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 Senior Citizen (Non-seniors)

1. Shivalik small finance bank: 8.3% (7.3%) 18 months -2 yrs [Not in TS] 
2. Suryodaya Small Finance Bank: 8.25% (8.0%) for 36 months (25-Apr)
3. ESAF: 8.25% (7.75%) for 2-3 yrs days [March-2026]
4. Utkarsh: 8.25% (7.5%) for 2-3 yrs (May 2026)
5. Unity Small : 8% (7.5%) [Not in TS] [Aug]
6. Equitas Small Finance Bank: 8.0% (7.4%) for 888 d [Mar 2026]
7. Jana Bank: 8.0% (7.5%) for 2-3 yrs, (18 Jan)
8. Slice Small Finance Bank: 7.75% (7.75%) for1.5 yrs [Only North East/Digital]
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: 7.75% (7.25%) for 2-5y [May]
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. Axis Bank: 7.2 (6,45%) for 60m [7-May]
9. HDFC Bank: 6.95% (6.45%) for  21m [17-Dec]
10. ICICI Bank: 7.1% (6.6) for above 15m [28-Jun]
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