Fixed Deposit Interest Rates in Raipur (2026)

Raipur, the capital of Chhattisgarh, has seen growing interest among savers looking for stable, guaranteed returns on their investments. Fixed deposits remain one of the most preferred options here, offering predictable income without market risk. Banks are currently paying up to 8.11% p.a. for general citizens and up to 8.50% p.a. for senior citizens. Continue reading to compare the latest fixed deposit interest rates in Raipur across banks.

Best FD Rates in Raipur

Small finance banks consistently lead with higher rates compared to large commercial banks. Raipur residents willing to invest in these banks can earn significantly more interest on the same principal. Here is a comparison of the best FD rates available to general citizens in Raipur:

You can use an FD calculator to quickly find out how much your investment will grow based on the rate, tenure, and deposit amount.

Best FD Rates for Senior Citizens in Raipur

Senior citizens in Raipur get an advantage with fixed deposits as most banks offer an extra 0.25% to 0.50% interest over standard rates. This additional return can make a meaningful difference on larger deposits, especially for retirees who depend on interest income for monthly expenses. Here are the best senior citizen FD rates available in Raipur:

Tax on FD Interest in Raipur

The tax rules for FD interest income are set at the national level and apply uniformly across all cities and states. It does not matter whether you open an FD in Raipur, Bhopal, or Hyderabad — the same Income Tax Act provisions govern how your interest earnings are taxed.

Interest earned on fixed deposits is added to your total income and taxed as per your applicable income tax slab. Banks are required to deduct TDS (Tax Deducted at Source) at 10% if your FD interest in a financial year exceeds ₹50,000 (₹1,00,000 for senior citizens). If your overall income is below the taxable limit, you can submit Form 15G (or Form 15H for senior citizens) to request that TDS not be deducted.

How to Open an FD in Raipur Through Stable Money?

Stable Money is a platform that lets you compare fixed deposit interest rates in Raipur across banks and book an FD directly from your phone without visiting a branch. Here's how to get started:

• Download and install the Stable Money App from the Play Store or App Store.
• Register using your mobile number linked to your Aadhaar Card.
• On the homepage, browse FD options from multiple banks and NBFCs.
• Filter and compare FDs by tenure, interest rate, and senior citizen benefits.
• Select the bank FD you want to invest in.
• Choose your preferred tenure.
• Tap on Invest Now.
• Enter the investment amount and tap Continue.
• Provide your Aadhaar and PAN card details.
• Add a nominee and verify all the information entered.
• Link your bank account for future withdrawals.
• Complete a one-time VKYC (Video KYC) verification.
• Make the payment to complete the booking.

Once your FD is successfully booked, you will receive a confirmation and FD receipt on your registered mobile number, email ID, and WhatsApp. You can also access the receipt anytime through the Passbook section in the App. The receipt includes key details such as the FDR number, customer ID, interest rate, tenure, and maturity amount.