Top 10 Banks Fixed Deposit Interest Rates in 2025

Fixed Deposits (FDs) have long been a popular investment choice for individuals seeking a safe, stable, and predictable return on their savings. In 2025, with interest rates fluctuating across various financial institutions, it is important for investors to choose the right FD scheme that aligns with their financial goals.

Here’s a comprehensive look at the top 10 banks offering fixed deposit interest rates in India for 2025, along with their unique FD schemes.

1. State Bank of India (SBI) Fixed Deposit Interest Rate

SBI offers some of the most reliable fixed deposit products in India. They provide attractive interest rates for both regular and senior citizens. With SBI's Multi-option Deposit Scheme, investors can combine an FD with a savings account, giving them liquidity without breaking the FD. The bank also has a Tax Saving Fixed Deposit Scheme, which offers tax benefits under Section 80C.

For General Customer: 3.00% - 7.00% (for tenures ranging from 7 days to 10 years)
For Senior Citizens: 3.50% - 7.50%

2. HDFC Bank Fixed Deposit Interest Rate

HDFC Bank offers both Regular Fixed Deposits and Tax Saving Fixed Deposits (with a 5-year lock-in period). Their HDFC Senior Citizen FD scheme gives higher returns for senior citizens and allows them to opt for quarterly interest payouts, making it an ideal choice for retirees.

For General Customer: 3.00% - 7.25%
For Senior Citizens: 3.50% - 7.75%

3. ICICI Bank Fixed Deposit Interest Rate

ICICI Bank offers a range of FD schemes, including ICICI Fixed Deposit with Sweep-in Facility, where you can link your FD to your savings account. This offers liquidity while earning higher interest rates on the FD balance. The ICICI Tax Saving Fixed Deposit is another great option for individuals looking to save on taxes under Section 80C.

For General Customer: 3.00% - 7.25%
For Senior Citizens: 3.50% - 7.75%

4. Axis Bank Fixed Deposit Interest Rate

Axis Bank provides an FD scheme that offers both flexible tenure options and competitive rates. The Axis Tax Saver Fixed Deposit allows you to claim tax deductions under Section 80C, with a 5-year lock-in. Additionally, Axis Bank’s FD with monthly interest payouts is ideal for those who need regular income.

For General Customer: 3.00% - 7.25%
For Senior Citizens: 3.50% - 7.75%

5. Kotak Mahindra Bank Fixed Deposit Interest Rate

Kotak Mahindra Bank offers several fixed deposit schemes, including the Kotak Fixed Deposit with Monthly Interest option for individuals who seek consistent income. The Kotak Tax Saving Fixed Deposit allows you to avail of tax benefits under Section 80C, making it an attractive option for tax-conscious investors.

For General Customers: 3.00% - 7.25%
For Senior Citizens: 3.50% - 7.75%

6. Punjab National Bank (PNB) Fixed Deposit Interest Rate

Punjab National Bank offers various FD schemes, including PNB Fixed Deposit with Premature Withdrawal Facility, allowing you to break the FD if needed, though a penalty is applicable. Their Tax Saving Fixed Deposit Scheme has a lock-in period of 5 years and offers tax deductions under Section 80C.

For General Customer: 3.00% - 7.00%
For Senior Citizens: 3.50% - 7.50%

7. Bank of Baroda Fixed Deposit Interest Rate

Bank of Baroda offers fixed deposits with varying interest rates based on tenure. One of the most popular offerings is the Baroda Tax Saving Fixed Deposit Scheme, which allows you to invest for a 5-year period and avail of tax benefits under Section 80C.

For General Customer: 3.00% - 7.00%
For Senior Citizens: 3.50% - 7.5%

8. Yes Bank Fixed Deposit Interest Rate

Yes Bank stands out for offering some of the highest interest rates in the market. The Yes Fixed Deposit with Flexi Option offers a combination of high returns and liquidity by linking your FD to a savings account. Yes Bank’s Tax Saver FD is a great option for those looking to save taxes.

For General Customer : 3.25% - 7.50%
For Senior Citizens: 3.75% - 8.00%

9. IndusInd Bank Fixed Deposit Interest Rate

IndusInd Bank offers both Fixed Deposits with flexible interest payout options (monthly, quarterly, or annually) and Tax Saving Fixed Deposits. The IndusInd Flexi FD offers greater flexibility for liquidity while enjoying a higher interest rate.

For General Customer : 3.00% - 7.25%
For Senior Citizens: 3.50% - 7.75%

10. RBL Bank Fixed Deposit Interest Rate

RBL Bank offers some of the highest interest rates for fixed deposits, with a special scheme for senior citizens offering up to 7.75%. The RBL Tax Saving Fixed Deposit Scheme also allows you to save on taxes while locking in your money for five years.

For General Customer : 3.50% - 7.40%
For Senior Citizens: 4.00% - 7.90%

Choosing the right FD scheme can make a significant difference in your investment returns. In 2025, India’s top banks continue to offer competitive interest rates, making fixed deposits an attractive and safe investment. Whether you're looking for high returns, tax benefits, or liquidity, the various FD schemes cater to different needs. Always compare interest rates, terms, and features like premature withdrawal and tax-saving benefits before making an investment decision.

Please note that these interest rates are indicative and can change based on RBI policy updates, market conditions, and each bank's financial strategy. Senior citizens typically enjoy an additional 0.50% to 0.75% interest rate benefit on FDs. For exact rates and specific FD terms, it's recommended to visit the official websites of the respective banks.