Current Fixed Deposit Interest Rates as of August 8, 2025
In the ever-evolving financial landscape of India, fixed deposit (FD) interest rates continue to be a significant factor for investors. As of August 2025, the FD rates vary significantly across foreign banks, Indian public sector banks, Indian private sector banks, and small finance banks.
Indian Public Sector Banks typically offer FD interest rates in the range of about 3.25% to 6.5-7.0% p.a. for general citizens, with senior citizens getting slightly higher rates. For instance, Canara Bank provides 3.25% to 6.5% for general public and up to 7% for seniors, while Indian Bank offers 2.8% to 6.7% (general) and up to 7.2% (seniors) depending on tenure. State Bank of India (SBI) provides around 6.25% for 1 to 2 years.
Indian Private Sector Banks offer FD rates approximately between 6.0% and 6.6% p.a. for general depositors, with senior citizens getting higher rates. HDFC Bank offers around 6.25%, Kotak Mahindra Bank up to 8.25% on selected tenures, and Axis Bank about 6.25% to 7% [3][5].
Small Finance Banks currently provide the highest FD interest rates, sometimes close to or above 8% to 9% p.a. Slice Small Finance Bank offers nearly 9% for around 18 months; Unity, Utkarsh, and Suryoday Small Finance Banks offer more than 8% [5].
Foreign Banks in India generally offer FD interest rates similar to or slightly lower than major private sector banks, typically in the range of 5-6.5%, but specific current rate data was not found in the recent sources. They tend to target premium segments and may have varied tenures and conditions.
Key points to note:
- Senior citizens receive an interest rate premium, commonly about 0.5% higher than regular citizens.
- Rates vary by tenure, usually higher for 1-3 year deposits and sometimes tapering off beyond 5 years.
- Small finance banks currently provide the most attractive FD rates among all categories.
It is advisable to check a specific bank’s official website or recent updates since rates change frequently for the most accurate and up-to-date information.
Some notable FD interest rates as of specified dates are:
- HDFC Bank offers interest rates of 5.75%, 6.6%, 6.45%, and 6.4% for fixed deposits with terms less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from June 25.
- IDFC First Bank offers interest rates of 5.5%, 6.5%, 6.75%, and 6.75% for fixed deposits with terms less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from July 15.
- Indian Overseas Bank offers interest rates of 5.5%, 6.75%, 6.6%, and 6.3% for fixed deposits with terms less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from July 15.
- Equitas Small Finance Bank offers interest rates of 6.75%, 7.25%, 7.6%, and 7% for fixed deposits with terms less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from July 01.
- Federal Bank offers interest rates of 6%, 6.7%, 6.6%, and 6.5% for fixed deposits with terms less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from July 17.
- HSBC offers interest rates of 4.1%, 5.5%, 5.35%, and 5.5% for fixed deposits with terms less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from July 17.
- Jana Small Finance Bank offers interest rates of 7.25%, 7.25%, 7.5%, and 8% for fixed deposits with terms less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from August 04.
- Bank of India offers interest rates of 5.5%, 6.45%, 6.6%, and 6.25% for fixed deposits with terms less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from August 04.
- TNSC Bank's fixed deposit interest rates are yet to be specified.
- Dhanlaxmi Bank offers interest rates of 5.25%, 6.9%, 6.5%, and 6.6% for fixed deposits with terms less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from July 01.
- Yes Bank offers interest rates of 6.25%, 6.9%, 7%, and 7% for fixed deposits with terms less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from August 01.
- RBL Bank offers interest rates of 6.05%, 7%, 7.2%, and 7% for fixed deposits with terms less than 1 year, 1 to 2 years, 2 to 3 years, and 3 to 5 years respectively, effective from July 22.
Sources: [1] Indian Bank FD rates as of 13 August 2025 [2] Canara Bank FD interest rates as of 8 August 2025 [3] State Bank of India, HDFC Bank, Punjab National Bank, Axis Bank FD rates as of August 2025 [4] IndusInd Bank rates (similar range, no foreign bank detailed) [5] Small Finance Banks and top private bank FD rates in 2025 [6] BankBazaar.com compiled the interest rates from respective banks' websites as of specified dates.
Personal-finance enthusiasts may be interested to know that Indian Public Sector Banks typically offer FD interest rates in the range of about 3.25% to 6.5-7.0% p.a. for general citizens, with senior citizens getting slightly higher rates. On the other hand, Small Finance Banks currently provide the highest FD interest rates, sometimes close to or above 8% to 9% p.a. It is important to note that rates can vary among banks and change frequently, so it is advisable to consult a specific bank’s official website or recent updates for the most accurate and up-to-date information.
