Fixed Deposit Interest Rates in Bhubaneswar (2026)

Bhubaneswar investors looking for safe, predictable returns will find fixed deposits among the most dependable options available. FD rates in Bhubaneswar currently go up to 8.11% p.a. for general citizens and 8.30% p.a. for senior citizens. With a growing number of banks active in Odisha's capital, comparing best FD rates in Bhubaneshwar before investing can make a meaningful difference to your final returns.

Best FD Rates in Bhubaneswar

Residents across Bhubaneswar have access to a wide range of FD schemes. The table below lists the best fixed deposit interest rates in Bhubaneswar across leading banks and small finance banks, along with an estimated monthly payout on a ₹10 lakh deposit.

Use an FD calculator to estimate your exact maturity amount on your fixed deposit in bhubaneswar based on your deposit amount, chosen tenure, and applicable interest rate.

Best FD Rates for Senior Citizens in Bhubaneswar

Senior citizens typically receive a higher rate of interest on fixed deposits which is usually 0.25% to 0.50% above the standard rate making FDs useful for post-retirement financial planning. The best senior citizen FD rates in Bhubaneswar currently go up to 8.30% p.a., as shown below:

Tax on FD Interest in Bhubaneswar

Tax rules on FD interest income apply uniformly across all Indian cities and states. There is no separate or special tax treatment for FD investors in Bhubaneswar compared to those in any other part of the country.

Interest earned on fixed deposits is added to your total annual income and taxed according to the income tax slab that applies to you. If your total FD interest crosses ₹50,000 in a financial year (₹1,00,000 for senior citizens), the bank deducts TDS at 10% provided your PAN is registered. Without a valid PAN, the TDS rate goes up to 20%.

If your income is below the taxable limit, you can avoid TDS deduction by submitting Form 15G (for general citizens) or Form 15H (for senior citizens) at the start of the financial year.

How to Open an FD in Bhubaneswar Through Stable Money?

Stable Money makes it easy to compare and invest in fixed deposits from Bhubaneswar without visiting a bank branch. You can view rates from multiple banks side by side, filter by tenure and payout preference, and complete your investment entirely online. Here's how to book an FD on the Stable Money App:

• Download and install the Stable Money App from the Play Store or App Store.
• Register using the mobile number linked to your Aadhaar Card.
• On the homepage, browse FD options from various banks and NBFCs.
• Compare rates, tenures, and monthly payout options to find the best fit.
• Select the bank FD you wish to invest in and choose your preferred tenure.
• Tap Invest Now and enter your investment amount, then tap Continue.
• Enter your Aadhaar and PAN details on the next screen.
• Add a nominee and review all the details provided.
• Link your bank account for future withdrawals.
• Complete a one-time Video KYC (VKYC) verification.
• Make your payment to confirm the booking.

Once your FD is booked, you'll receive a confirmation receipt on your registered mobile number, email ID, and WhatsApp. You can also access your FD receipt anytime through the Passbook section of the app, which includes details like your FDR number and customer ID.