Archive · 24 Jul 2026
FD Interest Rates Up to 8.10%: Choosing the Right Fixed Deposit
Fixed deposits (FDs) are a popular investment choice for people who want safe and guaranteed returns.
Banks and financial companies offer different types of FDs with interest rates up to 8.10% per year.
Small finance banks and NBFCs often give the highest rates, but large banks are considered safer.
There are different types of FDs, like tax-saving FDs, senior citizen FDs, and flexible FDs.
Each type has its own benefits and rules.
For example, tax-saving FDs help you save on taxes but you can't withdraw the money for 5 years.
Senior citizens get a higher interest rate.
Flexible FDs let you withdraw part of your money while still earning interest.
It's important to choose an FD that matches your financial goals, not just the highest interest rate.
Fixed deposits offer guaranteed returns and capital protection with interest rates up to 8.10% per annum.
Small finance banks and NBFCs offer the highest FD interest rates, while large commercial banks offer lower but safer rates.
Different types of FDs include standard, tax-saving, senior citizen, floating rate, flexi, corporate, cumulative, non-cumulative, callable, and non-callable FDs.
Investors should consider tenure, liquidity needs, tax implications, and the financial strength of the institution when choosing an FD.
Tax-saving FDs offer tax benefits under Section 80C but come with a 5-year lock-in period.
- Who
- Conservative investors, senior citizens, individuals, and HUFs
- What
- Choosing the right fixed deposit with varying interest rates and features
- When
- As of July 23, 2026
- Where
- India
- Why
- To achieve guaranteed returns, capital protection, and meet financial goals
High Interest Rates
Safety and Liquidity
Interest Rates
High Interest Rates
Small finance banks and NBFCs offer the highest interest rates, up to 8.10% for regular deposits and 8.30% for senior citizens.
Safety and Liquidity
Large commercial banks offer lower interest rates but are generally considered safer and more stable.
Liquidity
High Interest Rates
Callable and flexi FDs provide liquidity with the option for premature withdrawal, though often with a penalty.
Safety and Liquidity
Non-callable FDs offer higher interest rates but do not allow premature withdrawal, locking in funds for the entire tenure.
Tax Implications
High Interest Rates
Tax-saving FDs offer tax benefits under Section 80C but come with a 5-year lock-in period.
Safety and Liquidity
Standard FDs do not offer tax benefits but provide more flexibility in terms of tenure and withdrawal options.
- Highest Regular FD Rate
- 8.10% (Suryoday Small Finance Bank)
- Highest Senior Citizen FD Rate
- 8.30% (Shivalik Small Finance Bank)
- Tax Benefit Limit
- Rs 1.5 lakh under Section 80C
- Tax-Saving FD Lock-In Period
- 5 years
- Senior Citizen FD Rate Premium
- 50 basis points higher than regular FDs
- Flexi FD Feature
- Linked to savings account, allows partial withdrawal
- Callable FD Feature
- Premature withdrawal allowed, usually with a penalty
- Non-Callable FD Feature
- Higher interest rates, no premature withdrawal