Fixed deposits (FDs) continue to be one of the safest and most reliable investment options in India. In 2025, banks are offering attractive interest rates on FDs, with some schemes promising returns as high as 9%. Whether you’re a risk-averse investor or simply looking for a stable way to grow your savings, FD schemes are worth considering. This guide will help you discover the top 10 FD schemes for 2025, offering competitive returns and other unique features.
Why Choose Bank FDs?
Bank FDs remain a favored investment for those seeking security and guaranteed returns. They provide fixed interest rates, which means you know exactly how much you’ll earn over a specific tenure. With the increasing rates in 2025, FDs are becoming even more appealing. Moreover, they offer liquidity, as you can easily withdraw funds or opt for a loan against your FD in case of emergencies.
ICICI Bank FD – 9% Interest
ICICI Bank’s fixed deposit scheme offers one of the highest interest rates in the market at 9% for senior citizens. For regular customers, the rate stands at 8.5%. With flexible tenures ranging from 7 days to 10 years, it caters to both short-term and long-term investors. Additionally, ICICI offers tax-saving FD options that can help reduce your taxable income.
HDFC Bank FD – 8.75%
HDFC Bank’s FD scheme offers attractive rates of up to 8.75%, depending on the tenure and customer profile. Senior citizens can avail themselves of an additional 0.5% interest rate. With its reputation for stability, HDFC provides various tenure options and a facility to nominate beneficiaries. The convenience of online FD booking makes it user-friendly.
Axis Bank FD – 8.5% Interest
Axis Bank offers an FD interest rate of 8.5% for regular customers, while senior citizens can earn up to 9%. Axis Bank also provides flexible tenure options from 7 days to 10 years. Their online FD services are easy to use, and you can also choose to reinvest your interest earnings for compounded growth.
State Bank of India (SBI) FD – 8.3%
As the largest public sector bank in India, SBI offers FD schemes with competitive interest rates of up to 8.3%. SBI’s Fixed Deposits are available in various tenures and come with the option of tax-saving FDs, which offer deductions under Section 80C. Senior citizens benefit from a higher rate of interest, making it an excellent choice for long-term savings.
Punjab National Bank (PNB) FD – 8.5%
PNB offers a fixed deposit scheme with an attractive interest rate of 8.5%. Senior citizens can enjoy even better rates, up to 9%. Their FD products are known for their flexibility, and investors can choose tenures ranging from 7 days to 10 years. PNB also allows premature withdrawal, though a penalty is applied.
Kotak Mahindra Bank FD – 8.5%
Kotak Mahindra Bank provides a highly competitive FD rate of 8.5% for regular depositors. For senior citizens, the rate is slightly higher, at 9%. Investors can opt for tenures from 7 days to 10 years, and Kotak also offers an online FD booking system for added convenience. They offer a range of FD options, including monthly payout and cumulative FD schemes.
Bank of Baroda FD – 8.4%
Bank of Baroda offers an FD rate of up to 8.4%, making it an attractive choice for investors looking to lock in funds for medium to long tenures. Senior citizens can earn up to 8.9%. Bank of Baroda’s online banking platform allows easy FD opening, and customers can also access loan facilities against their FD.
IDFC First Bank FD – 8.75%
IDFC First Bank has emerged as a strong contender in the FD market, offering an attractive rate of 8.75%. With FD tenure options ranging from 7 days to 10 years, the bank caters to both short-term and long-term investors. The FD scheme is flexible, allowing you to choose between monthly, quarterly, or cumulative interest payouts.
Bajaj Finance FD – 8.8%
Bajaj Finance is one of the leading non-banking financial companies (NBFCs) offering high-yield fixed deposits with rates up to 8.8%. The company provides both regular and senior citizen FD schemes with a wide range of tenure options. Bajaj Finance also offers the facility of FD renewal and the option to nominate a beneficiary.
Yes Bank FD – 8.7%
Yes Bank provides an FD scheme with an interest rate of up to 8.7%. Senior citizens can earn 9% interest, making it an appealing choice for the elderly. The bank offers a range of FD options and provides the flexibility to choose the frequency of interest payouts. Yes Bank’s FD schemes are ideal for those seeking consistent returns with minimal risk.
Key Factors to Consider
When choosing an FD scheme, it’s important to consider factors like tenure, interest rate, and whether you’re eligible for higher rates as a senior citizen. Many banks offer additional perks like tax-saving FDs and loan facilities against your FD, making them versatile options for diversified financial planning.
Conclusion
In 2025, high-yield FD schemes are more attractive than ever, with banks offering competitive interest rates that can go up to 9% for senior citizens. Whether you’re looking for short-term growth or long-term savings, these top 10 bank FD schemes will help you make the most of your investments. Ensure you assess your financial goals, risk tolerance, and liquidity needs before committing to an FD scheme.
Disclaimer: The interest rates and details mentioned are based on information available in 2025 and may change over time. Please verify with the respective banks for the most up-to-date terms.