FD Interest Rates : These 5 banks are offering the highest interest rates on long-term deposits, check the list here

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FD Interest Rates: Most banks in the country offer interest rates between 6 and 7 percent on one-year fixed deposits. Some banks are offering more than 7 percent interest on one-year FDs. However, interest rates vary among some banks. Let’s find out which banks are paying how much interest on FDs?

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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