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Tenure-specific deposit research

2-Year Fixed Deposit Rates in India

Compare 2-Year Fixed Deposit rate anchors from dated first-party Indian bank schedules. Rates are ordered only within comparable product structures and retain their effective/reference dates.

Comparable tenure anchor

Compare the same tenure, not each bank's headline maximum.

This page uses only the 2 years anchor directly stored from each reviewed bank schedule. We do not interpolate between tenure bands, and each row keeps its own effective/reference date.

Comparison rule17 products publish this anchor.

Ordinary retail/callable deposits are separated from bulk and non-callable structures so a higher special rate is not presented as universally available.

Comparable retail/callable schedule

2-Year rates ordered by the stored general-customer anchor.

Ordering is a snapshot comparison, not a recommendation. Deposit amount, eligibility, senior status, payout mode, premature withdrawal and the bank's live booking screen can change the applicable rate.

Research matrix: Bank / product; General; Eligible senior
Bank / productGeneralEligible senior
IDFC FIRST Bank Fixed DepositIDFC FIRST Bank · Retail / callable · July 25, 20267.25%7.50%
AU Small Finance Bank Regular Fixed DepositAU Small Finance Bank · Retail / callable · September 1, 20267.00%7.50%
YES BANK Fixed DepositYES BANK · Retail / callable · June 2, 20267.00%7.50%
Kotak Mahindra Bank Regular Fixed DepositKotak Mahindra Bank · Retail / callable · June 10, 20266.80%7.30%
HDFC Bank Fixed DepositHDFC Bank · Retail / callable · August 19, 20266.45%6.95%
Federal Bank Fixed DepositFederal Bank · Retail / callable · August 17, 20266.40%6.90%
SBI Retail Domestic Term DepositState Bank of India · Retail / callable · December 15, 20256.40%6.90%
Canara Bank Domestic Callable Fixed DepositCanara Bank · Retail / callable · March 17, 20266.25%6.75%
Different eligibility / structure

Special structures publishing the same tenure anchor.

These are not mixed into the ordinary retail ordering because higher minimum amounts, non-callability or other eligibility conditions make them a different decision.

Kotak Mahindra BankFixed deposit

Kotak Mahindra Bank NRE Fixed Deposit

Kotak's NRE fixed deposit for repatriable overseas funds, using the bank's current Domestic/NRO/NRE callable rupee rate schedule.

First-party checked3 bank sourcesReviewed September 10, 2026
Current rate evidenceThe reviewed Domestic/NRO/NRE callable schedule effective 10 June 2026 peaks at 6.80% in the 2-year-to-under-3-year band below ₹3 crore; NRI deposits do not receive resident senior additions.
Best fitKotak NRI customers who want a rupee term deposit with full NRE principal/interest repatriability and Indian tax-exempt interest.
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Kotak Mahindra BankFixed deposit

Kotak Mahindra Bank NRO Fixed Deposit

Kotak's NRO fixed deposit for Indian-source NRI funds, using the current shared Domestic/NRO/NRE rupee rate schedule with NRO tax and repatriation treatment.

First-party checked3 bank sourcesReviewed September 10, 2026
Current rate evidenceThe current callable schedule effective 10 June 2026 peaks at 6.80% in the 2-year-to-under-3-year band below ₹3 crore; NRI deposits do not receive resident senior additions.
Best fitKotak NRI customers placing Indian-source rupee funds into a term deposit while retaining NRO-compliant repatriation.
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Federal BankFixed deposit

Federal Bank Deposit Plus (Non-Callable)

Federal Bank’s non-callable Deposit Plus for high-value resident and NRO term deposits, with a separate premium rate ladder and no normal premature closure.

First-party checked2 bank sourcesReviewed September 10, 2026
Current rate evidenceDeposit Plus rates effective 17 August 2026 reach 6.85% p.a. for general customers and 7.35% p.a. for eligible senior citizens at the reviewed 48-month tenor.
Best fitDepositors with more than ₹1 crore who are certain they can hold to maturity and want to compare a non-callable premium rate with ordinary callable Federal Bank FDs.
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Federal BankFixed deposit

Federal Bank NRE Deposit Plus

Federal Bank’s non-callable NRE Deposit Plus for high-value NRE term deposits, using a separate premium rate ladder in exchange for giving up ordinary premature-withdrawal flexibility.

