Best Savings Account & Term Deposit Interest Rates in India (General & Senior Citizens) 2026

 

Savings Account & Term Deposit Interest Rates in India (General & Senior Citizens)

Selecting the right savings account or term deposit is essential to earn interest efficiently while keeping risk low. Banks and financial institutions in India offer different rate of interest based on tenure, deposit amount, and customer category such as general public or senior citizens (60 years and above).

This guide provides a clean comparison framework for savings accounts and fixed deposit interest rates, allowing you to update rates easily as banks revise them.

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Savings Account Interest Rates – General Public

A savings account helps you earn interest on idle balances while offering liquidity. Interest is calculated daily and credited periodically.

Savings Account Interest Rate Comparison (Fill Rates)

Term Deposits (Fixed Deposits) – Overview

A term deposit (fixed deposit) allows you to invest a lump-sum principal amount for a fixed tenure at a fixed interest rate. The interest income is predictable, making FDs popular among conservative investors.

Key elements to track:

• Deposit amount

• Lock in period

• Maturity date

• Interest payout option

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Fixed Deposit Interest Rates

FD Interest Rate

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. Shivalik small finance bank: 8.8% (8.3%) 18 months -2 yrs [Not in TS] 
4. Suryodaya Small Finance Bank: 8.0% (8.0%) for 36 months (18-Jan)
5. Utkarsh: 8% (7.5%) for 2-3 yrs (Dec 2025)
6. ESAF: 8.0% for 2-3 yrs days [March-2026]
7. Equitas Small Finance Bank: 8.0% (7.4%) for 444 d [Mar 2026]
8. Jana Bank: 8.0% (7.5%) for 2-3 yrs, (18 Jan)
9. Ujjivan: 7.95 (7.45) for 12 months [1 Nov]
10. Capital Small finance bank: 7.65% (7.15) for 12 months [North India only] [Mar 2026]

Other Banks: Senior Citizen (Non-seniors)

1. Yes Bank: 7.75 (7.0) 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: 7.2 % (6.8%) for 444 days [26-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