Compare 1 Year Fixed Deposit rates from 25+ banks & NBFCs. Best rate: 7.5% by Mahindra Finance.
| Year | Deposit | Interest Earned | Maturity Value |
|---|
Compare 1 Year Fixed Deposit interest rates and maturity amounts across all major Indian banks and NBFCs.
Deposit: ₹5 Lakh · Quarterly compounding
| Bank | General Rate | Senior Rate | Maturity | Interest Earned |
|---|---|---|---|---|
| Mahindra Finance | 7.5% | 7.75% | ₹5,38,568 | ₹38,568 |
| Shriram Finance | 7.5% | 7.75% | ₹5,38,568 | ₹38,568 |
| Bajaj Finserv | 7.4% | 7.65% | ₹5,38,039 | ₹38,039 |
| IndusInd Bank | 7.25% | 7.75% | ₹5,37,248 | ₹37,248 |
| Yes Bank | 7.25% | 7.75% | ₹5,37,248 | ₹37,248 |
| Bandhan Bank | 7.25% | 7.75% | ₹5,37,248 | ₹37,248 |
| PNB Housing | 7.25% | 7.5% | ₹5,37,248 | ₹37,248 |
| Kotak Mahindra Bank | 7.1% | 7.6% | ₹5,36,456 | ₹36,456 |
| LIC Housing | 7.1% | 7.35% | ₹5,36,456 | ₹36,456 |
| Federal Bank | 7% | 7.5% | ₹5,35,930 | ₹35,930 |
| South Indian Bank | 7% | 7.5% | ₹5,35,930 | ₹35,930 |
| ICICI Bank | 6.9% | 7.4% | ₹5,35,403 | ₹35,403 |
| Axis Bank | 6.9% | 7.4% | ₹5,35,403 | ₹35,403 |
| IDFC First Bank | 6.9% | 7.4% | ₹5,35,403 | ₹35,403 |
| Post Office | 6.9% | 6.9% | ₹5,35,403 | ₹35,403 |
| Bank of Baroda | 6.85% | 7.35% | ₹5,35,140 | ₹35,140 |
| Canara Bank | 6.85% | 7.35% | ₹5,35,140 | ₹35,140 |
| SBI | 6.8% | 7.3% | ₹5,34,877 | ₹34,877 |
| HDFC Bank | 6.8% | 7.3% | ₹5,34,877 | ₹34,877 |
| PNB | 6.8% | 7.3% | ₹5,34,877 | ₹34,877 |
| Union Bank | 6.8% | 7.3% | ₹5,34,877 | ₹34,877 |
| IDBI Bank | 6.8% | 7.3% | ₹5,34,877 | ₹34,877 |
| Bank of India | 6.8% | 7.3% | ₹5,34,877 | ₹34,877 |
| Indian Bank | 6.75% | 7.25% | ₹5,34,614 | ₹34,614 |
| Central Bank | 6.7% | 7.2% | ₹5,34,351 | ₹34,351 |
A 1 Year Fixed Deposit (FD) is a savings instrument where you deposit a lump sum amount for 1 Year at a fixed interest rate. The interest is typically compounded quarterly, and you receive the maturity amount at the end of the tenure.
FD rates vary across banks and are updated regularly. NBFCs like Bajaj Finserv, Shriram Finance, and Mahindra Finance typically offer higher rates. Check the comparison table on this page for current rates from all major banks.
Yes, FD interest is taxable as per your income tax slab. TDS at 10% is deducted if interest exceeds ₹40,000 per year (₹50,000 for senior citizens). You can submit Form 15G/15H to avoid TDS if your total income is below the taxable limit.
In a cumulative FD, interest is compounded and paid at maturity, giving higher effective returns. In a non-cumulative FD, interest is paid out periodically (monthly/quarterly), resulting in slightly lower overall returns but regular income.
Yes, most banks offer loans against FD at interest rates 1-2% above the FD rate. You can typically borrow up to 90% of the FD value without breaking the deposit, which continues to earn interest.