Best Interest Rates on Savings and Term (Fixed) Deposits 2025

Looking to compare the latest fixed deposit interest rates in India? Our blog provides updated information on FD interest rates and fixed deposit interest rates offered by every major financial institution. Whether you are a regular investor or have crossed 60 years, you can easily find which term deposits offer the best rate of interest, highest interest payout, and most flexible lock-in period for your needs. We explain the types of term deposits, including recurring deposit options, so you understand how your principal amount and deposit amount will earn interest until the maturity date. You’ll also learn how interest income from FDs is treated under income tax rules and what various FDs offer to help you maximize returns. If you're seeking clarity before locking in a fixed interest rate, this blog is the perfect guide for choosing the right term deposit in India for both normal and senior citizens.

Term Deposit Rates: Senior Citizens (General)

Small Finance Banks

1. Unity Small : 9.5% (9%) [Not in TS] [Aug]
2. North East Small Finance Bank: 9.5% (9.0%) for 555 days or 1111 days [Only North East]
3. Suryodaya Small Finance Bank: 8.1% (8.05%) for 36 months (5-Jun)
4. Utkarsh: 8.15 % (7.65%) for 2-3 yrs (7-Jul2y 2025)
5. Shivalik small finance bank: 8.8% (8.3%) 18 months -2 yrs [Not in TS] 
6. ESAF: 8.75% for 2-3 yrs days [14-April-2024]
7. Equitas Small Finance Bank: 8.75% (8.25%) for 444 d [Nov 2024]
8. Jana Bank: 8.0% (7.5%) for 2-3 yrs, (18 Oct)
9. Ujjivan: 8.75 (8.25) for 12 months [Not in TS] [1 Nov]
10. Capital Small finance bank: 8% (7.5) for 12 months [North India only] [Nov 2024]

Other Banks: Senior Citizen (Non-seniors)

1. Yes Bank: 7.75 (7.10) for 36 M to 60 M [25-Aug]
2. Bandhan Bank: 7.7% (7.2%) for 1 y days [Oct]
3. RBL Bank: 7.7% (7.2) for 500 Days [Oct]
4. AU Bank: 7.6% (7.1) for 18 months (6-Jun)
5. IndusInd Bank: 7.5% (7.00%) for 1 y 5 M to 1Y 6M [25 Sept 25]
6. Idfc First Bank: 7.5% (7%) for 500 D [Sept 2025]
7. Karur V Bank: 8 % (7.5%) for 444 days [1-Sept]
8. HDFC Bank: 6.95% (6.45%) for  21m [17-Dec]
9. ICICI Bank: 7.1% (6.6) for above 15m [28-Jun]
10. Axis Bank: 7.75 (7.1%) for 15m [12-Oct]
11. Canara Bank: 7.75% (7.25%) for 444 days [01-June]
12. Indian Overseas Bank: 7.75% (7.25) for 444 days [06-June]
13. Bank of Baroda: 7.55% (7.05) for 2-3 y [May-2023]
14. Union Bank of India: 7.5% (7%) for 399 days [01-June]
15. SBI: 7.5%  (7%) 2-3 y [Feb-2023]
16. IDBI Bank: 7.5% (7%) for 2-3 y [12-Nov]

List of Bank in India

DICGC

Savings Account Interest Rates

1. IDFC First:  3     upto 5L           7.25  5 to 50 Cr     [15-July-2024]
2. AU Bank:    2.75%     upto 3 L,         4     3 to   5 L
3. Utkarsh :     4.0 upto 1 L,         6.5 beyond 1 L
4. RBL Bank:  3.0 upto 5 L,         5.5 1 to 10 L  [[01-Oct-2024]
5. Bandhan:    3     upto 1 L,         6    1 to 10 L
6. IndusInd:    2.5%  upto 1 L         5%  1 to 5 L
7. Suryodaya: 2.5  upto 1 L,         5    1 to   5 L, 6% beyond 5 L [2-Sept-2023]
8. Yes Bank:   3%   upto 1 L       4 1 to 5
9. IDBI Bank:  3%  
10. HDFC:        3% up to 50 L
11. ICICI:          3% up to 50 L
12. Union Bank: 2.9%
13. SBI:              2.7% 
14. Bank of Baroda: 2.75%
15. Jana Bank:  2.5   upto 1 L,         5    1 to   5 L, 7.5% beyond 5 L [3-Oct-2024]
16. Karur V :       2.25%

Other Long Term Options with Lock in

1. PMVVY: 7.6% Lock in of 10 yrs [Scheme discontinued]
2. Senior Citizens Savings Scheme: 8.2%
3. RBI Floating Rate: 7.15% [You can invest online via HDFC]
4. Public Provident Fund: 7.1 % Lock in of 15 yrs and 5 yrs thereafter (Best due to EEE taxation in-spite of low rate)