# Top Fixed Deposit Rates as of November 2026 Small finance banks lead the market with returns reaching 8.25% for depositors. - **Source:** [mint - money](https://www.livemint.com/rss/money) - **Published:** 2026-11-12 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/ea3c285c-ae5f-4d3c-8a08-6b931bc3530e ## Market Response to Policy The Reserve Bank of India increased the benchmark repo rate by 25 basis points to 5.50% on October 7, 2026. This move, the first hike since February 2023, has prompted commercial banks to adjust their deposit offerings. Consequently, fixed deposit interest rates have become a primary focus for investors seeking stable returns. ## Small Finance Bank Leaders Suryoday Small Finance Bank currently leads the market with an 8.25% interest rate on five-year deposits. Utkarsh and Ujjivan Small Finance Banks follow closely, offering maximum rates of 8.10%. These institutions continue to provide higher yields compared to larger private and public sector banks, attracting significant attention from conservative retail depositors. ## Private Sector Bank Offerings Among private sector banks, DCB Bank provides the highest return at 7.75% for specific tenures of 17 and 20 months. SBM Bank follows with a 7.65% rate for its specified tenure slab. For one-year deposits, SBM Bank remains the leader among this group, offering a competitive 7.50% rate to its customers. ## Public Sector Bank Returns Public sector banks generally offer lower rates than small finance counterparts. Central Bank of India leads this category with a 7% interest rate. Punjab and Sind Bank follows at 6.90%, while Bank of India, Indian Bank, and Canara Bank offer rates ranging between 6.75% and 6.85% for their respective fixed deposit products. ## Comparative Yield Analysis Investors must note that the highest-paying tenures vary significantly across different banking categories. While small finance banks reach up to 8.25%, private sector banks peak at 7.75%, and public sector banks top out at 7%. These variations reflect the different liquidity needs and risk appetites of the respective banking institutions involved. ## Strategic Tenure Selection Shivalik Small Finance Bank offers 7.50% on three-year deposits, while Equitas Small Finance Bank provides up to 8% on its Maxima FD product. City Union Bank offers 7.30% for three-year deposits. Depositors should align their investment horizon with these specific tenure offerings to maximize their total interest earnings over the long term. ## Regulatory and Market Context The current interest rate environment is heavily influenced by the recent RBI policy shift. As banks compete for deposits, they adjust their rates to maintain liquidity and attract capital. These changes directly impact the real returns for regular customers, making it essential to monitor official bank websites for the latest updates. ## Investor Guidance and Disclaimer Fixed deposit rates are subject to change based on evolving market conditions and internal bank policies. This information is provided for educational purposes only and does not constitute financial advice. Investors are encouraged to verify current rates directly with their chosen banks before committing funds to any specific long-term deposit product. ## Sources covering this story - https://www.livemint.com/money/personal-finance/best-fixed-deposit-rates-11-nov-2026-earn-up-to-8-25-check-fd-returns-of-top-5-small-finance-private-public-banks-11794466088256.html — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._