Best FD Rates in India: Top 16 Banks (August 2026)

Ready to make your savings work harder? Fixed deposits remain a popular choice in India for steady returns, and we’ve got the latest on what 16 banks are offering for deposits up to ₹1 crore, as of 24 August 2026.

Before diving into specific rates, it’s helpful to understand how banks categorise fixed deposits. These categories are based on the length of time you commit your money, known as the maturity period.

Fixed Deposit Maturity Periods

• Short-term deposits span 6 months to under 1 year.
• Mid-term options include 1 year to under 2 years and 2 years to under 3 years.
• Longer-term investments are available for 3 years to under 5 years and 5 years and longer.

You’ll find a range of interest rates across different banks and maturity periods. Let’s look at some examples from the 16 banks covered in this comparison for deposits up to ₹1 crore.

For instance, DCB Bank offers competitive rates across the board. If you’re looking at a 6 months to under 1 year deposit, you could get 6.00-6.50%.

DCB Bank’s FD Offerings

• For 1 year to under 2 years: 6.90-7.10%
• For 2 years to under 3 years: 6.90-7.50%
• For 3 years to under 5 years: 7.00-7.10%
• For 5 years and longer: 7.00-7.50%

YES Bank also presents attractive returns, especially for mid-term options. Their rates for six months to under one year range from 4.75-6.50%.

YES Bank’s Interest Snapshot

• For 1 year to under 2 years: 6.65-7.25%
• For 2 years to under 3 years: 6.90-7.00%
• For 3 years to under 5 years: 7.00%
• For 5 years and longer: 6.75%

Consider RBL Bank if you are eyeing specific maturity buckets. They offer a starting range of 4.75-6.05% for the shortest period.

RBL Bank’s Rate Highlights

• For 1 year to under 2 years: 7.00-7.20%
• For 2 years to under 3 years: 7.20%
• For 3 years to under 5 years: 7.00-7.20%
• For 5 years and longer: 6.70%

Dhanlaxmi Bank provides a broad range, starting with 5.25-7.00% for six months to under one year. It’s worth exploring their varied offerings for different commitments.

Dhanlaxmi Bank Rates

• For 1 year to under 2 years: 6.25-7.10%
• For 2 years to under 3 years: 6.25-6.50%
• For 3 years to under 5 years: 6.50-7.25%
• For 5 years and longer: 6.50-6.60%

Other banks like ICICI Bank and HDFC Bank also feature in the comparison, with rates for the first category (six months to under one year) starting at 4.50-5.50% and 4.25-5.75% respectively. Always check the specific rates that apply to your desired tenure.

Comparing these rates helps you find the best home for your savings. Remember, these rates were current as of 24 August 2026, so always verify with your chosen bank before making a deposit.