Explore the Best Fixed Deposit Schemes

What is a Fixed Deposit?

Fixed Deposit, also known as Term Deposit, is an investment product that provides guaranteed returns to its investors. It invests for a fixed tenure at fixed interest rates that are offered at the time of opening a Fixed Deposit.

Offered by: Banks, Non-Banking Financial Companies (NBFCs), and corporate institutions.
Higher Returns: NBFCs and Corporate bodies offer higher interest rates than banks.

LIC Housing Finance Ltd

Rating FAAA
Tenure 1-5 Years
Rate of Interest
6.50% - 6.90%
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Mahindra Finance

Rating FAAA
Tenure 1-5 Years
Rate of Interest
6.40% - 7.00%
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Shriram Finance

Rating AA+
Tenure 1-5 Years
Rate of Interest
6.79% - 8.85%
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Bajaj Finance

Rating AAA
Tenure 1-5 Years
Rate of Interest
6.41% - 6.95%
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PNB Housing Finance

Rating FAA
Tenure 1-5 Years
Rate of Interest
6.64% - 7.10%
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ICICI Home Finance

Rating FAAA
Tenure 1-10 Years
Rate of Interest
6.50% - 7.10%
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What is a Fixed Deposit?

Fixed Deposit, also known as Term Deposit, is an investment product that provides guaranteed returns to its investors. It invests for a fixed tenure at fixed interest rates that are offered at the time of opening a Fixed Deposit.

Offered by: Banks, Non-Banking Financial Companies (NBFCs), and corporate institutions.
Higher Returns: NBFCs and Corporate bodies offer higher interest rates than banks.

Best Fixed Deposit Interest Rates in 2025

Fixed Deposit Interest Rates are always changing, so investors must keep up with the recent developments. Knowing the current interest rates can help individuals maximize their earnings, as banks and other fiscal associations always change their rates. These rates change according to the issuer, the depositor's age, and the length of the deposit. Investors can make wise choices and safely invest their savings to lock-in attractive rates by following these rates. To get the top returns on your investment, check the Best Fixed Deposit Interest Rates in 2025 before investing.

Provider Bajaj Finserv FD Bajaj Finserv FD Bajaj Finserv FD
Interest Rate (Non-Senior Citizen) 7.00% 7.60% 6.95%
Interest Rate (For Senior Citizen) 7.25% 8.10% 7.30%
Tenure 36 Months 36 Months 24 Months
Rating FAAA AA+ AAA

Why Choose Fixed Deposit Schemes for Safe Investment?

It is, also called Corporate Fixed Deposit, similar to regular fixed deposit schemes, but they are provided by corporate entities and NBFCs.Similar to banks, the Reserve Bank of India allows certain NBFCs to take deposits at a fixed interest rate and duration, ensuring regulatory oversight. Investors must look at solutions that offer steady returns, and Fixed Deposit stand out for their attractive interest rates.

Stable Returns

Fixed deposit interest rates don't change even when market conditions change. Benefit from this stability with steady, low-risk returns.

Flexible Tenure

Fixed Deposits provide duration flexibility, with options spanning from a few months to several years to match your financial needs.

Regular Payouts

Choose from flexible interest payout frequencies - monthly, quarterly, or annually - based on your cash flow requirements.

Senior Citizen Benefits

Additional interest rates for senior citizens help maximize returns during retirement years with special tax benefits.

Taxation on Fixed Deposit Interest

The amount of tax taken from Fixed Deposits interest varies depending on who holds the account. Understanding these rules can help you optimize your tax liability.

Non-Resident Indians (NRIs)

According to Section 195 of the IT Act 1961, the TDS rate for NRIs is 50% plus extra charges.

Indian Citizens

The TDS rate on interest is 10%, but only if the interest earned is more than Rs. 5000.

Senior Citizens

Senior citizens pay a 10% TDS on FD interest. If total income is below Rs. 500,000 per year, they're exempt from tax.

Tax Deduction Avoidance

To avoid tax deductions on Fixed Deposit, submit either Form 150 or 151 to your bank or NBFC at the start of the financial year.

Benefits of Corporate Fixed Deposits

Corporate Fixed Deposits are investment instruments offered by creditworthy companies where investors can deposit a fixed amount for a specific term in exchange for a fixed interest rate.

Higher Returns

Companies provide higher interest rates than traditional bank fixed deposits, making them an attractive investment option.

Diversification

Investing in Corporate Fixed Deposits provides diversification to an investment portfolio, balancing the risk-reward profile.

Credit Rating

Companies offering corporate FDs typically have their credit rating evaluated by agencies, providing indication of creditworthiness.

Fixed Returns

Corporate FDs offer a fixed rate of return, meaning investors can expect a predetermined amount of interest on investments.

