According to reports from TopNews, investors can earn up to 6.80 per cent on fixed deposits from leading public and private sector banks in August 2026. Kotak Mahindra Bank currently offers the highest interest rate among the banks covered in this comparison, with 6.80 per cent applicable on deposits with a tenure of two years to less than three years. Bank of Baroda follows closely at 6.75 per cent under its 555-day BoB Golden Goal Deposit Scheme, while Punjab National Bank offers 6.60 per cent on its 444-day fixed deposit scheme.
As reported by Mint, DCB Bank has emerged as the clear market leader in fixed deposit rates, offering 7.50 per cent for deposits above 5 years. The bank provides 6.90-7.50 per cent for 2-3 year deposits, 7-7.10 per cent for 3-5 year deposits, and 6.90-7.05 per cent for 1-2 year deposits. Jammu & Kashmir Bank follows closely with 6.85 per cent for deposits above 5 years, while RBL Bank offers 7.20 per cent for 2-3 year deposits and 7-7.20 per cent for 1-2 year deposits. YES Bank provides 7-7.50 per cent across multiple tenures, demonstrating the competitive landscape in the banking sector.
As reported by TopNews, SBI offers its highest FD interest rate of 6.45 per cent under the 444-day Amrit Vrishti fixed deposit scheme. One-year deposits earn 6.25 per cent, while three-year deposits offer 6.30 per cent. Five-year and 10-year deposits fetch 6.05 per cent each. HDFC Bank provides 6.50 per cent on deposits with a tenure of three years one day to less than four years seven months, with 6.25 per cent on one-year deposits and 6.40 per cent on five-year deposits. ICICI Bank offers 6.50 per cent on deposits with a tenure of three years one day to 10 years, paying 6.25 per cent on one-year deposits and 6.45 per cent on three-year deposits.
According to Mint, Axis Bank offers 6.50 per cent on deposits with a tenure of 18 months to 10 years, while PNB provides 6.30 per cent on three-year, five-year and 10-year deposits. Bank of Baroda offers 6.25 per cent on one-year and three-year deposits, 6.30 per cent on five-year deposits and 6.00 per cent on 10-year deposits. Federal Bank provides 6.40 per cent for 2-3 year deposits and 6.40-6.70 per cent for 3-5 year deposits, while City Union Bank offers 6.50 per cent for 2-3 year deposits. The rates are applicable to fixed deposits below ₹3 crore and are as on July 29, 2026, subject to change at the discretion of respective banks. Investors are advised to check the latest FD rates with their bank before investing.
As reported by Mint, fixed deposits continue to be one of the most preferred investment options for individuals seeking stable returns and capital protection. The data shows significant differences across banks, with public sector banks generally offering lower returns than several private sector lenders, particularly for medium-term deposits. Investors should compare rates alongside liquidity requirements, bank reputation and financial goals before investing. The comparison includes 21 leading banks offering competitive returns across different deposit tenures, with rates based on data available as of August 3, 2026, covering 5 maturity buckets ranging from 6 months to over 5 years.
