Fixed Deposit Interest Rates in Visakhapatnam (2026)

Visakhapatnam, often called Vizag, is home to a growing base of working professionals, retirees, and business owners who prefer safe, guaranteed returns on their savings. Fixed deposits remain one of the most trusted investment choices in the city, and in 2026, FD interest rates in Visakhapatnam go as high as 8.10% p.a. for general citizens and 8.50% p.a. for senior citizens. Continue reading to compare the latest FD rates in Visakhapatnam to earn more from every rupee saved.

Best FD Rates in Visakhapatnam

Small finance banks are currently leading with some of the most attractive FD interest rates in Visakhapatnam. These banks are regulated by the RBI and offer DICGC insurance coverage, making them a reliable choice for depositors looking to earn higher returns. Below is a list of banks offering the best FD rates in Visakhapatnam in 2026.

You can calculate your expected maturity amount and total interest earned using an FD calculator. Simply enter your investment amount, preferred tenure, and the applicable interest rate to get an instant estimate.

Best FD Rates for Senior Citizens in Visakhapatnam

Senior citizens in Visakhapatnam can earn a higher return on their fixed deposits compared to general depositors. Most banks offer an additional 0.25% to 0.50% interest rate benefit exclusively for investors above 60 years of age. For retirees relying on FD interest as a steady monthly income, this extra rate can make a meaningful difference over the long term. Below are the best senior citizen FD rates in Visakhapatnam for 2026.

Tax on FD Interest in Visakhapatnam

The tax treatment of FD interest income is the same across all cities and states in India, including Visakhapatnam. There is no city-specific tax on FD earnings — the rules are set at the national level and apply uniformly to every depositor.

How to Open an FD in Visakhapatnam Through Stable Money?

Stable Money makes it easy to compare and book the best FD rates in Visakhapatnam without visiting multiple bank branches. You can browse interest rates from leading banks and small finance banks, compare tenures and payout options, and complete the entire investment process from your phone.

Here is how to open an FD in Visakhapatnam through the Stable Money app:

• Download the Stable Money App from the Google Play Store or Apple App Store.
• Register using your mobile number linked to your Aadhaar card.
• On the homepage, browse through FD options from various banks and NBFCs.
• Compare FDs based on interest rate, tenure, and monthly payout.
• Select the bank FD you want to invest in.
• Choose your preferred tenure.
• Click on Invest Now and enter your investment amount.
• Click Continue and provide your Aadhaar and PAN card details.
• Add a nominee and review all the information entered.
• Link your bank account for future withdrawals.
• Complete Video KYC (VKYC) for one-time identity verification.
• Make the payment to finalise your FD booking.

Once the FD is successfully booked, you will receive a confirmation and FD receipt on your registered mobile number, email ID, and WhatsApp. The receipt includes details such as your FDR number, customer ID, tenure, and maturity amount. You can also view and download the receipt anytime from the passbook section in the app.