Here are the banks with the best FD rates in India in May 2023:

Bank	Tenure	Interest Rate (per annum)
Suryoday Small Finance Bank	3 years	7.75%
DCB Bank	3 years	7.50%
Kotak Mahindra Bank	3 years	7.20%
Federal Bank	3 years	7.10%
IndusInd Bank	3 years	7.00%

Senior citizens (above 60 years of age) are eligible for an additional interest of 0.50% per annum.

These are just a few of the banks offering FDs in India. You can compare interest rates and other features of different banks before making a decision.

Here are some factors to consider when choosing a bank for your FD:

• Interest rate: The interest rate is the most important factor to consider when choosing a bank for your FD. Make sure to compare interest rates from different banks before making a decision.
• Tenure: The tenure of your FD will determine how much interest you earn. You can choose a tenure from 7 days to 10 years.
• Liquidity: FDs are a very liquid investment, which means that you can easily redeem them before maturity. However, there may be a penalty for early redemption.
• Other features: Some banks offer additional features with their FDs, such as the option to earn extra interest if you link your FD to a savings account or if you make a lump-sum deposit.

It is important to compare all of these factors before choosing a bank for your FD.