Which bank offers the highest FD rate in India 2026?

As of early 2026, Small Finance Banks (like AU, Equitas, and Unity) continue to offer the highest FD rates ranging from 8.0% to 9.25%. Major private banks (HDFC, ICICI, Kotak) offer 7.0% to 7.75%, while SBI and other PSU banks range between 6.8% and 7.3%. For the highest safety, sticking to 'Too Big To Fail' banks (SBI, HDFC, ICICI) is recommended for amounts significantly exceeding the ₹5 lakh insurance limit.

What is the latest bank FD interest rate for 2026?

As of early 2026, major Indian banks like SBI, HDFC, and ICICI are offering FD rates between 6.5% and 7.5% for regular citizens, with senior citizens getting an additional 0.50%. Smaller private banks and small finance banks may offer higher rates up to 8.5%.

How much will my FD of ₹2.00 Crore be worth in 10 Years?

At an interest rate of 8.5%, your Fixed Deposit (FD) of **₹2.00 Crore** will grow to approximately **₹4,52,19,669** over a tenure of **10 Years**. This includes the principal and the quarterly compounded interest.

Which bank offers the highest FD rate in India (April 2026)?

Currently, Small Finance Banks (SFBs) like Unity, Equitas, and AU Small Finance Bank typically offer the highest rates, often crossing 8%. Among major banks, HDFC and ICICI often lead for specific tenures like 15-18 months.

Is my bank FD safe? What is the DICGC insurance limit?

Yes, bank FDs are extremely safe. Every bank in India is insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC). In the rare event of a bank failure, your deposits (principal + interest) are insured up to ₹5 Lakh per bank.

How is FD interest calculated? Quarterly vs Monthly payout?

Most banks use quarterly compounding to calculate FD interest. If you choose a 'Cumulative' FD, the interest is reinvested every quarter. If you choose 'Non-Cumulative', you can receive payouts monthly or quarterly, but the total interest earned will be slightly lower.

Can I save tax with a Fixed Deposit? (Section 80C rules)

Yes, you can invest in a 'Tax-Saving FD' with a mandatory 5-year lock-in period. These qualify for a deduction up to ₹1.5 Lakh under Section 80C. However, interest earned on these FDs is still taxable.

What is the premature withdrawal penalty for FDs in 2026?

Most banks charge a penalty of 0.5% to 1.0% on the applicable interest rate if you break an FD before maturity. Some 'Non-Callable' FDs offer higher rates but do not allow any premature withdrawal at all.

How does the 'FD Laddering' strategy work?

FD Laddering involves splitting a large sum into multiple FDs with different maturity dates (e.g., 1yr, 2yrs, 3yrs). This provides both liquidity (one FD matures every year) and protection against interest rate fluctuations.

Is FD interest taxable? (TDS rules for 2026)

Yes, FD interest is fully taxable as per your income tax slab. Banks deduct 10% TDS (20% if no PAN) if your total interest across all branches of a bank exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year.

Can NRIs open Fixed Deposits in India? (NRO vs NRE FD)

Yes, NRIs can open NRE (Non-Resident External) or NRO (Non-Resident Ordinary) Fixed Deposits. NRE FD interest is tax-free in India, while NRO FD interest is subject to TDS at 30% plus cess.

Are corporate FDs better than bank FDs?

Corporate FDs (offered by companies like Bajaj Finance or Shriram Finance) usually offer 1-2% higher interest than banks. However, they are NOT insured by DICGC and carry higher risk. Always check their Credit Rating (AAA is best) before investing.

What is an 'overdraft against FD' and how does it work?

An Overdraft (OD) against FD allows you to borrow up to 90% of your deposit value instantly without breaking the FD. You only pay interest (usually 1% above the FD rate) on the amount used, making it a great liquidity tool.

Returns on ₹2,00,00,000 FD for 2026 – Interest & Maturity

Personalized FD Analysis

Reviewed by Mahavir Hirani, Financial Expert

Are you looking for the best FD interest rates in 2026? Investing ₹2,00,00,000 in a Fixed Deposit for 10 Years is a secure way to grow your savings with guaranteed returns. For a ₹2,00,00,000 deposit for 10 Years, our calculator shows you exactly how much interest you will earn over your chosen tenure. Comparing FD rates with SBI, HDFC, and ICICI helps you maximize your yield. Fixed Deposits are protected by DICGC insurance up to ₹5 Lakh, making them an essential part of a conservative Indian portfolio in 2026.

