Following the Reserve Bank of India’s (RBI) recent decision to hold the repo rate steady at 5.25%, India’s leading public and private sector banks continue to offer competitive interest rates on Fixed Deposits (FD).

For retail investors looking to lock in yields, Punjab National Bank (PNB) and ICICI Bank currently lead the pack, offering peak interest rates of up to 7.10% for senior citizens.

Peak Interest Rates & Special Tenures

While standard interest rates vary across tenures, each bank has specific “sweet spot” durations where they offer their absolute highest yields:

• Punjab National Bank (PNB): Offers its peak rates of 6.60% for general citizens and 7.10% for senior citizens. Investors need to lock in their funds for a specific tenure of 444 days to get these yields.

• ICICI Bank: Matches PNB’s senior citizen peak at 7.10% (with general citizens getting 6.50%). These maximum rates are applicable on longer-term tenures ranging from 3 years 1 day to 5 years.

• HDFC Bank: Provides a top tier of 6.50% for general citizens and 7.00% for senior citizens. This peak is active on tenures from 3 years 1 day to less than 4 years 7 months.

• Bank of Baroda (BoB): Reaches its highest rates of 6.45% for general citizens and 6.95% for senior citizens through its specialized bob Square Drive Deposit Scheme, which requires a 444-day maturity period.

• State Bank of India (SBI): Offers peak yields of 6.45% for general citizens and 6.90% for senior citizens. These figures include their high-yield flagship Amrit Vrishti scheme.

Head-to-Head Comparison: FD Interest Rate Ranges

The table below outlines the full operational interest rate ranges (from minimum to maximum available tenures) offered by these five banking institutions as of June 2026:

Investor Note: Senior citizens systematically receive an additional premium of 0.50% to 0.60% across all major commercial banks, acting as a reliable shield for retirement capital against current inflationary trends.

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