Fixed Deposit Interest Rates in Ludhiana (2026)

Ludhiana investors can choose from a wide range of fixed deposit options offered by small finance banks, private banks, and public sector banks. Several banks are currently offering FD interest rates above 8% p.a.. Continue reading to compare the latest FD rates in Ludhiana for general and senior citizens, helping you find the best option based on tenure.

Best FD Rates in Ludhiana

Whether you are investing for short-term goals or long-term wealth creation, comparing FD rates across multiple banks can help maximise returns. The table below highlights some of the best fixed deposit interest rates in Ludhiana, along with preferred tenures and estimated monthly payouts on a ₹10 lakh deposits.

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You can calculate returns from your fixed deposits in Ludhiana with an FD calculator. Use the FD calculator below to estimate your maturity amount, total interest earned based on your investment amount, tenure, and interest rate.

Best FD Rates for Senior Citizens in Ludhiana

Senior citizens can earn additional interest benefits on fixed deposits, typically ranging from 0.25% to 0.75% above standard FD rates. The table below compares the highest FD rates for senior citizens in Ludhiana across various banks along with estimated monthly payouts on a ₹10 lakh deposit.

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Tax on FD Interest in Ludhiana

The taxation of fixed deposit interest in Ludhiana is governed by the same rules applicable across India. Interest earned from FDs is added to your taxable income and taxed according to your applicable income tax slab.

Banks may deduct TDS if the interest earned exceeds the prescribed threshold during a financial year. Eligible individuals can submit Form 15G or Form 15H, subject to applicable conditions, to avoid TDS deductions if their taxable income falls below the exemption limit.

How to Open an FD in Ludhiana Through Stable Money?

Stable Money allows investors to compare FD rates across multiple banks and open fixed deposits online without visiting a branch. The platform offers access to various FD options including monthly payout and senior citizen rates through a paperless process. Follow the steps mentioned below to Open an FD on Stable Money App:

• Download the Stable Money app.
• Register using your mobile number.
• Browse and compare FD options across banks and NBFCs.
• Select the FD that matches your investment goals.
• Enter the investment amount and tenure.
• Complete Aadhaar and PAN verification.
• Add nominee details.
• Link your bank account.
• Complete Video KYC, if required.
• Make the payment and receive your FD confirmation.