You asked about the interest rate on fixed deposits (FDs) in India. Here’s an up‑to‑date overview: Current FD Interest Rates in India General range: As of mid‑2025, FD rates across banks generally vary between 2.5% to 9.5% per annum, depending on the bank and tenure. The higher end is mostly offered by small finance banks. ([ClearTax][1], [CreditMantri][2]) Small Finance Banks typically offer the most attractive rates. For example: Unity Small Finance Bank: up to 8.6% for regular customers, 9.1% for senior citizens ([ClearTax][1], [Policybazaar][3]) Suryoday Small Finance Bank: up to 8.4–8.6%, and 9.1% for senior citizens ([ClearTax][1], [Policybazaar][3]) DCB Bank recently revised its FD rates offering up to 7.95% for tenures under ₹3 crore ([The Economic Times][4]) Larger public and private sector banks typically offer moderate rates: Generally between 3% to 7.1%, with slightly higher rates (up to \~7.7–8.3%) for senior citizens in some cases ([BankBazaar][5], [CreditMantri][2]) Special FDs & Short-Term Schemes Banks like SBI, Indian Bank, IDBI, and Canara Bank offer special 444‑day FDs, which are mid-term schemes with competitive rates. ([The Economic Times][6]) A few banks still offer FDs with rates exceeding 9%, particularly in special tenures via small finance banks: Suryoday Small Finance Bank: up to 9.10% general, 9.60% senior citizens ([BankBazaar][7]) Unity Small Finance Bank: up to 9.00%, 9.50% for senior citizens ([BankBazaar][7]) Fincare, Equitas, Utkarsh, and others also provide similar high‑interest offerings ([BankBazaar][7], [Policybazaar][3]) For senior citizens, interest rates are typically around 0.5% higher than the standard rate. Some small finance banks even offer up to 9.5% or more. ([CreditMantri][2], [Policybazaar][3], [BankBazaar][7]) Senior Citizen Savings Scheme (SCSS) vs FDs The government-backed SCSS offers a fixed rate of 8.2% p.a., compounded and paid quarterly, for senior citizens. ([The Economic Times][8]) While SCSS provides high security with steady income, small finance bank FDs can outpace it, offering up to 9.10% or more for seniors. However, those involve banking risk and deposit insurance limits. ([The Economic Times][8]) Short-Term FD Rate Trends Due to recent RBI repo rate cuts, some short-term FDs (e.g., with SBI) now offer only up to \~6%, prompting investors to consider debt mutual funds as potentially more lucrative short-term alternatives. ([The Economic Times][9]) Summary Typical FD rates in 2025: ≈ 3%–7% for major banks; up to 8–9% in small finance banks. Special schemes (like 444‑day FDs) may offer better rates. Senior citizens often enjoy an extra 0.5% and can reach rates above 9% with certain small finance banks. SCSS provides a government-guaranteed return of 8.2%, which is solid but slightly lower than the best FD rates. Short-term FD rates have dropped in some cases (e.g., to \~6%), making debt funds a compelling alternative.