Fixed Deposit Interest Rates in Amritsar (2026)

Amritsar is one of Punjab's most economically active cities, home to a large base of traders, small business owners, and salaried professionals, many of whom prefer fixed deposits as a reliable savings tool. Banks are currently offering returns of up to 8.10% p.a. for general investors and up to 8.50% p.a. for senior citizens. Continue reading to compare the fixed deposit rates available in Amritsar across banks.

Best FD Rates in Amritsar

Small finance banks continue to lead the rate charts in Amritsar, offering significantly higher returns than traditional public sector banks. The table below lists the top FD rates available to general citizens, along with the estimated monthly payout on a ₹10 lakh investment.

You can use an FD calculator to estimate your maturity amount and total interest earned based on your deposit amount, chosen tenure, and interest rate.

Best FD Rates for Senior Citizens in Amritsar

Senior citizens across Amritsar — whether retired government employees, former business owners, or homemakers — can earn a higher return on fixed deposits compared to general investors. Most banks offer an additional 0.25% to 0.50% interest rate benefit exclusively for senior citizens. The table below highlights the best senior citizen FD rates currently available.

Tax on FD Interest in Amritsar

Tax rules on FD interest income are the same for investors across every city and state in India, there is no special provision or exemption for residents of Amritsar. The interest you earn on a fixed deposit is added to your total annual income and taxed as per your applicable income tax slab. 

How to Open an FD in Amritsar Through Stable Money?

Stable Money makes it straightforward to compare and book fixed deposits across multiple banks all from your mobile, without visiting a branch. Residents of Amritsar can explore FD options from banks and NBFCs in one place, filter by tenure and payout preference, and complete the entire investment process digitally. Here is how to get started:

• Download and install the Stable Money App from the Google Play Store or Apple App Store.
• Register using your mobile number linked to your Aadhaar card.
• Browse available FD options from various banks and NBFCs on the homepage.
• Compare FDs based on interest rate, tenure, and payout frequency.
• Select the bank FD you wish to invest in.
• Choose your preferred tenure.
• Tap Invest Now and enter the amount you want to deposit.
• Click Continue and fill in 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 complete your FD booking.

Once your FD is successfully booked, you will receive a confirmation and FD receipt via SMS, email, and WhatsApp. The receipt, which includes your FDR number and customer ID, is also accessible anytime through the Passbook section of the app.