Fixed deposits (FDs) continue to be a favored investment avenue for Indian investors, offering guaranteed returns and capital preservation. With interest rates remaining attractive, certain banks are providing returns as high as 8.1 percent annually, making FDs an appealing choice for conservative investors.
Current FD Rate Landscape
As of June 17, 2026, scheduled banks are offering FD rates ranging from 2.5 percent to 8.1 percent for tenures spanning 7 days to 10 years. Small finance banks dominate the rate charts, with a few private sector lenders following closely.
Small Finance Banks Leading the Pack
At the top, Suryoday Small Finance Bank and Utkarsh Small Finance Bank offer the highest FD interest rate among scheduled small finance banks at 8.1 percent annually. Close behind, Shivalik Small Finance Bank and Equitas Small Finance Bank provide rates up to 8 percent. ESAF Small Finance Bank offers a maximum of 7.75 percent, while Jana Small Finance Bank gives up to 7.77 percent. AU Small Finance Bank’s highest slab rate is 7.4 percent, and Ujjivan Small Finance Bank offers up to 7.55 percent.
Private Sector and PSU Banks
Large private lenders offer comparatively lower rates. HDFC Bank and ICICI Bank have maximum FD rates of 6.5 percent, while Axis Bank offers up to 6.45 percent. Among public sector banks, Punjab & Sind Bank leads with 6.85 percent on specific tenures. Bank of Baroda gives up to 6.75 percent, Indian Bank up to 6.8 percent, Union Bank of India and Bank of Maharashtra up to 6.65 percent, and Bank of India up to 6.7 percent. State Bank of India (SBI), the country's largest lender, currently offers a maximum FD rate of 6.45 percent.
Top FD Rates in June 2026
- Suryoday Small Finance Bank: 8.10%
- Utkarsh Small Finance Bank: 8.10%
- Equitas Small Finance Bank: 8.00%
- Shivalik Small Finance Bank: 8.00%
- Jana Small Finance Bank: 7.77%
- ESAF Small Finance Bank: 7.75%
- DCB Bank: 7.50%
- Unity Small Finance Bank: 7.50%
- AU Small Finance Bank: 7.40%
- IDFC First Bank: 7.35%
These rates are as of June 17, 2026, and are subject to change. Investors are advised to check with respective banks for the latest rates and terms.
