Best fixed deposit rates
in India
The highest 1-year FD rate today is 8.50%, offered by Muthoot Capital Services. We compare 39 banks every day across SCBs, Small Finance Banks, and NBFCs.
Top rate
8.50%
Muthoot Capital Services · 1-year
SCB average
6.35%
20 commercial banks
SFB average
6.83%
9 small finance banks
Banks tracked
39
SCB · SFB · NBFC
The leaderboard
37 / 39
- 01
Muthoot Capital Services
NBFC · Private
8.50%— - 02
Manipal Housing Finance
NBFC · Private
7.75%— - 03
Utkarsh Small Finance Bank
Small Finance Bank · Private
7.50%— - 04SC
Shriram City Union Finance
NBFC · Private
7.35%— - 05
Suryoday Small Finance Bank
Small Finance Bank · Private
7.25%— - 06
Ujjivan Small Finance Bank
Small Finance Bank · Private
7.20%— - 07
Sundaram Home Finance
NBFC · Private
7.15%— - 08
DCB Bank
Scheduled Commercial Bank · Private
7.15%— - 09
IDFC First Bank
Scheduled Commercial Bank · Private
7.15%— - 10
PNB Housing Finance
NBFC · Private
7.10%— - 11
Mahindra Finance
NBFC · Private
7.00%— - 12
SBM Bank
Scheduled Commercial Bank · Private
7.00%— - 13
Slice SFB
Small Finance Bank · Private
7.00%— - 14
Equitas Small Finance Bank
Small Finance Bank · Private
7.00%— - 15
LIC Housing Finance
NBFC · Private
6.90%— - 16
YES Bank
Scheduled Commercial Bank · Private
6.75%— - 17
AU Small Finance Bank
Small Finance Bank · Private
6.75%— - 18K
KTDFC
NBFC · Private
6.75%— - 19
Unity Small Finance Bank
Small Finance Bank · Private
6.75%— - 20
RBL Bank
Scheduled Commercial Bank · Private
6.70%— - 21
IndusInd Bank
Scheduled Commercial Bank · Private
6.65%— - 22
ICICI Bank
Scheduled Commercial Bank · Private
6.50%— - 23
Axis Bank
Scheduled Commercial Bank · Private
6.45%— - 24
HDFC Bank
Scheduled Commercial Bank · Private
6.40%— - 25
Federal Bank
Scheduled Commercial Bank · Private
6.40%— - 26
Bank of Baroda
Scheduled Commercial Bank · Public
6.30%— - 27
Canara Bank
Scheduled Commercial Bank · Public
6.25%— - 28
Shivalik Small Finance Bank
Small Finance Bank · Private
6.25%— - 29
Kotak Bank
Scheduled Commercial Bank · Private
6.25%— - 30
PNB
Scheduled Commercial Bank · Public
6.10%— - 31
SBI
Scheduled Commercial Bank · Public
6.05%— - 32
Indian Bank
Scheduled Commercial Bank · Public
6.00%— - 33
Bank of India
Scheduled Commercial Bank · Public
6.00%— - 34
Central Bank of India
Scheduled Commercial Bank · Public
6.00%— - 35
Union Bank of India
Scheduled Commercial Bank · Public
6.00%— - 36
ESAF Small Finance Bank
Small Finance Bank · Private
5.75%— - 37
Bank of Maharashtra
Scheduled Commercial Bank · Public
5.00%—
Top rates today are spread across categories, +245 bps above SBI. The leading NBFC, Muthoot Capital Services, offers 8.50%.
Distribution
How rates spread across the market
Each dot is one bank. Small Finance Banks cluster at the top of the range, Scheduled Commercial Banks at the bottom, with NBFCs in between.
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