Federal offers up to 6.70% p.a. · SBI up to 6.45% p.a. · Side-by-side across all tenures, general & senior citizen rates.
Highlighted cells show the higher rate for each tenure. Dataset refreshed 1 Oct 2026.
| Tenure | Federal | SBI | ||
|---|---|---|---|---|
| General | Senior | General | Senior | |
| 6 months | 5.50% | 6.00% | 6.25% | 6.75% |
| 1 year | 6.40% | 6.90% | 6.25% | 6.25% |
| 2 years | 6.50% | 7.00% | 6.45% | 6.40% |
| 3 years | 6.50% | 7.00% | 6.30% | 6.30% |
| 5 years | 6.40% | 6.90% | 6.05% | 6.05% |
Rates for retail deposits below ₹3 crore. Senior citizen rate typically +0.25–0.50% p.a. Green cells show the higher general rate for each tenure. Calculate your maturity amount →
Federal is a private sector bank; SBI is a public sector bank. Both are RBI-regulated with DICGC deposit insurance up to ₹5 lakh. Federal holds a slim rate advantage right now. For most depositors the difference is modest; branch proximity and existing banking relationships are equally worth weighing.
This is informational only — always verify the current rate on the bank's official website and consult a financial adviser for personalised guidance.
Federal Bank currently offers a higher maximum FD rate of 6.70% p.a., compared to 6.45% p.a. from State Bank of India (as of 1 Oct 2026).
Federal Bank offers 6.40% p.a. for general depositors on 1-year FDs, and 6.90% p.a. for senior citizens (as of 1 Oct 2026). Confirm the current rate on Federal Bank's official website before investing.
State Bank of India offers 6.25% p.a. for general depositors on 1-year FDs, and 6.25% p.a. for senior citizens (as of 1 Oct 2026). Confirm the current rate on State Bank of India's official website before investing.
Yes. Both Federal Bank and State Bank of India are regulated by the Reserve Bank of India (RBI). Deposits at both banks are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to ₹5,00,000 per depositor per bank, covering principal and interest combined. Amounts above ₹5 lakh are not covered by deposit insurance.
Yes, both banks offer additional interest for senior citizens (aged 60 and above), typically 0.25%–0.50% p.a. above the general rate. Federal Bank's 1-year senior rate: 6.90% p.a. State Bank of India's 1-year senior rate: 6.25% p.a.
The highest rate between the two is 6.70% p.a. from Federal Bank for the 48 months tenure (general public, retail deposits below ₹3 crore, as of 1 Oct 2026).
Tell us what would make RateScan.in more useful. No email required.