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FD Rates 2025: Here’s how public, private and small finance banks compare on fixed deposit rates
FD Rate 2025: Here’s how India’s major banks stack up on FD rates right now
With banks frequently revising their fixed deposit (FD) interest rates in line with liquidity conditions and the ongoing rate cycle, depositors are once again comparing returns across institutions to decide where to park their money. Public sector, private sector and small finance banks are offering sharply different interest slabs this year. Here’s how India’s major banks stack up on FD rates right now:
SBI FD Interest Rates: State Bank of India currently offers FD interest rates of about 3.05% to 6.60% per annum for regular depositors, depending on tenure. Senior citizens earn around 0.50 percentage point higher, with peak rates near 7.10% on select buckets. A one-year fixed deposit fetches 6.25% for regular depositors and 6.75% for senior citizens.
PNB FD Interest Rates 2025: Punjab National Bank offers FD interest rates from 3.00% to 6.60% for the general public, with senior citizens getting up to 6.90% on certain tenures. A one-year FD earns 6.25% for regular depositors and 6.75% for senior citizens.
HDFC Bank FD Interest Rates 2025: HDFC Bank’s retail FD rates range between 2.75% and 6.60% for regular customers, while senior citizens can earn up to about 7.10% on select tenures. For a one-year maturity, regular depositors typically get 6.25%, and senior citizens 6.75%.
ICICI Bank FD Interest Rates: ICICI Bank offers retail FD interest rates between 2.75% and 6.60% per annum for the general public and 3.25% to 7.10% for senior citizens. For 1 year to less than 18 months, the FD rate is 6.25% for regular depositors and 6.75% for senior citizens.
Bank of Baroda FD Rates: Bank of Baroda currently offers FD rates of around 3.50% to 6.60% per annum for the general public and 4.00% to 7.10% for senior citizens, depending on tenure. For a standard one-year deposit, the rate is 6.25% for regular investors and 6.75% for senior citizens.
Kotak Mahindra Bank FD Rates: Kotak Mahindra Bank’s FD interest rates range from 2.75% to 6.70% for regular customers, with senior citizen rates going up to about 7.10%. A typical one-year FD offers 6.25% for regular depositors and 6.75% for senior citizens.
Axis Bank FD Interest Rates: Axis Bank currently offers retail FD rates of 3.00% to about 6.60% for the general public, while senior citizens can earn up to around 7.10% on some tenures. For 1 year to 1 year 10 days, the FD rate is 6.25% for regular investors and 6.75% for senior citizens.
Bandhan Bank FD Rates: Bandhan Bank offers FD returns ranging from 2.95% to 7.20% for regular customers and up to 7.70% for senior citizens. A one-year FD currently earns 7.00% for the general public and 7.50% for senior citizens.
DCB Bank FD Rates: DCB Bank provides FD rates in the band of 3.75% to around 7.20% per annum for regular depositors and 4.00% to about 7.70% for senior citizens. For tenures around one year, rates are typically about 6.90%–7.00% for regular customers and 7.15%- 7.50% for senior citizens.
Small Finance Banks: Highest FD Rates in 2025
Small finance banks continue to offer the most aggressive FD rates this year, often more than 150–200 basis points higher than large banks for similar tenures.
Unity Small Finance Bank: up to 8.60% for select 1001-day deposits; senior citizens can earn up to 9.10%.
Suryoday Small Finance Bank: peak rates around 8.40% on 30–36-month tenures.
Utkarsh Small Finance Bank: up to 8.25% on 2–3 year buckets.
Jana Small Finance Bank: up to 8.20% on medium-term deposits.
With senior-citizen add-ons, effective rates at some SFBs approach or cross 9%, making them the most attractive option for yield-seeking depositors.
Why Do FD Rates Vary So Widely Across Banks?
Banks adjust FD rates based on credit demand, their deposit mobilisation needs, and the broader interest-rate environment. Public sector banks generally maintain moderate rates in a narrow band, driven by stability and lower cost pressures. Private banks revise more dynamically, while small finance banks offer the highest rates to attract fresh deposits.
As FD rates continue to shift through 2025, depositors should compare banks carefully and lock in favourable rates when available.
Delhi, India, India
November 28, 2025, 12:51 IST
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