New Delhi, May 16 -- Fixed deposits (FDs) is a widely preferred investment option for risk-averse investors in India, offering assured returns and capital safety. Banks offer different types of fixed deposit schemes, including regular FDs, while some also introduce special fixed deposit schemes with limited-period offers. Each variant comes with its own interest rates, tenure options, and benefits.

As of May 2026, FD rates (offered by public and private lenders, NBFCs, small finance banks) range between 2.50% to 8.30% per annum for general depositors and up to 8.80% for senior citizens. Simple interest applies to deposits shorter than 6 months and everything above that tenure compounds quarterly.

While regular FDs follow standard intere...