Best FD Plus Schemes in India

Fixed Deposit (FD) Plus is a one-time investment plan that provides higher returns at maturity than a regular fixed deposit. This fixed deposit plan enables you to create a custom deposit scheme by selecting a convenient tenure and deposit option based on your financial needs.

Updated On - 05 Sep 2025

Axis Bank FD Plus Scheme  

Axis Bank's Fixed Deposit Plus offers a higher return rate than standard fixed deposits. This scheme is offered to both NRI and domestic customers. The interest rate is provided in simple or compounding form. You can open a Fixed Deposit Plus account with a minimum deposit amount of Rs.2 crore.  

Features and Benefits: 

  1. Flexible tenure options ranging from 7 days to 10 years.  
  2. You can select between simple interest and compound interest. 
  3. Both single and joint investors can open this type of FD account.  
  1. Three types of deposits are offered: Short Term Deposits, Reinvestment Deposit, and Monthly and Quarterly Payout.  

Interest Rates for Domestic Fixed Deposit Plus

Tenure   

 Rs.2 crore to Rs.5 crore   

 Above Rs.5 crore   

30 days to 45 days   

5.50%   

5.50% to 5.75% 

46 days to 60 days   

5.75%   

5.75%   

61 days < 3 months   

6.00%   

6.00% to 7.40% 

3 months – 3 months 24 days   

6.75%   

7.00% to 7.30% 

3 months 25 days < 4 months  

6.75%   

7.00% to 7.30%  

4 months < 5 months 

7.00% 

7.10% to 7.35% 

5 months < 6 months   

7.00%   

7.10% to 7.35%  

6 months < 7 months   

7.00%  

7.25% to 7.50%   

7 months < 8 months   

7.00%   

7.25% to 7.50% 

8 months < 9 months   

7.00%  

7.25% to 7.50% 

9 months < 10 months   

7.25%   

7.40% to 7.60%   

10 months < 11 months   

7.25%   

7.40% to 7.60% 

11 months to 11 months 24 days   

7.25%   

7.40% to 7.60%   

11 months 25 days < 1 year   

7.25%   

7.40% to 7.60%   

1 year to 1 year 4 days   

7.55%   

7.55% to 7.82% 

 To 7.81 year 5 days to 1 year 10 days   

7.55%   

7.55% to 7.82% 

1 year 11 days to 1 year 24 days   

7.55%   

7.55% to 7.65% 

1 year 25 days < 13 months   

7.50%   

7.55% to 7.65% 

13 months < 14 months   

7.50%   

7.50% to 7.60% 

14 months < 15 months   

7.50%   

7.50% to 7.60% 

15 months < 16 months   

7.45%   

7.45% 

16 months < 17 months   

7.45%   

7.45% 

17 months < 18 months   

7.45%   

7.45% 

18 Months < 2 years   

7.45%   

7.45% 

2 years < 30 months   

7.20%   

7.20% 

30 months < 3 years   

7.20%   

7.20% 

3 years < 5 years   

7.20%   

7.20% 

5 years to 10 years   

7.20%   

7.20% 

Note: The interest rates mentioned in the table above can vary according to the bank's discretion. These rates are effective from 18 January 2025.

Interest Rates for NRE Deposits  

 Tenure  

 Rs.2 crore to Rs.5 crore  

 Above Rs.5 crore   

1 year to 1 year 4 days  

6.70% to 7.30%  

7.40% to 7.62% 

1 year 5 days to 1 year 10 days  

6.70% to 7.30% 

7.40% to 7.62% 

1 year 11 days to 1 year 24 days  

6.70% to 7.30%  

7.30% to 7.40% 

1 year 25 days < 13 months  

6.70% to 7.25%  

7.25% to 7.40% 

13 months < 14 months  

6.70% to 7.25%  

7.25% to 7.30% 

14 months < 15 months  

6.70% to 7.25%  

7.25% to 7.30% 

15 months < 16 months  

7.05% to 7.25%  

7.25% to 7.20% 

16 months < 17 months  

7.05% to 7.25% 

7.25% to 7.20% 

17 months < 18 months  

7.05% to 7.25%  

7.25% to 7.20% 

18 Months < 2 years  

7.05% to 7.25%  

7.25% to 7.20% 

2 years < 30 months  

7.00% to 7.10%  

7.00%  

30 months < 3 years  

7.00% to 7.10% 

7.00%  

3 years < 5 years  

7.00% to 7.10% 

7.00%  

5 years to 10 years  

7.00%  

7.00%  

 Note: The interest rates mentioned in the table above can vary according to the bank's discretion. These rates for FDs less than Rs.5 crore and for FDs Rs.5 crore and above the rates are effective from 18 January 2025

Utkarsh Small Finance Bank Fixed Deposit Plus

Utkarsh Small Finance Bank Fixed Deposit Plus is a one-time investment plan through which you can earn competitive returns. This type of deposit offers higher returns than a regular fixed deposit. 

