In the current financial landscape, fixed deposits (FDs) remain a popular investment choice for risk-averse individuals seeking stable returns. As of June 2026, major banks in India have revised their FD interest rates to attract depositors amidst changing economic conditions. Here is a comprehensive comparison of the latest FD rates offered by leading banks, including State Bank of India (SBI), HDFC Bank, ICICI Bank, and others.
State Bank of India (SBI) FD Rates
SBI, the country's largest public sector bank, offers competitive interest rates on fixed deposits. For general citizens, the rates range from 3.50% to 7.00% per annum, depending on the tenure. Senior citizens receive an additional 0.50% on all tenures. The highest rate of 7.00% is applicable for tenures between 1 year and 5 years. For shorter tenures, such as 7 days to 45 days, the rate is 3.50%. For 46 days to 6 months, it is 4.50%, and for 6 months to 1 year, it is 5.50%.
HDFC Bank FD Rates
HDFC Bank, a leading private sector bank, offers FD rates ranging from 3.50% to 7.50% per annum for general depositors. Senior citizens get an extra 0.50% on all tenures. The maximum rate of 7.50% is available for tenures of 1 year to 5 years. For tenures of 7 days to 14 days, the rate is 3.50%; for 15 days to 29 days, it is 4.00%; for 30 days to 45 days, it is 4.50%; for 46 days to 6 months, it is 5.50%; and for 6 months to 1 year, it is 6.00%.
ICICI Bank FD Rates
ICICI Bank offers FD rates between 3.50% and 7.25% per annum for general depositors. Senior citizens get an additional 0.50%. The highest rate of 7.25% applies to tenures of 1 year to 5 years. For tenures of 7 days to 14 days, the rate is 3.50%; for 15 days to 29 days, it is 4.00%; for 30 days to 45 days, it is 4.50%; for 46 days to 6 months, it is 5.50%; and for 6 months to 1 year, it is 6.00%.
Other Major Banks
Punjab National Bank (PNB)
PNB offers FD rates from 3.50% to 7.00% for general depositors, with an additional 0.50% for senior citizens. The highest rate is for tenures of 1 year to 5 years.
Bank of Baroda
Bank of Baroda provides FD rates ranging from 3.50% to 7.10% for general depositors, with a 0.50% senior citizen bonus. The maximum rate is for tenures of 1 year to 5 years.
Axis Bank
Axis Bank offers FD rates between 3.50% and 7.25% for general depositors. Senior citizens receive an extra 0.50%. The peak rate is for tenures of 1 year to 5 years.
Key Considerations for Investors
When choosing an FD, investors should consider factors such as tenure, interest rate, and the bank's credibility. Senior citizens should opt for banks offering higher rates for their age group. Additionally, some banks offer special rates for deposits above certain amounts, such as Rs. 1 crore. It is advisable to compare rates across banks and use online FD calculators to estimate returns. Fixed deposits continue to be a safe investment, especially for those seeking guaranteed returns without market volatility.
