Best 1-Year FDs

Compare FD rates at the 1-year tenure across Indian banks and NBFCs, ranked by real interest rate.

The Top 10

Methodology

How this list is ranked

Ranked by the rate each FD pays specifically at the 1-year (365-day) tenure — not the product's best rate across every tenure it offers, which is often a different, longer lock-in. This is the list to check if you specifically want your deposit back in exactly a year, not whichever tenure happens to pay the most.

DICGC insures deposits up to ₹5 lakh per depositor, per bank — this covers scheduled banks and small finance banks, but not NBFC deposits, which carry a credit rating instead of deposit insurance.

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Best 1-year fixed deposit rates in India

A one-year fixed deposit is a popular choice for money you may need within a year or two, such as an emergency top-up, a planned purchase or a parking spot before a larger investment. The short tenure keeps your money accessible while still earning more than a typical savings account.

The list below is ranked by the interest rate offered at the one-year tenure across banks and small finance banks. Before you choose, check the premature withdrawal penalty, whether the rate differs for deposits under and over a set amount, and whether interest is paid out or compounded.

The ranked list, in plain text

  1. Ujjivan Small Finance Bank Fixed Deposit: 8.25% p.a. for 12 Months · senior citizens 8.75% · DICGC insured. Ujjivan Small Finance Bank offers highly attractive fixed deposit schemes with excellent returns for various tenures, maximizing wealth creation for regular and senior citizens.
  2. Unity Small Finance Bank Fixed Deposit: 7.85% p.a. for 1 year · senior citizens 8.35% · DICGC insured. Unity Small Finance Bank offers some of the highest fixed deposit interest rates in the country, featuring special short and mid-term tenures with exceptional yields up to 9.50% for senior citizens.
  3. Suryoday Small Finance Bank Fixed Deposit: 7.25% p.a. for 1 year · senior citizens 7.4% · DICGC insured. Suryoday Small Finance Bank offers highly competitive fixed deposit schemes with excellent returns for both short and long tenures, including top yields up to 8.10% for general customers.
  4. Capital Small Finance Bank Fixed Deposit: 7.1% p.a. for 12 Months · senior citizens 7.6% · DICGC insured. Capital Small Finance Bank offers attractive fixed deposit interest rates with high yields and special tenure options for short-term and medium-term requirements.
  5. Bandhan Bank Fixed Deposit: 7% p.a. for 1 year · senior citizens 7.5% · DICGC insured. Bandhan Bank offers competitive interest rates on fixed deposits with easy online opening and flexible tenure options.
  6. Jana Small Finance Bank Fixed Deposit: 7% p.a. for 271 days to 366 days · senior citizens 7.5% · DICGC insured. Jana Small Finance Bank offers highly competitive fixed deposit rates with exceptional returns for both short and long tenures including top yields of 8.00% for regular citizens.
  7. Central Bank of India Fixed Deposit: 6.85% p.a. for 1 year to less than 444 days · senior citizens 7.35% · DICGC insured. Central Bank of India offers attractive fixed deposit schemes with flexible tenures and special schemes like Cent Garima 777 Days and Cent Green 1111 Days.
  8. Tamilnad Mercantile Bank Fixed Deposit: 6.8% p.a. for 1 year · senior citizens 7.3% · DICGC insured. Tamilnad Mercantile Bank offers highly competitive fixed deposit schemes with special high-yield tenures like TMB 456 and TMB 567 days for maximum returns.
  9. South Indian Bank Fixed Deposit: 6.7% p.a. for 1 year · senior citizens 7.2% · DICGC insured. South Indian Bank offers highly secure fixed deposits with premium interest rates on specific tenures and flexible options for diverse financial requirements.
  10. YES Bank Fixed Deposit: 6.65% p.a. for 12 months · senior citizens 7.15% · DICGC insured. YES Bank provides highly rewarding fixed deposit schemes with flexible tenures and an extra interest rate advantage for senior citizens especially on select durations.

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