Highest 1-year FD rate: Maturity on Rs 1L deposit. Highest 1 year FD interest rates: Investors seeking stability may consider fixed deposits due to their guaranteed returns. Current interest rates for one-year fixed deposits vary significantly among different banks. Small Finance Banks like Suryoday and Ujjivan offer the highest rates at 7.25%. Private sector banks like SBM Bank and Bandhan Bank follow closely with competitive interest rates.