Flexible Tenure

Fixed Deposits usually have a fixed tenure ranging from a few months to a few years, helping investors plan liquidity needs.

Shorter Penalty Period

Compared to bank FDs, corporate fixed deposits typically have shorter penalty periods for early withdrawal.

Why Invest in Fixed Deposit with RR Finance

At RR Finance, we believe in empowering your financial future with secure and rewarding investment options. Our Fixed Deposit investment plans offer stability and guaranteed returns, making them the ideal choice for risk-averse investors seeking to grow their wealth steadily. With competitive interest rates and flexible tenure options, our Fixed Deposit Savings ensure your money works efficiently for you without exposure to market volatility.

100% Online Process

Complete your investment journey seamlessly through our secure online platform. Open a fixed deposit account in minutes from anywhere.

Transparent Information

Access comprehensive product details, terms, and conditions. Make informed decisions with complete clarity on your investment.

Trusted Distributor

With 36 years of expertise, RR Finance is a pioneer national distributor of corporate fixed deposits, trusted by thousands of investors.

Secure & Insured

Your investments are protected with industry-leading security measures and insurance coverage for added peace of mind.

Competitive Returns

Enjoy higher interest rates compared to traditional savings accounts with guaranteed returns on your investment.

Flexible Options

Choose from various tenure options and interest payout frequencies that align with your financial goals.

Ready to Secure Your Financial Future?

Start your investment journey with RR Finance today and enjoy guaranteed returns with complete peace of mind.

Invest Now

Fixed Deposit Calculator

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Why Use Our FD Calculator?

A Fixed Deposit calculator is a vital tool for estimating returns, comparing options, and planning finances effectively. By inputting the principal amount, tenure, and providing the Best Fixed Deposit Interest Rates, it provides accurate projections of maturity proceeds, aiding in decision-making.

Accurate Projections

Get precise estimates of your maturity amount based on current interest rates and compounding frequency.

Compare Options

Easily compare returns from different banks and tenure options to make the best investment decision.

Plan Finances

Plan your financial goals effectively by understanding how much your investment will grow over time.

