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Theo

● FD Investment Expert

📈 Hi! I'm Theo, your FD investment guide.

Ask me about the best FD rates, which bank to choose, DICGC insurance, or how FDs are taxed.

📈 Fixed Deposits — Best Rates 2026

Earn up to 8.30% p.a. — guaranteed returns, DICGC insured up to ₹5L per bank. Zero risk to capital.

8.30%Best Rate
₹5 LDICGC Cover
7 daysMin Tenure
✅ Guaranteed Returns — No Market Risk
🛡️ DICGC Insured up to ₹5L per Bank
⚡ Book in Minutes — Fully Digital

Compare FD Rates — 2026

Best rates from Small Finance Banks, NBFCs & Private Banks. All DICGC insured. Sorted by highest rate.

🔍 Filter

6%+

FD Rate Comparison

Bank / NBFCMax Rate (Regular)Max Rate (Sr. Citizen)Best TenureType
Shivalik Small Finance Bank
Highest Rate
8.30% p.a. Highest8.80%1 yr 10 moSFB
Suryoday Small Finance Bank
Monthly Payouts
8.10% p.a.8.10%5 yearsSFB
Shriram Finance
8.10% p.a.8.10%3–5 yearsNBFC
Unity Small Finance Bank
Best 1-Year Rate
8.00% p.a.8.50%1 yearSFB
Utkarsh Small Finance Bank
8.00% p.a.8.00%2–3 yearsSFB
Ujjivan Small Finance Bank
7.95% p.a.7.95%2 yearsSFB
Slice Small Finance Bank
7.75% p.a.7.75%1 yr 6 moSFB
Bajaj Finance
AAA Rated
7.30% p.a.7.30%2 yearsNBFC
IndusInd Bank
7.00% p.a.7.50%555 daysPvt Bank
South Indian Bank
6.70% p.a.7.20%2 yearsPvt Bank
* All banks above are DICGC insured (₹5L per depositor per bank). Rates as of March 2026. Senior citizen rates 0–0.50% higher.

Detailed FD Rate Slabs

Tenure-wise rates for each bank. Click any row above to see details, or enquire for personalised guidance.

Shivalik SF Bank 8.30% Max

TenureRegularSr. Citizen
6 months3.50%4.00%
1 year6.00%6.50%
1 yr 5 mo7.05%7.55%
1 yr 10 mo ⭐7.80%8.30%
3 years6.75%7.25%
5 years6.25%6.75%

Suryoday SF Bank Monthly Payouts

TenureRegularSr. Citizen
7 days4.00%4.20%
6 months6.50%6.70%
1 year7.25%7.45%
1 yr 6 mo7.60%7.95%
2 years7.25%7.45%
5 years ⭐7.90%8.10%
10 years7.25%7.45%

Shriram Finance NBFC — AAA

TenureRegularSr. Citizen
1 year7.00%7.50%
2 years7.25%7.75%
3 years ⭐7.60%8.10%
5 years ⭐7.60%8.10%

Unity SF Bank Best 1-Year

TenureRegularSr. Citizen
202 days6.25%6.75%
1 year ⭐7.50%8.00%
1 yr 6 mo6.75%7.25%
501 days6.75%7.25%
3 years6.75%7.25%
5 years6.00%6.50%

Utkarsh SF Bank

TenureRegularSr. Citizen
7 days4.00%4.50%
1 year6.00%6.50%
1 yr 2 mo7.25%7.75%
2 years ⭐7.50%8.00%
3 years ⭐7.50%8.00%
4 years7.25%7.75%
5 years7.00%7.50%

Ujjivan SF Bank

TenureRegularSr. Citizen
1 month4.15%4.65%
3 months4.65%5.15%
6 months5.50%6.00%
18 months7.25%7.75%
24 months ⭐7.45%7.95%
36 months7.20%7.70%

