Best FD Interest Rates in India — April 2026

Yes Bank leads with 7.75% (1-year FD), followed by IDFC First at 7.50% and Kotak at 7.20%. Public sector banks SBI, PNB offer 6.80% — lower but backed by the Government of India. All deposits are DICGC insured up to ₹5L. Senior citizens earn an extra 0.25–0.50% above listed rates at most banks.

Last updated: April 6, 2026

Best FD Rates Banks — Ranked April 2026

#1
Yes Bank7.75%

Highest rate — best for FD investors

Best pick
#2
IDFC First7.50%

Runner-up — strong digital bank

#3
Kotak7.20%

Good rate

#4
Axis7.10%

Good rate

#5
HDFC7.00%

Good rate

#6
ICICI7.00%

Good rate

#7
Bank of Baroda6.85%

Good rate

#8
Canara6.85%

Good rate

#9
SBI6.80%

Lowest rate — best for safety-first PSU preference

#10
PNB6.80%

Lowest rate — best for safety-first PSU preference

Frequently Asked Questions

Which bank gives highest FD rate in April 2026?+
Yes Bank offers 7.75% on 1-year FD, the highest among major scheduled commercial banks. Small finance banks like AU and Ujjivan offer up to 8.5% but carry slightly higher risk.
Is FD in Yes Bank safe?+
Yes Bank is RBI-regulated and DICGC insured up to ₹5L. The bank was rescued by RBI in 2020 and has since stabilized. Keep deposits below ₹5L for full insurance coverage.
Should I split FD across multiple banks?+
Yes, if your deposit exceeds ₹5L. Each bank provides DICGC insurance of ₹5L per depositor. Splitting across 2-3 banks maximises your insured coverage.
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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.