Suryoday Small Finance Bank is offering the highest rate among the 15 banks listed, at 8.25% per annum.
DCB Bank leads the private sector category with 7.75%, while Central Bank of India tops the public sector category with 7%.
The comparison is summarised below:
| Bank Category | Highest Rate | Leading Bank |
|---|---|---|
| Small Finance Banks | 8.25% | Suryoday Small Finance Bank |
| Private Banks | 7.75% | DCB Bank |
| Public Sector Banks | 7.00% | Central Bank of India |
These are maximum advertised rates for specific deposit periods, not uniform rates across all FD tenures.
What Should You Check Before Investing in an FD?
Before opening a fixed deposit, comparing interest rates is important, but it should not be the only consideration. A few other factors can affect the overall value of your investment.
1. Check the deposit tenure: The highest interest rate may apply only to a specific period, such as 666 days, 999 days or five years. Compare rates for the period during which you can keep your money invested.
2. Understand premature withdrawal charges: Banks may impose penalties or apply a lower interest rate if you withdraw the money before maturity. Check the applicable conditions before booking the FD.
3. Compare senior citizen rates: Many banks offer additional interest to eligible senior citizens. Their rates are different from those available to regular depositors.
4. Consider tax on FD interest: Interest earned on FDs is generally taxable according to the depositor’s applicable income tax slab. The post-tax return may therefore be lower than the advertised interest rate.
5. Check deposit insurance: Under the DICGC scheme, eligible bank deposits, including fixed deposits, are insured up to ₹5 lakh per depositor per bank. This limit includes both principal and interest and applies to deposits held in the same capacity and right across the bank’s branches.
Final Takeaway
Small finance banks are currently offering the highest FD interest rates in the November 2026 comparison. Suryoday Small Finance Bank leads with 8.25%, followed by Utkarsh and Ujjivan Small Finance Banks at 8.10%.
Among private lenders, DCB Bank offers up to 7.75%, while Central Bank of India leads the public sector category with 7%.
However, investors should not select an FD solely on the basis of its highest advertised rate. Deposit tenure, premature withdrawal conditions, taxation and deposit insurance coverage should also be considered before investing.
Disclaimer: FD interest rates are subject to revision and may vary by deposit amount, tenure, customer category and scheme conditions. The rates in this comparison are for general customers and are based on information available as of November 11, 2026. Confirm the applicable rate and terms with the respective bank before making an investment decision.