New Delhi, April 29 -- Before opening a fixed deposit, it is recommended to compare the fixed deposit (FD) interest rates offered by different banks. Lately, most commercial banks have slashed their interest on deposits as well as on advances.

Here we list out the interest rates they offer on 1-year deposits as well as highest interest they offer on their deposits.

Federal Bank: On one year deposits, Federal Bank offers 6.85 percent to general citizens and 7.35 percent to senior citizens. On a 444-day deposit, the bank offers 7.30 percent interest (highest across tenures) to general citizens and 7.8 percent to senior citizens. These rates came into force on April 17, 2025.

HDFC Bank: With effect from April 19, HDFC Bank offers 6.60 per...