FD rates in Salem · November 2026

46 banks with a branch in Salem, ranked by their best fixed-deposit rate.

Banks in Salem, ranked by FD rate

General public · below ₹3 crore · Dataset refreshed 14 Nov 2026

#	Bank	Rate	Applies to	Branches here
1	Suryoday Small Finance Bank Small Finance	8.25%	5 years	2
2	Ujjivan Small Finance Bank Small Finance	8.10%	3 year 1 day – 3 year 6 months	2
3	Utkarsh Small Finance Bank Small Finance	8.10%	666 days · 666-day Special	1
4	CSB Bank Private	8.00%	501 days · 501-day Special	4
5	ESAF Small Finance Bank Small Finance	8.00%	800 days · 800-day Special	2
6	Jana Small Finance Bank Small Finance	8.00%	3 years (1095 days)	13
7	Tamil Nadu Industrial Co-operative Bank Co-op	8.00%	37 months upto 60 months	2
8	The Salem District Central Co-operative Bank Ltd. Co-op	8.00%	444 days · 444-day deposit	39
9	DCB Bank Private	7.75%	17 months to 20 months	1
10	Equitas Small Finance Bank Small Finance	7.75%	888 days	14
11	The Shevapet Urban Co-operative Bank Ltd. Co-op	7.75%	1 YEAR AND ABOVE	–
12	Post Office Savings Schemes Government Scheme	7.50%	5 years	498
13	Bandhan Bank Private	7.45%	2 years to less than 3 years	1
14	AU Small Finance Bank Small Finance	7.40%	30 months 1 day to 36 months	1
15	City Union Bank Private	7.30%	556 days to 3 years	21
16	Dhanlaxmi Bank Private	7.25%	1111 days · 1111-day Special	1
17	IDFC First Bank Private	7.25%	500 days – 2 years	2
18	IndusInd Bank Private	7.25%	2 years to 3 years	5
19	Karnataka Bank Private	7.25%	15 months only	2
20	Shamrao Vithal Co-operative Bank Ltd. Co-op	7.25%	14 months to below 16 months	1
21	Tamilnad Mercantile Bank Private	7.25%	567 days (TMB 567 Special Deposit scheme) · 567-day Special	19
22	Yes Bank Private	7.25%	18 months 1 day < 24 months	2
23	Karur Vysya Bank Private	7.20%	400 days · 400-day Special	25
24	Central Bank of India Public	7.00%	2222 days · Cent Green Deposit	3
25	Deutsche Bank India Foreign	7.00%	> 1 yr - 1.5 yrs	1
26	RBL Bank Private	7.00%	18 months to less than 60 months	2
27	Tamil Nadu Grama Bank Rural	7.00%	2 years to less than 3 years	–
28	Punjab & Sind Bank Public	6.90%	500 days · 500-Day Special	2
29	Bank of Baroda Public	6.85%	bob Golden Goal deposit Scheme (555 days) · bob Golden Goal 555 days	10
30	Bank of India Public	6.85%	500 days(BOI Akshay Fixed Deposit) · 500-day Special	5
31	Federal Bank Private	6.80%	18 months	17
32	Indian Bank Public	6.80%	IND GROW (555 days) · IND GROW	44
33	Kotak Mahindra Bank Private	6.80%	2 years- less than 3 years	6
34	Punjab National Bank Public	6.80%	680 days	9
35	South Indian Bank Private	6.80%	30 months	5
36	Canara Bank Public	6.75%	555 days ## · Canara 555	54
37	Indian Overseas Bank Public	6.75%	444 days · 444-day Special	32
38	UCO Bank Public	6.70%	535 days · UCO 535	3
39	Bank of Maharashtra Public	6.65%	400 days · 400-day special	4
40	Axis Bank Private	6.60%	2 years < 3 years	19
41	HDFC Bank Private	6.60%	3 years 1 day to < 4 years 7 months	21
42	ICICI Bank Private	6.60%	3 years 1 day to 5 years	15
43	IDBI Bank Private	6.55%	1100 days · 1100-day Special	5
44	Union Bank of India Public	6.55%	555 days · 555-Day Special	24
45	DBS Bank India Foreign	6.50%	501 days to 540 days	20
46	State Bank of India Public	6.45%	444 days (Amrit Vrishti) · Amrit Vrishti 444 days	56

State

Tenure

Deposit amount

46 banks we track have a branch in Salem. 5 of them are co-operative or regional rural banks, which often pay more than the big national banks. As of 14 Nov 2026, the highest FD rate here is 8.25% at Suryoday Small Finance Bank.

Every rate comes from the bank's own page and is re-read daily. The table ranks each bank by its best rate for a general depositor below ₹3 crore; pick a tenure and amount in the filters to match your deposit. Deposits at these banks are covered by DICGC up to ₹5 lakh per depositor per bank. Branch counts come from RBI's IFSC list.

Best FD rate in Salem by type of bank

The highest rate in each group, among banks with a branch here.

Public	Central Bank of India	7.00%	2222 days
Private	CSB Bank	8.00%	501 days
Small Finance	Suryoday Small Finance Bank	8.25%	5 years
Rural	Tamil Nadu Grama Bank	7.00%	2 years to less than 3 years
Co-op	Tamil Nadu Industrial Co-operative Bank	8.00%	37 months upto 60 months
Co-op	The Shevapet Urban Co-operative Bank Ltd.	7.75%	1 YEAR AND ABOVE
Foreign	Deutsche Bank India	7.00%	> 1 yr - 1.5 yrs
Government Scheme	Post Office Savings Schemes	7.50%	5 years

More places in Tamil Nadu

Chennai60 banks8.25%Coimbatore50 banks8.25%

All of Tamil Nadu · All places

Frequently Asked Questions

Which bank has the highest FD rate in Salem?

As of 14 Nov 2026, Suryoday Small Finance Bank pays the highest FD rate among banks with a branch in Salem: 8.25% a year for general depositors. Next are Ujjivan at 8.10% and Utkarsh at 8.10%. Confirm the current rate with the bank before you invest.

How many banks have a branch in Salem?

46 of the banks RateScan.in tracks have at least one branch in Salem, counted from RBI's IFSC list: 5 co-operative and regional rural banks, and 41 public, private, small finance and other banks.

Are FDs at co-operative banks in Salem safe?

Deposits at RBI-licensed co-operative banks are insured by DICGC up to ₹5 lakh per depositor per bank, the same cover as at any other bank. Co-operative banks are smaller, and their higher rates reflect that, so check the bank's standing and keep your deposits at each bank within the insured amount.

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