Archive · 30 Oct 2025
Top Banks for One-Year Fixed Deposits: Comparing Interest Rates
Imagine you have some money you want to keep safe and earn a little extra.
Banks let you put your money in a special savings account called a fixed deposit (FD) for a set amount of time.
In return, they pay you a small amount of money called interest.
This article looks at how much extra money you can get if you put your money in for one year.
Some banks pay a bit more to older people, called senior citizens.
It's good to compare what each bank offers before you decide where to put your money.
Several major banks are offering competitive interest rates on one-year fixed deposits.
HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Federal Bank, SBI, Canara Bank, and PNB offer 6.25% for general citizens and 6.75% for senior citizens on one-year FDs.
Union Bank of India offers slightly higher rates at 6.40% for general citizens and 6.90% for senior citizens on one-year FDs.
Some banks offer higher interest rates for different deposit tenors (time periods) or for senior citizens.
It is recommended to compare interest rates across banks to maximize returns on fixed deposits.
- Who
- HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Federal Bank, State Bank of India, Union Bank of India, Canara Bank, and Punjab National Bank
- What
- Offering interest rates on one-year fixed deposits for general and senior citizens.
- When
- Current
- Where
- India
- Why
- To attract depositors by offering competitive interest rates.
- HDFC Bank (1-year FD)
- General: 6.25%, Senior: 6.75%
- ICICI Bank (1-year FD)
- General: 6.25%, Senior: 6.75%
- Kotak Mahindra Bank (1-year FD)
- General: 6.25%, Senior: 6.75%
- Federal Bank (1-year FD)
- General: 6.25%, Senior: 6.75%
- State Bank of India (1-year FD)
- General: 6.25%, Senior: 6.75%
- Union Bank of India (1-year FD)
- General: 6.40%, Senior: 6.90%
- Canara Bank (1-year FD)
- General: 6.25%, Senior: 6.75%
- Punjab National Bank (1-year FD)
- General: 6.25%, Senior: 6.75%