FD Rates of Top 5 Private Banks

Tenor Bucket Deposit less than 2 Crore
Interest Rate (per annum) **Senior Citizen Rates (per annum)
7 - 14 days 3.00% 3.50%
15 - 29 days 3.00% 3.50%
30 - 45 days 3.50% 4.00%
46 - 60 days 4.50% 5.00%
61 - 89 days 4.50% 5.00%
90 days < = 6 months 4.50% 5.00%
6 months 1 days <= 9 months 5.75% 6.25%
9 months 1 day to < 1 year 6.00% 6.50%
1 year to < 15 months 6.60% 7.10%
15 months to < 18 months 7.10% 7.60%
18 months to < 21 months 7.25% 7.75%
21 months - 2 years 7.00% 7.50%
2 years 1 day to < 2 years 11 Months 7.00% 7.50%
2 year 11 Months - 35 Months 7.15% 7.65%
2 year 11 Months 1 Days <= 3 Year 7.00% 7.50%
3 year 1 days to < 4 Years 7 Months 7.00% 7.50%
4 year 7 Months - 55 Months 7.20% 7.70%
4 year 7 Months 1 day <= 5 Years 7.00% 7.50%
5 year 1 day - 10 years 7.00% 7.50%*
Tenor Bucket Interest rates (per cent per annum) w.e.f. February 17, 2024
Single deposit of less than ₹2 Crores
General **Senior Citizen
7 - 14 days 3.00% 3.50%
15 - 29 days 3.00% 3.50%
30 - 45 days 3.50% 4.00%
46 - 60 days 4.25% 4.75%
61 - 90 days 4.50% 5.00%
91 - 120 days 4.75% 5.25%
121 -150 days 4.75% 5.25%
151 - 184 days 4.75% 5.25%
185 - 210 days 5.75% 6.25%
211 - 270 days 5.75% 6.25%
271 - 289 days 6.00% 6.50%
290 - less than 1 year 6.00% 6.50%
1 year - 389 days 6.70% 7.20%
390 days to < 15 months 6.70% 7.20%
15 months to < 18 months 7.20% 7.75%
18 months to 2 years 7.20% 7.75%
2 years 1 day to 3 years 7.00% 7.50%
3 years 1 day to 5 years 7.00% 7.50%
5 years 1 day to 10 years 6.90% 7.50%
5 Years (80C FD) – Max to 1.50 lac 7.00% 7.50%
Tenor Bucket Interest rates (per cent per annum) w.e.f. March 22, 2023
Single deposit of less than ₹20.0 million
General **Senior Citizen
7 - 14 days 2.75% 3.25%
15 - 30 days 3.00% 3.50%
31 - 45 days 3.25% 3.75%
46 - 90 days 3.50% 4.00%
91 - 120 days 4.00% 4.50%
121 - 179 days 4.25% 4.75%
180 days 7.00% 7.50%
181 days - 269 days 6.00% 6.50%
270 days 6.00% 6.50%
271 days - 363 Days 6.00% 6.50%
364 days 6.50% 7.00%
365 - 389 days 7.10% 7.60%
390 Days(12 months 25 days) 7.40% 7.90%
391 Days - less than 23 months 7.40% 7.90%
23 months 7.30% 7.85%
23 months 1 days - less than 2 Years 7.30% 7.85%
2 years - less than 3 year 7.15% 7.65%
3 year and above but less than 4 years 7.00% 7.60%
4 years and Above - less than 5 years 7.00% 7.60%
5 years - less than or equal to 10 years 6.20% 6.70%
Tenor Bucket Interest rates (per cent per annum) w.e.f. March 22, 2023
Single deposit of less than ₹20.0 million
General **Senior Citizen
7 - 14 days 3.00% 3.50%
15 - 29 days 3.00% 3.50%
30 - 45 days 3.50% 4.00%
46 - 60 days 4.25% 4.75%
61 days < 3 Months 4.75% 5.00%
3 months < 3 months 24 days 4.75% 5.25%
3 months 24 days < 4 months 4.75% 5.25%
5 months < 6 months 4.75% 5.25%
6 months < 7 months 5.75% 6.25%
7 months < 8 months 5.75% 6.25%
8 months < 9 months 5.75% 6.25%
9 months < 10 months 6.00% 6.50%
10 months < 11 months 6.00% 6.50%
11 months - 11 months 24 days 6.00% 6.50%
11 months 25 days < 1 year 6.00% 6.50%
1 year - 1 year 4 days 7.70% 7.20%
1 year 5 days - 1 year 10 days 6.70% 7.20%
1 year 11 days - 1 year 24 days 6.70% 7.20%
1 year 25 days < 13 months 6.70% 7.20%
13 months < 14 months 6.70% 7.20%
14 months < 15 months 7.70% 7.20%
15 months < 16 months 7.10% 7.60%
16 months < 17 months 7.10% 7.60%
17 months < 18 months 7.20% 7.85%
18 Months < 2 years 7.10% 7.60%
2 years < 30 months 7.10% 7.60%
30 months < 3 years 7.10% 7.60%
3 years < 5 years 7.10% 7.60%
5 years to 10 years 7.00% 7.75%
Tenor Bucket Interest rates (per cent per annum) w.e.f. 21st November, 2023
Single deposit of less than ₹2 Crore
General **Senior Citizen
7 days to 14 days 3.25% 3.75%
15 days to 45 days 3.70% 4.20%
46 days to 90 days 4.10% 4.60%
91 days to 120 days 4.75% 5.25%
121 days to 180 days 5.00% 5.50%
181 days to 271 days 6.10% 6.60%
272 days to < 1 year 6.35% 6.85%
1 year 7.25% 7.75%
1 year 1 day to < 18 months 7.50% 8.00%
18 months to < 24 months 7.75% 8.25%
24 months to < 36 months 7.25% 7.75%
36 months to < 60 months 7.25% 8.00%
60 months 7.25% 8.00%
60 months 1 day to <= 120 months 7.00% 7.75%

FD Rates of Top 5 PSU Banks

Maturity Period Interest rates (per cent per annum) w.e.f. February 15, 2023
General **Senior Citizen
7 days to 45 days 3.50% 4.00%
46 days to 179 days 5.50% 6.00%
180 days to 210 days 6.00% 6.50%
211 days to less than 1 year 6.25% 6.75%
1 Year to less than 2 years 6.80% 7.30%
2 years to less than 3 years 7.00% 7.50%
3 years to less than 5 years 6.75% 7.25%
5 years and up to 10 years 6.50% 7.50%
Maturity Period Interest rates w.e.f. February 20, 2023
General **Senior Citizen
7 to 14 days 3.50% 4.00%
15 to 29days 3.50% 4.00%
30 to 45 days 3.50% 4.00%
46 to 60 days 4.50% 5.00%
61 to 90 days 4.50% 5.00%
91 to 179 days 4.50% 5.00%
180 to 270 Days 6.00% 6.50%
271 to 299 days 6.25% 7.75%
300 days 7.05% 7.55%
301 days to less than 1 Year 6.25% 6.75%
1 year 6.75% 7.25%
above 1 year to 339 days 6.80% 7.30%
400 days 7.25% 7.75%
401 days to 2 years 6.80% 7.30%
above 2 year & upto 3 years 7.00% 7.50%
above 3 year & upto 5 years 6.50% 7.00%
above 5 years & upto 10 years 6.50% 7.30%

