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Complete FD Rate Comparison — All Banks (April 2026)
| Bank / Institution | Category | Best Rate | Senior Rate | Best Tenure |
|---|---|---|---|---|
| Shivalik Small Finance Bank 🥇 #1 | Small Finance Bank | 8.30% | 8.80% | 1–2 years |
| Suryoday Small Finance Bank 🥈 #2 | Small Finance Bank | 8.05% | 8.55% | 5 years |
| Utkarsh Small Finance Bank 🥉 #3 | Small Finance Bank | 8.00% | 8.50% | 2 years |
| Ujjivan Small Finance Bank | Small Finance Bank | 7.90% | 8.40% | 12–24 months |
| Unity Small Finance Bank | Small Finance Bank | 7.50% | 8.00% | 1 year |
| Post Office FD Sovereign | Government | 7.50% | 7.50% | 5 years |
| Bajaj Finance AAA Rated | NBFC | 7.30% | 7.65% | 24–36 months |
| HDFC Bank Safe | Private Bank | 7.10% | 7.60% | 15–18 months |
| Axis Bank | Private Bank | 7.00% | 7.75% | 15 months |
| ICICI Bank | Private Bank | 6.90% | 7.40% | 15 months |
| Canara Bank (555 days) Special | Public Sector | 6.60% | 7.10% | 555 days |
| Bank of Baroda Govt. | Public Sector | 6.60% | 7.10% | 1 year |
| SBI Govt. | Public Sector | 6.50% | 7.00% | 2–3 years |
⚠️ Rates shown are indicative as of April 2026 and subject to change. Always verify current rates directly with the bank before investing. Final rates may vary by amount, tenure and customer category.
🌟 Special FD Schemes — 444, 555, 777 Days
Banks launch special FD schemes with unique tenures — often paying 0.10%–0.50% more than their regular FDs for the same period. These are worth considering for savvy investors.
💡 Why odd tenures like 444 or 777 days? Banks use these to manage their asset-liability mix. They offer better rates to attract deposits for specific durations. From an investor's view — free extra returns for a slightly unusual tenure!
⚠️ Special FD schemes are often limited-period or special-tenure offerings. Rates and availability may change without notice. Always verify on the official bank website before investing.
Small Finance Bank FD Rates — Detailed Review
Small Finance Banks are RBI-licensed, DICGC-insured, and offer significantly higher rates than large banks. Here are the top picks:
Shivalik Small Finance Bank
- 8.30% general (1–2 years)
- 8.80% senior citizens
- DICGC insured up to ₹5L
- Strong North India presence
- Online FD booking
- Loan against FD: up to 90%
Suryoday Small Finance Bank
- 8.05% general (5 years)
- 8.25% senior (30 months)
- DICGC insured up to ₹5L
- Tax-saver FD available
- Video KYC — no branch visit
- Established track record
🏛️ Public Sector vs Private Banks — FD Rate Comparison
Side-by-side comparison across all key tenures — verified April 2026:
| Tenure | SBI (PSU) | Canara (PSU) | HDFC (Pvt) | ICICI (Pvt) | Axis (Pvt) |
|---|---|---|---|---|---|
| 1 year | 6.25% | 6.25% | 6.60% | 6.70% | 6.70% |
| 444 days (Special) | 6.45% | 6.50% | — | — | — |
| 555 days (Special) | — | 6.60% | — | — | — |
| 2 years | 6.50% | 6.25% | 7.00% | 6.80% | 7.00% |
| 3 years | 6.50% | 6.25% | 7.00% | 6.80% | 7.00% |
| 5 years | 6.50% | 6.25% | 7.00% | 6.90% | 7.00% |
| 5–10 years | 6.50% | 6.25% | 7.00% | 6.90% | 7.20% |
📊 Key Insight: Private banks offer 0.35%–0.75% higher rates than public sector banks across most tenures. On ₹5L for 5 years this means ₹9,000–₹20,000 extra interest. However PSU banks provide government backing and pan-India branch access.
👴 Senior Citizen FD Rates — April 2026
Senior citizens (60+) receive an extra 0.25%–0.75% on all FDs. Some banks offer super senior rates for 80+ depositors.
| Bank | General Rate | Senior Rate | Extra | Best Tenure |
|---|---|---|---|---|
| Shivalik SFB Highest | 8.30% | 8.80% | +0.50% | 1–2 years |
| Suryoday SFB | 8.05% | 8.25% | +0.50% | 30 months |
| Utkarsh SFB | 8.00% | 8.50% | +0.50% | 2 years |
| HDFC Bank | 7.10% | 7.60% | +0.50% | 15–18 months |
| Axis Bank | 7.00% | 7.75% | +0.75% | 15 months |
| PNB (444 days) | 6.90% | 7.40% | +0.50% | 444 days |
| Canara 555 (Non-callable) | 6.70% | 7.20% | +0.50% | 555 days |
| SBI | 6.50% | 7.00% | +0.50% | 5–10 years |
👴 Senior Tax Tip: Under Section 80TTB, senior citizens can claim deduction of up to ₹1,00,000 per year on FD interest (vs only ₹10,000 for non-seniors under 80TTA). On a ₹10L FD at 7%, earning ₹70,000 interest, a senior citizen in the basic slab pays zero tax — making the effective yield significantly higher.
🧾 Tax Saving FD — Section 80C
Invest up to ₹1.5 lakh in a 5-year Tax Saving FD and claim full deduction under Section 80C. Simple, safe, government-approved.
| Bank | Tax Saver Rate | Senior Rate | Lock-in |
|---|---|---|---|
| Axis Bank | 7.00% | 7.75% | 5 years |
| HDFC Bank | 7.00% | 7.50% | 5 years |
| ICICI Bank | 7.00% | 7.50% | 5 years |
| Canara Bank | 6.50% | 7.00% | 5 years |
| SBI | 6.50% | 7.00% | 5 years |
| Post Office NSC Sovereign | 7.70% | 7.70% | 5 years |
💡 Pro Tips from a Banker
- FD Laddering — Split ₹5L across FDs maturing in 1, 2, 3, 4, 5 years. Reinvest each at prevailing rates. Get liquidity every year while earning long-term rates.
- Stay within DICGC limit — Keep total deposits (FD + savings + RD) at any single bank under ₹5L. Spread across multiple banks if investing more.
- Use Canara 555 Non-Callable wisely — If you don't need the money, the non-callable variant pays 0.10% extra (6.70% vs 6.60% general, 7.20% vs 7.10% senior). Minimum ₹1 crore though.
- Book before rate cuts — When RBI signals rate cuts, lock in long-term FDs immediately at current rates before banks reduce.
- Senior citizen account advantage — Invest in the name of a senior parent to get extra 0.50% plus Section 80TTB tax benefit. Completely legal.
- TDS management — File Form 15G/15H every April if your total income is below the taxable limit. Prevents unnecessary TDS deduction of 10%.
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⚠️ Disclaimer: All FD rates are indicative and based on publicly available information as of April 2026. Canara Bank rates are sourced from the official Canara Bank website (canarabank.bank.in) effective 17.03.2026. Rates are subject to change without notice. FinMandi is not a bank, NBFC, or financial advisor. Always verify current rates directly with the bank before investing. Bank FDs are DICGC-insured up to ₹5 lakh per depositor per bank. NBFC FDs are not covered by DICGC. FD interest is fully taxable as per applicable income tax slab.