Best 1-Year FD Interest Rates India — April 2026
For 1-year fixed deposits, Yes Bank leads at 7.75%, followed by IDFC First (7.50%) and Kotak (7.20%). Axis (7.10%) and HDFC/ICICI (7.00%) round out the private sector. PSU banks SBI and PNB offer 6.80%. The 1-year tenure is ideal for parking emergency funds with flexibility to renew at prevailing rates.
Last updated: April 6, 2026
Best FD Rates Banks — Ranked April 2026
#1Best pick
Yes Bank7.75%
Best 1-year rate
#2
IDFC First7.50%
Competitive
#3
Kotak7.20%
Competitive
#4
Axis7.10%
Competitive
#5
HDFC7.00%
Competitive
#6
ICICI7.00%
Competitive
#7
Bank of Baroda6.85%
Competitive
#8
Canara6.85%
Competitive
#9
SBI6.80%
Lowest rate — PSU safety
#10
PNB6.80%
Lowest rate — PSU safety
Frequently Asked Questions
What happens when my 1-year FD matures?+
Banks auto-renew FDs at the prevailing rate unless you give instructions. Check the rate before auto-renewal — it may have changed. You can also break the FD and reinvest at a higher rate.
Can I invest in FD online?+
Yes, all major banks allow online FD booking via netbanking or mobile app. IDFC First, Kotak, and Yes Bank are fully digital. No branch visit needed.
What is the difference between cumulative and non-cumulative FD?+
Cumulative FD reinvests interest for compound growth — better for wealth building. Non-cumulative pays interest monthly/quarterly — better for retirees needing regular income.
Disclaimer: Rates are indicative as of April 2026 and subject to change. This is for informational purposes only. Verify with the bank before making financial decisions.