Fixed Deposit Interest Rates in Nagpur (2026)

Nagpur, often known as the Orange City of India, is home to working professionals, entrepreneurs, and families looking for secure ways to grow their savings. While equity and mutual fund investments have gained popularity, fixed deposits remain one of the most preferred investment options. With several banks now offering FD rates above 8% p.a. in 2026, investors in Nagpur have more opportunities to earn better returns on their idle funds. 

Read on to explore the best FD rates available in Nagpur.

Best FD Rates in Nagpur

Many investors continue renewing fixed deposits with their existing banks without checking whether better rates are available elsewhere. However, a small difference in interest rates can significantly impact returns over the long term. Table below highlights some of the best FD interest rates offered by banks to general citizens-

Before investing in a fixed deposit, use an FD calculator to estimate maturity value, interest earned, and monthly payout options based on the selected tenure and deposit amount.  You can use the fixed deposit calculator below to estimate returns on your investment.

Nagpur-Based Co-operative Banks FD Rates

Co-operative banks continue to play an important role in Maharashtra's banking ecosystem. Several co-operative banks operating in and around Nagpur offer competitive fixed deposit rates, making them worth considering for investors looking to diversify their deposits. Deposits up to ₹5 lakh per depositor per bank remain protected under DICGC insurance.

Best FD Rates for Senior Citizens in Nagpur

Senior citizens often receive higher FD rates than regular investors. These additional returns can help retirees generate better monthly income and improve the growth of their retirement corpus. Even the slightest increase in interest rates can have a noticeable impact over longer investment periods. The table below highlights the best fd rates offered to senior citizens in Nagpur.

Tax on FD Interest in Nagpur

The taxation rules for fixed deposits are the same across India, including Nagpur. Interest earned from FDs is added to the investor's total taxable income and taxed according to the applicable income tax slab.

How to Open an FD in Nagpur Through Stable Money?

Opening a fixed deposit through Stable Money is simple, secure, and completely digital. Investors can compare FD rates from multiple banks, select the most suitable option and complete the investment process online.

• Download the Stable Money app.
• Register using your Aadhaar-linked mobile number.
• Compare FD options across multiple banks and NBFCs.
• Select the bank where you want to invest.
• Choose the tenure and payout option.
• Enter the investment amount.
• Complete PAN and Aadhaar verification.
• Add nominee details and complete Video KYC.
• Transfer funds and confirm the booking.
• Receive the FD receipt via Email and WhatsApp.

Investors can view and track their fixed deposit anytime through the Stable Money app passbook.