📈 Interest Rate Tracker
ComparisonCompare interest rates across top 10 public and private sector banks in India. View FD rates, savings yields, and home loan rates.
Interest Rates Comparison Ledger
Updated for 2026 · Standard Bank Schemes
| Bank Name | 1-Year FD | 5-Year FD | Senior Citizen Extra |
|---|---|---|---|
| State Bank of India (SBI) | 6.80% | 6.50% | 7.00% - 7.50% |
| HDFC Bank | 6.60% | 7.00% | 7.10% - 7.75% |
| ICICI Bank | 6.70% | 7.00% | 7.20% - 7.75% |
| Axis Bank | 6.70% | 7.00% | 7.20% - 7.75% |
| Punjab National Bank (PNB) | 6.75% | 6.50% | 7.25% - 7.50% |
| Bank of Baroda (BoB) | 6.85% | 6.50% | 7.35% - 7.50% |
| Kotak Mahindra Bank | 7.10% | 6.25% | 7.60% - 6.75% |
| IDFC FIRST Bank | 7.25% | 7.00% | 7.75% - 7.50% |
| IndusInd Bank | 7.75% | 7.25% | 8.25% - 7.75% |
| Federal Bank | 7.30% | 6.60% | 7.80% - 7.25% |
Note: Interest rates are subject to change by respective banks without prior notice. Fixed Deposit interest compounding is typically calculated quarterly. Tax deductions under Section 80C apply specifically to 5-Year Tax Saver FDs up to ₹1.5 Lakhs annually.
Maximizing Interest Gains: Expert Rules
Senior Citizen Premium
Almost all Indian banks offer a premium of 0.50% to 0.75% extra FD interest rate to senior citizens (above 60 years). Make sure to select this status when booking.
Opt for Sweep-In Accounts
Sweep-in savings accounts auto-transfer excess savings above a threshold into FDs, earning you 6.5%+ interest instead of standard 3% while keeping funds liquid.
Avoid Premature FD Closure
Breaking an FD early attracts penalty charges of 0.50% to 1.00% reduced interest. Choose RD or shorter tenures if cash-flow timelines are uncertain.
Compare Home Loan Benchmarks
Ensure your home loan is linked to the external benchmark lending rate (EBLR/RLLR) so rate cuts by the RBI are passed down to your EMIs directly.
How Bank Interest Rates are Regulated in India
In India, the **Reserve Bank of India (RBI)** regulates the monetary policies that directly dictate bank interest rates:
- Repo Rate Impact: The Repo Rate is the rate at which the RBI lends money to commercial banks. When the RBI raises the repo rate (usually to combat inflation), banks increase interest rates on both loans (making EMIs costlier) and deposits (offering higher FD rates).
- Savings Yields: Savings account rates are deregulated, meaning banks are free to offer any interest rate. Smaller private banks (like IDFC FIRST or IndusInd) often offer yields of up to 6.50% - 7.00% to attract deposits, while larger legacy banks (SBI, HDFC) stick to 3.00% - 3.50%.
- Senior Citizen Benefits: Commercial banks offer senior citizens (aged 60+) an additional **0.50% to 0.75%** interest rate on FDs to support retired lifestyles.