Features and Benefits: 

  1. The minimum deposit amount is more than Rs.15 lakh and the maximum deposit amount is less than Rs.2 crore.  
  1. Flexible tenure options ranging from 7 days to 10 years.  
  2. Higher interest rates when compared to a regular fixed deposit. 
  3. Senior citizens are offered additional interest rates.  
  4. Interest is paid monthly, quarterly, and at maturity.  

Interest Rates: 

Tenure   

General Public Interest Rates p.a.   

Senior Citizen Interest Rates p.a.   

7 days – 45 days   

4.00%   

4.60%  

46 days – 90 days   

4.75%  

5.35%  

91 days – 180 days   

5.50%  

6.10%  

181 days – 364 days   

6.50%  

7.10%  

365 days – 699 days   

8.25%  

8.85%  

700 Days to less than two years  

8.50%  

9.10%  

Two years to three years  

8.75%   

9.35%  

Above three Years to less than four Years  

8.50%   

9.10%  

4 Years (1461 Days) up to 1499 Days 

8.00% 

8.60% 

1500 Days 

8.75% 

9.35% 

1501 Days up to 5 Years (1826 Days) 

8.00% 

8.60% 

Above five years up to ten years  

7.50%  

8.10%  

  Note: The interest rates mentioned in the table above can vary according to the bank's discretion. These rates are effective from 7June 2024.  

Jana Small Finance Bank FD Plus

The FD Plus scheme offered by Jana Small Finance Bank enables you to earn higher interest rates than a regular fixed deposit. You can book this deposit account for tenures ranging from 7 days to 10 years. 

Features and Benefits: 

  1. The minimum deposit amount for FD Plus is more than Rs.15 lakh.  
  1. Flexible tenure options ranging from 7 days to 10 years. 
  2. Interest is paid on a monthly, quarterly, half-yearly, and yearly basis.  
  3. Avail higher interest rates than a regular fixed deposit. 

Interest Rates: 

Tenure   

Less than Rs.3 crore   

Above Rs.3 crore to Rs.5 crore  

7 days to 14 days    

3.10%  

3.05%  

15 days to 30 days   

4.35%  

4.30%  

31 days to 45 days 

4.35% 

4.30% 

46 days to 60 days 

4.35% 

4.30% 

61 days to 90 days   

5.10%  

5.05%  

91 days to 180 days   

6.60%  

6.30%  

181 days to 364 days   

8.10%  

7.05%  

1 year   

8.35%  

7.30%  

More than 1 year to 2 years   

8.45%  

8.05%  

More than 2 years to 3 years   

8.35%  

8.05%  

More than 3 years to less than 5 years   

7.35%  

7.30%  

More than 5 years to 10 years   

6.60%   

6.30%  

Note: The interest rates mentioned in the table above can vary according to the bank's discretion. These rates are effective from 18 January 2025.

FAQs on FD Plus Scheme

  • What is FD Plus?

    Fixed Deposit (FD) Plus is a one-time investment plan that provides higher returns at maturity when compared to a regular fixed deposit. With this deposit plan, you can create a custom deposit scheme by selecting a convenient tenure and deposit option based on your financial needs. 

  • Can I choose the method of interest calculation for Axis Bank Fixed Deposit Plus?

    Yes, you can select between simple interest and compound interest options.

  • Is there an auto-renewal facility available for Axis Bank Fixed Deposit Plus?

      No, the facility of auto-renewal is not available for Axis Bank Fixed Deposit Plus.  

  • What are the tenures offered on the IndusInd Bank Deposit Plus Account?

      The tenures offered on the IndusInd Bank Deposit Plus Account range from 7 days to 120 months. 

  • Can a minor open an IndusInd Bank Deposit Plus Account?

      No, minors are not eligible to open an IndusInd Bank Deposit Plus Account.  

  • Does Fixed Deposit Plus offered by Utkarsh Small Finance Bank come with a premature withdrawal facility?

      No, the facility of premature withdrawal is not available on Fixed Deposit Plus.  

  • What is the maximum amount I can invest in Utkarsh Small Finance Bank’s Fixed Deposit Plus?

      The maximum investment amount in Fixed Deposit Plus must be less than Rs.2 crore.  

  • Can I book an FD Plus account with Jana Small Finance Bank online?

      Yes, you can book an FD Plus account with Jana Small Finance Bank online as well as offline.  

  • What is the minimum deposit amount to open an FD Plus account with Jana Small Finance Bank?

    The minimum deposit amount to open an FD Plus account with Jana Small Finance Bank is above Rs.15 lakh.  

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