Slice SF Bank

TenureRegularSr. Citizen
6 months6.25%6.50%
1 yr 6 mo7.25%7.25%
1 yr 6 mo 1d ⭐7.75%7.75%
2 yr 4 mo7.50%7.50%
3 years7.50%7.50%
5 years7.00%7.25%

Bajaj Finance AAA Rated

TenureRegularSr. Citizen
1 yr 3 mo6.75%7.10%
1 yr 6 mo6.75%7.10%
2–5 years ⭐6.95%7.30%

IndusInd Bank

TenureRegularSr. Citizen
46 days4.50%5.00%
1 yr 4 mo6.75%7.25%
555 days ⭐7.00%7.50%
2 years6.90%7.40%
3 years6.90%7.40%
5 years6.65%7.15%

FD Maturity Calculator

See exactly how much your FD will grow

Your FD Details

Maturity Amount
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Interest Earned
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Effective Yield

💡 Interest compounded quarterly. TDS applicable if interest exceeds ₹40K/year (₹50K for senior citizens).

About Fixed Deposits

What is a Fixed Deposit?

A Fixed Deposit (FD) is a savings instrument where you deposit a lump sum for a fixed tenure at a guaranteed interest rate. Your principal is completely safe and returns are predetermined — no market risk.

Why Small Finance Banks Offer Higher Rates

Small Finance Banks (SFBs) are RBI-regulated banks that must maintain higher interest rates to attract deposits. They are just as safe as regular banks — all deposits up to ₹5 lakh per depositor are insured under DICGC (RBI's subsidiary).

DICGC Insurance — What It Covers

  • ₹5 lakh per depositor per bank (principal + interest combined)
  • Covers savings, current, FD, RD accounts
  • If you have ₹5L in FD + ₹1L in savings = only ₹5L covered total
  • Strategy: Spread deposits across banks to maximise coverage

FD vs Savings Account

FDSavings A/c
RateUp to 8.30%Up to 7.50%
LiquidityOn maturity (penalty for early)Any time
RiskZero (DICGC covered)Zero
TaxInterest fully taxableInterest taxable

Tax on FD Interest

  • FD interest is added to your income and taxed at your slab rate
  • TDS: 10% TDS deducted if annual interest exceeds ₹40,000 (₹50,000 for senior citizens)
  • Submit Form 15G/15H to avoid TDS if your total income is below the taxable limit
  • Tax-saving FD: 5-year FD under Section 80C — up to ₹1.5L deduction (lock-in, no premature withdrawal)

Frequently Asked Questions

Yes. Small Finance Banks are licensed by RBI and all deposits (across all account types) up to ₹5 lakh per depositor are insured by DICGC — an RBI subsidiary. In over 90 years of DICGC history, all insured depositors have been paid. To maximise safety, spread deposits across multiple banks so each remains under ₹5L.
Yes, premature withdrawal is possible. Most banks allow it but charge a penalty of 0.50–1% reduction in interest rate. Some tax-saving FDs (5-year 80C FDs) cannot be broken prematurely. Always check the premature withdrawal terms before booking.
Cumulative FDs compound interest and pay everything at maturity — better for wealth building. Non-cumulative FDs pay interest at regular intervals (monthly, quarterly, yearly) — better for those needing regular income, like retirees. The effective yield is the same.
If your total annual income is below the taxable limit, submit Form 15G (regular citizens) or Form 15H (senior citizens) to your bank at the start of each financial year. This prevents TDS deduction. If TDS is already deducted and your income is below the limit, you can claim a refund when filing your ITR.
At 8% p.a. compounded quarterly for 3 years, ₹5L grows to approximately ₹6.35L — earning ₹1.35L in interest. For a 5-year FD, it grows to ~₹7.43L earning ₹2.43L. Use our calculator above for your exact numbers.

Grow Your Money Safely — Start an FD Today

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Theo

Your AI Financial Expert

👋 Hi! I'm Theo, your AI financial expert. What are you looking for today?