Highest FD returns: SBI, HDFC, ICICI and Canara Bank, which one gives the maximum interest on Rs 5 lakh deposit Latest FD rates impact potential earnings on fixed deposits, requiring careful consideration of tenure and individual bank policies
Fixed deposits (FDs) remain a go-to investment option for risk-averse individuals seeking stable, fixed returns. With banks like State Bank of India (SBI), ICICI Bank, HDFC Bank, and Canara Bank recently reducing their FD interest rates in the last 10 days (as of May 27, 2025), it’s important to compare the latest offerings to make an informed investment decision#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;} SBI FD interest rates
SBI offers FD interest rates between 3.30% and 7.05% per annum (with Special FD) for general citizens and for senior citizens, the bank now offers interest rates between 3.5% to 7.35% and for super senior citizens, SBI offers 7.45%. The highest interest rate of 7.05%, 7.35% (senior citizens) is offered on tenure of 444 days
ICICI Bank FD interest rates
ICICI Bank offers FD interest rate between 3% and 6.85% for general citizens, and for senior citizens, the bank now offers interest rates between 3.5% to 7.35%. The highest FD interest of 6.85% and 7.35% (senior citizens) is offered on tenures of 18 months to 2 years.
Also read: ICICI Bank cuts FD interest rate by up to 20 bps: Senior citizens can earn 7.35% on these tenures
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HDFC Bank FD interest rates
HDFC bank offers FD interest rates between 3% and 6.85% for general citizens and 3.5% to 7.35% for senior citizens. The highest FD interest of 6.85% and 7.35%(senior citizens) is offered on tenure of 15 months to less than 21 months.
HDFC Bank cuts FD interest rate by up to 20 bps: Senior citizens can earn 7.35% on these tenures
Canara Bank FD interest rates
Canara Bank’s FD interest rates on callable fixed deposits now range between 4% and 7% for general customers, and between 4% and 7.50% for senior citizens. The highest FD interest of 7% and 7.50% (senior citizens) is offered on tenure of 444 days.
Bank
General Citizen FD Rates
Senior Citizen FD Rates
Highest Interest Rate (General)
Highest Interest Rate (Senior)
Applicable Tenure
SBI
3.30% – 7.05%
3.50% – 7.35%
7.05%
7.35% (7.45% for super senior)
444 days
ICICI Bank
3.00% – 6.85%
3.50% – 7.35%
6.85%
7.35%
18 months to 2 years
HDFC Bank
3.00% – 6.85%
3.50% – 7.35%
6.85%
7.35%
15 months to
Canara Bank
4.00% – 7.00%
4.00% – 7.50%
7.00%
7.50%
444 days
Here’s a look at the potential interest earnings on a Rs 5 lakh fixed deposit across SBI, ICICI Bank, Canara Bank, and HDFC Bank, based on their highest available interest rates and corresponding tenures. Keep in mind that the maturity amount will vary depending on factors such as investment amount, tenure, applicable interest rate, customer age category, and whether the interest is paid out monthly, quarterly, or compounded. These figures are for illustrative purposes only and actual returns may differ.
How to use it Economic Times calculator
You will have to enter the date of opening of the FD on ET calculator and then enter the amount of deposit which has to be between Rs 500 and Rs 10 lakh. Thereafter, choose the frequency of the interest pay-out. For monthly and quarterly pay-outs, reinvestment, the duration has to be entered in days, months or years. The short term duration can be between 1-31 days.
Lastly, enter the annual rate of interest at which the fixed deposit investment has been made.
SBI interest calculation
If you invest Rs 5,00,000 in an SBI fixed deposit for a tenure of 444 days (equivalent to 1 year, 2 months, and 18 days), you will earn an interest of Rs 44,369 at an interest rate of 7.05% per annum. The total maturity amount you will receive on August 12, 2026, will be Rs 5,44,369. This return is applicable for general citizens under SBI’s special FD scheme.
HDFC and ICICI Bank interest calculation
If you invest Rs 5,00,000 in a fixed deposit with HDFC Bank or ICICI Bank for a tenure of 1 year and 6 months (ending on November 27, 2026), at an interest rate of 6.85% per annum, you will earn Rs51,122 in interest. At maturity, the total amount you will receive will be Rs 5,51,122. This calculation is based on the highest interest rate currently offered by both banks for the given tenure.
Canara Bank interest calculation
If you invest Rs 5,00,000 in a fixed deposit with Canara Bank for a tenure of 444 days (equivalent to 1 year, 2 months, and 18 days), at an interest rate of 7% per annum, you will earn Rs 44,043 in interest. The maturity amount at the end of the term, on August 14, 2026, will be Rs 5,44,043. This reflects the highest FD interest rate currently offered by Canara Bank for this specific tenure. #sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}
This story originally appeared on: India Times - Author:Faqs of Insurances