Note: The FD interest rates are effective as of 12 April, 2024

Tenor Bucket Interest rates w.e.f. November 14, 2022
General **Senior Citizen
7 days to 14 days 4.25% 4.75%
15 days to 45 days 4.50% 5.00%
46 days to 90 days 5.50% 6.00%
91 days to 180 days 5.60% 6.10%
181 days to 210 days 5.75% 6.25%
211 days to 270 days 6.15% 6.65%
271 days & above and less than 1 year 6.25% 6.75%
360 Days 7.10% 7.60%
1 year 6.85% 7.35%
Above 1 year to 400 days 6.85% 7.35%
Above 400 days and upto 2 Years 6.85% 7.35%
Above 2 Years and upto 3 Years 7.25% 7.75%
Above 3 Years and upto 5 Years 6.50% 7.15%
Above 5 Years and upto 10 Years 6.50% 7.50%
Above 10 years (MACT/MACADCourt Order schemes only) 6.25% 6.75%
399 Days (Baroda Tiranga Plus Deposit Scheme) 7.15% 7.65%
Tenor Bucket Interest rates w.e.f. January 18, 2023
General **Senior Citizen
7 Days to 45 Days 4.00% 4.00%
46 Days to 90 Days 5.25% 5.25%
91 Days to 179 Days 5.50% 5.50%
180 Days to 269 Days 6.15% 6.65%
270 Days to less than 1 Year 6.25% 6.75%
1 Year only 6.85% 7.35%
444 days 7.25% 7.75%
Above 1 Year to less than 2 Years 6.85% 7.35%
2 Years & above to less than 3 Years 6.85% 7.35%
3 Years & above to less than 5 Years 6.80% 7.3%
5 Years & above to 10 Years 6.70% 7.20%
Maturity Period Interest rates (per cent per annum) w.e.f. January 10, 2023
General **Senior Citizen
7 days to 14 days 3.00% 3.00%
15 days to 30 days 3.00% 3.00%
31 days to 45 days 3.00% 3.00%
46 days to 90 days 4.50% 4.50%
91 days to 179 days 4.50% 4.50%
180 days to 210 days 5.50% 6.00%
211 days to 269 days 5.50% 6.00%
270 days to less than 1 year 5.75% 6.25%
1 year 6.80% 7.30%
Above 1 Year to less than 2 Years 6.80% 7.30%
2 year 7.25% 7.75%
1 Year to less than 2 Years (except 444 Days) 6.00% 6.50%
444 days 7.05% 7.55%
2 Years to less than 3 Years 6.75% 7.25%
3 Years to less than 5 Years 6.5% 7.25%
5 Years to less than 8 Years 6.00% 6.75%
8 years & above to 10 Years 6.00% 6.75%

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Frequently Asked Questions

Fixed deposits are investment options where you put a lump sum amount with a bank or financial institution for a specified time, earning a secured interest rate. They are a safe way to increase your savings steadily over time.

Depending on the bank, NBFC, or financial institution, the Best Fixed Deposit Interest Rates in India could reach upto 8.80% p.a. An additional rate benefit is frequently provided to senior citizens.

Compare the interest rates, duration options, and additional benefits provided by various banks or NBFCs to select the best fixed deposit. Looking for competitive rates from companies like PNB Housing, Bajaj Finance, and Shriram.

A Corporate Fixed Deposit (FD) is one that companies or non-bank financial institutions (NBFCs) offer in place of conventional banks. Compared to bank FDs, these carry a marginally higher risk but frequently offer higher interest rates.

  • Guaranteed returns
  • Higher and more attractive Fixed Deposit Interest Rates than savings accounts
  • Flexible tenure options
  • Low-risk investment

Yes, Fixed Deposit Interest Rates are liable for taxation under "Income from Other Sources." However, Section 80C provides deductions for Tax-Saving FDs.

Yes, but early withdrawals could result in lower interest rates and penalties.

Several factors, like interest rates, duration, and issuer credibility, influence the Best Fixed Deposit Scheme. Evaluate various FD providers to find the best returns in 2025.

Authorised Arrangers

RR has been a Pioneer National Distributor of Fixed Deposits for the last 35 years. We have a pan-India presence through a network of offices and collection centers. in normal and simple words.

Important Disclaimer

All the above terms are subject to change without any prior notice. It is advisable to confirm the Rate of Interest (ROI) before making the payment/investment.

You are advised to independently verify the data of the Investee Company and their rating from the rating agencies. RR is not liable for the soundness of any investee company or investments made through it.

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