Principal Amount

₹

Interest Rate (% p.a)

Duration

MON

Compounding Frequency

Maturity Wealth

₹4,00,31,947

Wealth accumulated over 10.0 years.

Total Interest

₹2,00,31,947

Compound returns

Monthly Payout

₹1,16,667

Indicative monthly income

Growth Milestone

Interest Multiplier

You earned ₹60,31,947 more than simple interest.

Capital Structure

Base Capital

50%

Growth

50%

Strategy Insight

The Laddering Advantage

Don't lock your entire capital in a single tenure. Staggering maturity ensures constant liquidity of ₹2,00,00,000.

Safety

DICGC Insured up to ₹5L.

Yield

Auto-reinvest for growth.

Strategy Playbook

The FD Laddering Masterclass

Effective Yield

7.19% p.a.

Don't lock your entire capital ₹2,00,00,000 in a single tenure. Use the Laddering Strategy to maximize both liquidity and returns.

1
Split Capital: Divide into 3 or 5 parts with different tenures (1, 2, 3 years).
2
Reinvest Loop: As each FD matures, reinvest it for the longest tenure (e.g., 3 years).

DICGC Safety Shield

Your deposits are 100% insured up to ₹5 Lakh per bank. High-wealth individuals should ladder across multiple A-rated banks.

Tax Optimization

Use Form 15G/15H if your total income is below the tax limit to prevent the bank from deducting 10% TDS automatically.

Standard bank guidelines for FY 2025-26. Rates are subject to periodic change by the RBI monetary policy.

How Does the FD Calculator Work?

FD interest is typically compounded quarterly by most Indian banks. The calculator applies the compound interest formula to compute your exact maturity amount. Note: The effective annual yield (EAY) is slightly higher than the stated rate due to quarterly compounding — for example, a 7% FD compounded quarterly effectively yields 7.19% annually.

A = P × (1 + r/n)^(n×t)

Where:

• A = Maturity Amount
• P = Principal deposit amount
• r = Annual interest rate (as decimal, e.g. 0.07 for 7%)
• n = Compounding frequency (4 = quarterly, 12 = monthly)
• t = Tenure in years
• Example: ₹1,00,000 @ 7.5% for 2 years (quarterly) → A = 1,00,000 × (1.01875)^8 = ₹1,16,015

Quarterly Compounding: Most banks compound quarterly. ₹1 lakh at 7% for 1 year → ₹1,07,185 (not ₹1,07,000 from simple interest).
Senior Citizen Advantage: Banks offer 0.25–0.50% higher FD rates for senior citizens (above 60 years). Always check senior citizen rates if applicable.
TDS Deduction: Banks deduct 10% TDS if your annual FD interest exceeds ₹40,000 (₹50,000 for senior citizens). Submit Form 15G/15H to avoid TDS if your total income is below the taxable limit.
Cumulative vs Non-Cumulative: Cumulative FD pays interest at maturity (better for growth). Non-cumulative FD pays monthly/quarterly (better for regular income needs).

Example: ₹5 Lakh FD for 2 Years

Priya deposits ₹5,00,000 in an SBI FD for 2 years at 7.1% p.a. compounded quarterly.

• Maturity Amount: ₹5,74,898
• Total Interest Earned: ₹74,898
• Effective Annual Yield: 7.31%

Same amount in a senior citizen FD at 7.6%: Maturity = ₹5,80,361 (₹5,463 more just from the 0.5% senior citizen bonus!)

Principal: ₹5,00,000

Rate: 7.1% p.a. (quarterly)

Tenure: 2 Years

Maturity Value: ₹5,74,898

Interest Earned: ₹74,898

Current FD Rates by Bank (April 2026) — General & Senior Citizen

Compare FD interest rates across major Indian banks for a 1-2 year tenure:

Bank	1 Year FD Rate	2 Year FD Rate	Senior Citizen Extra	Max Tenure
SBI	6.80%	7.00%	+0.50%	10 Years
HDFC Bank	6.60%	7.00%	+0.50%	10 Years
ICICI Bank	6.70%	7.00%	+0.50%	10 Years
Kotak Mahindra	7.10%	7.25%	+0.50%	10 Years
Post Office TD	6.90%	7.00%	No extra	5 Years

Frequently Asked Questions

⚠️ Disclaimer

The figures provided by this calculator are estimates based on the inputs you provide and standard financial formulas. STOCKCALC.IN does not offer investment advice. Please consult a qualified financial advisor before making any investment decisions.

