According to the latest data compiled by BankBazaar.com, fixed deposit interest rates across different bank categories show varied offerings as of July 3, 2026. The rates are subject to revision after specified tenures depending on individual bank terms and conditions. Some banks and financial institutions allow fixed rates only for a definite period, after which prevailing floating rates become applicable.
Small finance banks continue to lead the fixed deposit rate chart in mid-July, offering returns of up to 8.1% for regular depositors, significantly outpacing most public and private sector lenders. Suryoday Small Finance Bank offers 8.1% on a 30-month deposit, while Utkarsh Small Finance Bank provides the same rate on a tenure of 666 days. Shivalik Small Finance Bank and Jana Small Finance Bank are offering up to 8%, with Ujjivan Small Finance Bank, Unity Small Finance Bank, and Slice Small Finance Bank also providing competitive rates on select tenures. AU Small Finance Bank provides 7.4% for less than one year, 7.1% for 1-2 years, 7.4% for 2-3 years, and 7% for 3-5 years, while Equitas Small Finance Bank offers 7.75% for 1-2 years, 7.75% for 2-3 years, and 8% for 3-5 years.
Premium banks are offering competitive rates with Bank of Baroda providing 6.75% under the 555-day BoB Golden Goal Deposit Scheme, the highest among major banks. Punjab National Bank offers 6.60% on its 444-day fixed deposit, while HDFC Bank provides 6.50% on deposits with tenure of 3 years 1 day to less than 4 years 7 months. ICICI Bank and Axis Bank both offer 6.50% on deposits with tenure of 3 years 1 day to 10 years. SBI provides 6.45% on its 444-day Amrit Vrishti deposit scheme. Among private sector banks, Bandhan Bank offers the highest rate of 7.45%, followed by IDFC First Bank at 7.35%, Yes Bank at 7.25%, and RBL Bank at 7.2%. Kotak Mahindra Bank provides 6.82% for 1-year deposits, IndusInd Bank offers 7.3% for 1-year deposits, and South Indian Bank gives 6.83% for 1-year deposits.
Public sector banks are offering competitive rates with Bank of Maharashtra providing 5.25% for less than one year, 6.65% for 1-2 years, 5.25% for 2-3 years, and 5% for 3-5 years. Bank of Baroda offers 6.25% on one-year and three-year deposits, 6.30% on five-year deposits, and 6.00% on 10-year deposits. Bank of India provides 5.5% for less than one year, 6.6% for 1-2 years, 6.7% for 2-3 years, and 6.25% for 3-5 years. Central Bank of India offers 6.5% for less than one year, 6.7% for 1-2 years, 6.25% for 2-3 years, and 6% for 3-5 years. Indian Overseas Bank provides 6.64% for 1-year deposits, 6.64% for 2-3 years, 6.56% for 4-year deposits, and 6.16% for 5-year deposits.
Private sector banks are showing varied rate structures with Axis Bank providing 6.50% on deposits with tenure of 18 months to 10 years, offering 6.25% on one-year deposits while three-year, five-year and 10-year deposits all earn 6.50%. Bandhan Bank offers 7.45% for 1-2 years, 7.45% for 2-3 years, and 7.25% for 3-5 years. CSB Bank provides 7.35% for 1-2 years, 6.5% for 2-3 years, and 5.75% for 3-5 years. City Union Bank offers 7.25% for 1-2 years, 6.5% for 2-3 years, and 6.25% for 3-5 years. Yes Bank provides 7.25% for 1-year deposits, 7.25% for 2-year deposits, 6.75% for 3-year deposits, 7.67% for 4-year deposits, and 7.5% for 5-year deposits. RBL Bank offers 7.2% for 1-year deposits, 7.26% for 2-year deposits, 7.76% for 3-year deposits, 7.67% for 4-year deposits, and 7.5% for 5-year deposits.
Among non-banking finance companies, Shriram Finance offers up to 7.5%, while Mahindra Finance and Bajaj Finance offer up to 7.45% and 7.4% respectively. According to Stable Money, the fixed deposit market continues to remain highly competitive, with a growing number of banks and NBFCs revising their deposit rates to offer more attractive returns to investors. Saurabh Jain, cofounder and chief executive officer of Stable Money, advised investors to compare options across institutions rather than focusing only on traditional banks, while cautioning against choosing an FD solely on the highest interest rate. He emphasized that investors should consider the financial strength of the institution, investment tenure and liquidity requirements, while diversifying deposits and staying within the DICGC insurance cover of ₹5 lakh per bank.
