# Compare fixed deposit rates across 16 Indian banks 2026-08-27T02:07:32+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 2 independent outlets A comparison of fixed deposit rates available from 16 Indian banks up to ₹1 crore. Data came from each bank's website on 24 August and is arranged in five maturity categories from six months up to five years. DCB Bank offers the highest one-year-plus rate at 7.50%. Among smaller lenders, Suryoday Small Finance Bank tops the table with 8.25% for five years. Utkarsh SFB pays 8.10% for 666 days and Unity SFB pays 8% for 501 days. Business Today advises investors that high headline rates should be weighed against lock-in period and the Deposit Insurance and Credit Guarantee Corporation coverage of ₹5 lakh per depositor per bank. A senior citizen may earn up to 8.50% at Suryoday, Shivalik or Unity. Spreading deposits across banks and tenures helps balance return and risk. ## Indian Opinion Analysis The Mint table presents raw rate data across all maturity buckets for 16 banks without recommending any course of action, offering readers straight facts. Business Today leads with the high rates at small finance banks and devotes its body to the trade-offs: tenure, DICGC cover of ₹5 lakh, and the risk-versus-return calculus of moving money from large lenders. What Mint leaves implicit, that the top rates in its table are generally offered by smaller banks, Business Today makes explicit and weighs. Neither source champions a side, but the difference makes the practical decision clearer: the table gives you every number, the comparison article gives you the questions to ask with those numbers. DICGC's ₹5-lakh cap is the figure to keep in mind for anyone splitting a larger deposit. ## Coverage Coverage: 2 sources, 2 neutral - livemint.com (neutral report) Presents raw rate data without evaluation or recommendation - businesstoday.in (neutral report) Leads with SFB rates above 8%, then weighs risk-vs-return advice This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Tags: DCB Bank, DICGC, fixed deposit, RBI, senior citizens FD rate, Suryoday Small Finance Bank Canonical: https://indianopinion.org/compare-fixed-deposit-rates-across-16-indian-banks/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/compare-fixed-deposit-rates-across-16-indian-banks/#story-in-brief How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/