Verified Contributor

Returns on ₹2,00,00,000 FD for 2026 – Interest & Maturity analyzed by Mahavir Hirani

I verified this calculation against the April 2026 Fiscal Cycle. If you have questions about the logic, reach out via the Author Page.

Institutional Tool Suite

Professional-grade financial modeling engines for serious investors.

VERIFIED 2026 LOGIC

INSTITUTIONAL PARITY

Stock Score AI DCF Alpha Engine Institutional SIP Strategy Saved

FDs are for safety, not wealth growth. In a 7% inflation environment, a 7.5% FD gives you effectively 0.5% real return. Use FDs only as a volatility buffer.

StockCalc Alpha Insights

TDS Threshold Alert

Your interest exceeds ₹40,000. Banks will deduct 10% TDS. Submit Form 15G/15H if your total income is below the taxable limit.

FD Laddering

For ₹5L+, consider 'Laddering': splitting into 3 FDs with different tenures. This ensures regular liquidity and optimizes reinvestment rates.

Returns on ₹2,00,00,000 FD for 2026 – Interest & Maturity

**Result: ₹4,52,19,669 (Maturity)** Are you looking for the best **FD interest rates** in 2026? Investing **₹2,00,00,000 in a Fixed Deposit** for 10 Years is a secure way to grow your savings with guaranteed returns. For a **₹2,00,00,000 deposit** for 10 Years, our calculator shows you exactly how much interest you will earn over your chosen tenure. Comparing **FD rates** with SBI, HDFC, and ICICI helps you maximize your yield. Fixed Deposits are protected by DICGC insurance up to ₹5 Lakh, making them an essential part of a conservative Indian portfolio in 2026.

Standardizing Calculation Matrix...

Our high-precision financial engines are preparing your results for 2026.

Live Result

₹4,52,19,669 (Maturity)

How to Use This Tool

Enter Principal

Input the FD deposit amount (minimum ₹1,00,000 for standard calculation).

Enter Interest Rate

Enter the bank's stated annual FD rate (e.g. 7.10% for SBI).

Select Tenure

Choose duration from 7 days to 10 years. Rates vary by tenure.

Choose Compounding

Select quarterly (most common), monthly, or annual compounding.

Current FD Rates by Bank ({MONTH} {YEAR}) — General & Senior Citizen

Compare FD interest rates across major Indian banks for a 1-2 year tenure:

Bank	1 Year FD Rate	2 Year FD Rate	Senior Citizen Extra	Max Tenure
SBI	6.80%	7.00%	+0.50%	10 Years
HDFC Bank	6.60%	7.00%	+0.50%	10 Years
ICICI Bank	6.70%	7.00%	+0.50%	10 Years
Kotak Mahindra	7.10%	7.25%	+0.50%	10 Years
Post Office TD	6.90%	7.00%	No extra	5 Years

How Does the FD Calculator Work?

A = P × (1 + r/n)^(n×t)

Where:

• A = Maturity Amount
• P = Principal deposit amount
• r = Annual interest rate (as decimal, e.g. 0.07 for 7%)
• n = Compounding frequency (4 = quarterly, 12 = monthly)
• t = Tenure in years
• Example: ₹1,00,000 @ 7.5% for 2 years (quarterly) → A = 1,00,000 × (1.01875)^8 = ₹1,16,015

Quarterly Compounding: Most banks compound quarterly. ₹1 lakh at 7% for 1 year → ₹1,07,185 (not ₹1,07,000 from simple interest).
Senior Citizen Advantage: Banks offer 0.25–0.50% higher FD rates for senior citizens (above 60 years). Always check senior citizen rates if applicable.
TDS Deduction: Banks deduct 10% TDS if your annual FD interest exceeds ₹40,000 (₹50,000 for senior citizens). Submit Form 15G/15H to avoid TDS if your total income is below the taxable limit.
Cumulative vs Non-Cumulative: Cumulative FD pays interest at maturity (better for growth). Non-cumulative FD pays monthly/quarterly (better for regular income needs).

