Latest fixed deposit rates: How Post Office, SBI, and HDFC Bank FD rates compare across tenures

Fixed Deposits (FDs) remain a preferred choice for many Indians, especially among those seeking safety and capital preservation. While banks like SBI and HDFC offer flexible tenure and digital convenience, Post Office Time Deposits (POTDs), backed by the Government of India, provide higher safety and often better rates for medium to long-term investments.

As of the April–June 2025 quarter, Post Office Fixed Deposits offer attractive interest rates across tenures. The 1-year FD earns 6.9%, the 2-year FD offers 7.0%, and the 3-year FD gives 7.1%.

The highest rate is on the 5-year FD, which stands at 7.5% per annum. These rates are government-backed, revised quarterly, and come with a high level of safety.

For regular depositors, SBI offers 6.25% interest for 1-year FDs, 6.45% for 2-year FDs, and 6.30% for 3-year deposits. For 5-year to 10-year FDs, the rate is slightly lower at 6.05%.

For senior citizens, SBI provides a 0.50% additional interest: 6.75% for 1-year, 6.95% for 2 years, 6.80% for 3 years, and 7.05% for 5 to 10-year tenures.

HDFC Bank offers 6.25% for 1-year FDs, 6.95% for 2-year deposits, and 6.95% for 3-year deposits. Long-term 5 to 10-year deposits earn 6.40%.

For senior citizens, the rates are more attractive: 6.75% for 1-year, 6.95% for 2 and 3 years, and up to 7.10% on select 18–21 month deposits. The 5 to 10-year FD for senior citizens offers 6.65%.

Post Office vs SBI vs HDFC Bank FD: Which is better for you?

⦁ If you want maximum security with government backing, Post Office FDs are hard to beat.

⦁ If you are okay locking in for 3‑5 years, the Post Office gives good rates.

⦁ For many people, banks may offer greater convenience due to better branch access, online banking facilities, and quicker paperwork. In contrast, post offices might require more travel and can have slower processing in some areas.