First-party checked3 bank sourcesReviewed September 10, 2026
Current rate evidenceNRE Deposit Plus rates effective 17 August 2026 run from 6.35% at 1 year to 6.85% at 48 months for the reviewed below-₹3-crore band.
Best fitNRE depositors with more than ₹1 crore who are certain they can hold to maturity and want to compare the premium non-callable ladder with Federal’s ordinary callable NRE FD.
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HDFC BankFixed deposit

HDFC Bank NRE Fixed Deposit

HDFC Bank's rupee NRE term deposit for eligible overseas funds, with a 1-to-10-year tenure, full repatriability and Indian tax-exempt interest under current NRE treatment.

First-party checked3 bank sourcesReviewed September 10, 2026
Current rate evidenceFor deposits below ₹3 crore, the reviewed Domestic/NRO/NRE schedule effective 19 August 2026 pays 6.25% at 1 year, 6.45% around the 18-month-to-3-year bands and 6.50% in the 3-year-1-day to under-4-year-7-month band. Senior-citizen additions do not apply to NRIs.
Best fitNRIs/PIOs who want to convert eligible overseas funds into an INR term deposit while preserving full repatriability and NRE tax treatment.
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HDFC BankFixed deposit

HDFC Bank NRO Fixed Deposit

HDFC Bank's NRO rupee fixed deposit for Indian-source NRI funds, with tenures from 7 days to 10 years, taxable interest and NRO repatriation rules.

First-party checked2 bank sourcesReviewed September 10, 2026
Current rate evidenceThe same reviewed below-₹3-crore Domestic/NRO/NRE schedule effective 19 August 2026 applies to ordinary callable NRO deposits; senior-citizen additions do not apply to NRIs.
Best fitNRIs/PIOs who need to term-deposit Indian-source rupee balances and can work within NRO tax and outward-remittance rules.
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Federal BankFixed deposit

Federal Bank NRE Fixed Deposit

Federal Bank's NRE term deposit with a current 17 August 2026 rate ladder, one-year minimum tenure and no NRI senior-citizen rate addition.

First-party checked2 bank sourcesReviewed September 10, 2026
Current rate evidenceFor single deposits below ₹300 lakh effective 17 August 2026, the reviewed NRE schedule runs from 6.25% at 1 year to a 6.70% 48-month rate, with 6.40%–6.50% across surrounding bands.
Best fitFederal Bank NRI customers who want an INR NRE term deposit with a clearly published current tenure ladder.
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Federal BankFixed deposit

Federal Bank NRO Fixed Deposit

Federal Bank's NRO fixed deposit uses the bank's current resident/NRO term-deposit rate ladder while retaining NRO taxation and repatriation treatment.

First-party checked2 bank sourcesReviewed September 10, 2026
Current rate evidenceFederal states resident term-deposit rates are also applicable to NRO Fixed Deposits; the reviewed schedule effective 17 August 2026 reaches 6.70% at 48 months for the general/NRO rate.
Best fitFederal Bank NRI customers who want to term-deposit Indian-source rupee funds with access to the bank’s ordinary callable deposit ladder.
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State Bank of IndiaFixed deposit

SBI Domestic Bulk Term Deposit ₹3 Crore+

SBI's ₹3 crore-and-above domestic bulk deposit with a dated rate table that explicitly shows revised August 2026 rates beside the previous May 2026 schedule.

First-party checked2 bank sourcesReviewed September 9, 2026
Current rate evidenceRevised public rates effective 15 August 2026 range from 4.25% for 7–14 days to 6.25% for 1 year to under 2 years; eligible senior-citizen bulk rates in the same table range from 4.75% to 6.75%.
Best fitBusinesses, institutions and high-value depositors comparing large SBI term deposits where deposit band and effective date materially change the rate.
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Move across tenures

Check whether the ordering changes at another maturity.

A bank that leads at one year may not lead at three or five years. Use the exact tenure you intend to book.

1-Year Fixed DepositCompare the 1 year anchor3-Year Fixed DepositCompare the 3 years anchor5-Year Fixed DepositCompare the 5 years anchorDeposit rate finderSwitch tenure, product type and customer category interactivelyRate historySee preserved effective-date changes where available