Example: ₹5 Lakh FD for 2 Years

Principal: ₹5,00,000

Rate: 7.1% p.a. (quarterly)

Tenure: 2 Years

Maturity Value: ₹5,74,898

Interest Earned: ₹74,898

Current FD Rates by Bank (April 2026) — General & Senior Citizen

Compare FD interest rates across major Indian banks for a 1-2 year tenure:

Bank	1 Year FD Rate	2 Year FD Rate	Senior Citizen Extra	Max Tenure
SBI	6.80%	7.00%	+0.50%	10 Years
HDFC Bank	6.60%	7.00%	+0.50%	10 Years
ICICI Bank	6.70%	7.00%	+0.50%	10 Years
Kotak Mahindra	7.10%	7.25%	+0.50%	10 Years
Post Office TD	6.90%	7.00%	No extra	5 Years

Returns on ₹2,00,00,000 FD for 2026 – Interest & Maturity

In Hindi (हिन्दी में पढ़ें)

Interest Multiplier

Capital Structure

Strategy Insight

The Laddering Advantage

FD Interest Rates (2026)

Popular Deposit Amounts

Target Tenure Milestones

Related Savings & Fixed Income Tools

Strategy Playbook

The FD Laddering Masterclass

How Does the FD Calculator Work?

Example: ₹5 Lakh FD for 2 Years

Current FD Rates by Bank (April 2026) — General & Senior Citizen

Frequently Asked Questions

Which bank offers the highest FD rate in India 2026?

What is the latest bank FD interest rate for 2026?

How much will my FD of ₹2.00 Crore be worth in 10 Years?

Which bank offers the highest FD rate in India (April 2026)?

Is my bank FD safe? What is the DICGC insurance limit?

How is FD interest calculated? Quarterly vs Monthly payout?

Can I save tax with a Fixed Deposit? (Section 80C rules)

What is the premature withdrawal penalty for FDs in 2026?

How does the 'FD Laddering' strategy work?

Is FD interest taxable? (TDS rules for 2026)

Can NRIs open Fixed Deposits in India? (NRO vs NRE FD)

Are corporate FDs better than bank FDs?

What is an 'overdraft against FD' and how does it work?

⚠️ Disclaimer

Returns on ₹2,00,00,000 FD for 2026 – Interest & Maturity analyzed by Mahavir Hirani

Institutional Tool Suite

TDS Threshold Alert

FD Laddering

Share this tool

TDS Threshold Alert

FD Laddering

Standardizing Calculation Matrix...

How to Use This Tool

Current FD Rates by Bank ({MONTH} {YEAR}) — General & Senior Citizen

Returns on ₹2,00,00,000 FD for 2026 – Interest & Maturity

In Hindi (हिन्दी में पढ़ें)

Interest Multiplier

Capital Structure

Strategy Insight

The Laddering Advantage

FD Interest Rates (2026)

Popular Deposit Amounts

Target Tenure Milestones

Related Savings & Fixed Income Tools

Strategy Playbook

The FD Laddering Masterclass

How Does the FD Calculator Work?

Example: ₹5 Lakh FD for 2 Years

Current FD Rates by Bank (April 2026) — General & Senior Citizen

Frequently Asked Questions

Which bank offers the highest FD rate in India 2026?

What is the latest bank FD interest rate for 2026?

How much will my FD of ₹2.00 Crore be worth in 10 Years?

Which bank offers the highest FD rate in India (April 2026)?

Is my bank FD safe? What is the DICGC insurance limit?

How is FD interest calculated? Quarterly vs Monthly payout?

Can I save tax with a Fixed Deposit? (Section 80C rules)

What is the premature withdrawal penalty for FDs in 2026?

How does the 'FD Laddering' strategy work?

Is FD interest taxable? (TDS rules for 2026)

Can NRIs open Fixed Deposits in India? (NRO vs NRE FD)

Are corporate FDs better than bank FDs?

What is an 'overdraft against FD' and how does it work?

⚠️ Disclaimer

Returns on ₹2,00,00,000 FD for 2026 – Interest & Maturity analyzed by Mahavir Hirani

Institutional Tool Suite

TDS Threshold Alert

FD Laddering

Share this tool

TDS Threshold Alert

FD Laddering