FD Interest Rates: Fixed deposits (FDs) have always been considered a safe and guaranteed option for investors. They are preferred because they offer both good short-term interest rates and the ability to withdraw funds when needed. Investing in fixed deposits is also considered a better option. The biggest advantage is that it provides both security and fixed returns. There is no risk of any kind. Different banks offer different interest rates on fixed deposits. Before making a fixed deposit, be sure to compare the interest rates offered by different banks.

Banks generally offer higher interest rates on long-term deposits. A three-year fixed deposit (FD) is likely to yield higher interest than a one-year fixed deposit. We are telling you how much interest the country’s major banks are offering on long-term fixed deposits.

HDFC Bank

HDFC Bank offers 6.45% interest on three-year deposits, 6.25% on one-year deposits, and 6.45% on two-year deposits. These rates are effective from June 25, 2025. Senior citizens receive an additional 50 basis points discount.

ICICI Bank

ICICI Bank offers a three-year FD at 6.6% per annum. Senior citizens receive 7.1% interest. One-year fixed deposits offer 6.40% interest. An investment of ₹1 lakh here will yield ₹1.06 lakh upon maturity.

Kotak Mahindra Bank

Kotak Mahindra Bank offers 6.4% interest on three-year fixed deposits for general public and 6.90% for senior citizens. One-year FDs offer 6.25% interest, and two-year FDs offer 6.4% interest. These rates came into effect on August 20th.

State Bank of India (SBI)

The country’s largest public sector bank, State Bank of India (SBI), offers 6.3% interest on three-year FDs, and 6.8% for senior citizens. These rates are effective from July 15, 2025. Investors can earn 6.25% and 6.45% annual interest on one-year and two-year FDs, respectively.

Bank of Baroda

Bank of Baroda offers 6.50% interest on three-year FDs, and 7% for senior citizens. However, for general citizens, 6.25% and 6.5% interest are available on one-year and two-year deposits. These new rates came into effect on September 12th.

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After the increase in the repo rate by the Reserve Bank of India (RBI), banks have also started increasing the interest rates. Apart from increasing the interest rate on loans, interest rates on bank deposits have also started increasing. Meanwhile, IDFC First Bank of the private sector of the private sector has increased the rates of interest on fixed deposits i.e. FDs.

New rates effective from August 16, 2022

IDFC First Bank has increased the interest rates for FDs below Rs 2 crore. The new rates have become effective from August 16, 2022. The bank is offering interest rates ranging from 3.50 percent to 6.00 percent to its general customers on FDs of less than 20 million. Along with this, the bank offers 0.50 percent higher interest rate to senior citizens.

IDFC First Bank interest rates

7 to 14 days – 3.50 per cent
15 to 29 days – 3.50 per cent
30 to 45 days – 4.00 per cent
46 to 90 days – 4.00 per cent
91 to 180 days – 4.50 per cent
181 days to 1 year – 5.75 per cent
1 Year 1 day to 499 days – 6.25 per cent
500 days to 2 years – 6.50 per cent
2 years 1 day-749 days – 6.50 per cent
750 days – 6.90 per cent
751 days – 3 years – 6.50 per cent
3 years 1 day-5 years – 6.50
Percentage 5 Years 1 Day-10 Years – 6.00 percent

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