Banks offer FD rates ranging from 6% to 7.5% today

Business Oct 23, 2026

Looking to park your money in a fixed deposit? As of October 23, 2026, banks are really competing for your attention.

Foreign banks such as DBS and Deutsche Bank are offering fixed-deposit interest rates up to 7%.

In the public sector, Punjab & Sind Bank stands out with a 6.9% rate for 1 to 2 years deposits.

Meanwhile, private banks such as DCB Bank and Bandhan Bank are topping the charts with rates of 7.5% and 7.45%.

Banks' FD rates by tenor

DBS Bank gives you 6% for less than a year, bumping up to 6.5% if you commit longer.

Deutsche Bank hits 7% for one- to two-year fixed deposits.

Punjab & Sind Bank leads among public sector options at 6.9%, while DCB Bank offers a solid 7.5% if you're in it for up to five years; Bandhan and City Union aren't far behind either.