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When seeking the highest fixed deposit (FD) interest rates in April 2026, the small finance banks are in a clear lead with good returns up to 8.60% p.a. to generic citizens (and more to the elderly citizens).

Top performers include:

• Unity Small Finance Bank - 8.60 percent (to 1001 days - select tenures)
• Suryoday Small Finance Bank — up to 8.10-8.40% on different tenures.
• Shivalik Small Finance Bank - up to 8.30%
• Utkarsh Small Finance Bank—8.25 percent, maximum.
• Jana Small Finance Bank — up to 7.77-8.00%

In comparison, major banks offer lower rates: SBI (up to 6.40-6.45%), HDFC & ICICI (around 6.50%), Axis (6.45%), and Yes Bank (up to 7.00-7.75% for seniors). Top rates of 6.50-7.25 on special tenures by the public sector banks.

The latest rates can vary, so always look at the current rates on official bank websites or aggregate sites such as Paisabazaar. DICGC insures deposits of up to 5 lakh per bank, and therefore the small FDs of a finance bank are not that unsafe when aiming to obtain higher returns. Mostly the senior citizens receive an additional 0.50 percent or even more.