Bank FD rates April 2026: Up to 7.20% returns—compare SBI, HDFC Bank, ICICI Bank, Kotak Mahindra Bank

Fixed deposits continue to remain a preferred investment choice for risk-averse investors in April 2026, with leading banks offering interest rates of up to 7.20 per cent for senior citizens across select tenures. Interest rates across banks have remained broadly stable, with variations based on tenure, customer category and individual bank policies. A comparison of fixed deposit (FD) rates offered by State Bank of India (SBI), HDFC Bank, ICICI Bank and Kotak Mahindra Bank shows differences in returns across short-, medium- and long-term deposits.

FDs offer fixed returns over a defined period, with tenures ranging from 7 days to 10 years. Current rate structures indicate relatively higher interest rates for deposits in the 1 year to 3 year range, while longer tenures beyond 5 years show stable or slightly lower rates. Senior citizens are offered an additional interest rate of up to 0.50 per cent over standard rates across most banks.

SBI FD rates

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State Bank of India, the country’s largest public sector lender, offers its highest FD rate of 6.45 per cent for regular investors on deposits between 2 years and less than 3 years. Senior citizens earn up to 6.95 per cent for the same tenure.

For longer tenures of 5 years to 10 years, SBI offers 6.05 per cent for general customers and up to 7.05 per cent for senior citizens.

Short-term deposits start from 3.05 per cent for 7–45 days and gradually rise with tenure. The bank’s rates remain competitive, especially for those looking for safety and stability.

Kotak Mahindra Bank FD rates

Kotak Mahindra Bank currently offers one of the highest FD returns among major banks, with senior citizens earning up to 7.20 per cent on deposits between 15 months and less than 3 years.

For regular customers, the highest rate stands at 6.70 per cent across similar tenures. The bank also offers attractive short-term rates, starting from 2.75 per cent and rising steadily for longer durations.

Kotak’s FD structure is particularly attractive for investors seeking higher returns in the medium-term horizon without locking funds for very long periods.

HDFC Bank FD rates

HDFC Bank offers a maximum interest rate of 6.50 per cent for regular investors on deposits between just over 3 years and less than 5 years. Senior citizens can earn up to 7.00 per cent for similar tenures.

For deposits between 18 months and 3 years, senior citizens receive 6.95 per cent, while regular investors get up to 6.45 per cent.

Short-term rates begin at 2.75 per cent and increase progressively, making HDFC Bank a balanced option across tenures.

ICICI Bank FD rates

ICICI Bank offers one of the highest returns for longer tenures, with senior citizens earning up to 7.10 per cent on deposits between 3 years and 5 years, including tax saver FDs.

For general investors, the highest rate is 6.50 per cent for deposits ranging from 3 years to 10 years.

Short-term FDs start from 2.75 per cent and rise steadily, with strong offerings across both medium- and long-term categories.

Disclaimer

Interest rates mentioned above are based on data available on respective bank websites as of April 2026 and are subject to change. Investors are advised to verify the latest rates and terms directly with banks before making any investment decisions.