FD Rates: With the beginning of the new year, the time is right to invest in Fixed Deposit (FD). The Reserve Bank of India (RBI) may cut interest rates in the year 2025. However, banks are currently offering attractive interest rates on FD
FD Rates: With the beginning of the new year, the time is right to invest in Fixed Deposit (FD). The Reserve Bank of India (RBI) may cut interest rates in the year 2025. However, banks are currently offering attractive interest rates on FDs. Small financial banks, private banks, public sector banks and foreign banks are offering interest in their respective categories. Here is a list of FDs with the highest interest.
Interest rates on FDs of small financial banks of the country
- Northeast Small Finance Bank: 9.00% (546 to 1111 days)
- Unity Small Finance Bank: 9.00% (1001 days)
- Jana Small Finance Bank: 8.25% (1 to 3 years)
- Equitas Small Finance Bank: 8.25% (888 days)
- Suryoday Small Finance Bank: 8.60% (2-3 years)
- AU Small Finance Bank: 8.00% (18 months)
- Ujjivan Small Finance Bank: 8.25% (12 months)
- Utkarsh Small Finance Bank: 8.50% (2-3 years; 1500 days)
- ESAF Small Finance Bank: 8.25% (2-3 years)
Interest rate on FD of private banks
- Bandhan Bank: 8.05% (1 year)
- DCB Bank: 8.05% (19-20 months)
- RBL Bank: 8.00% (500 days)
- IDFC First Bank: 7.90% (400-500 days)
- IndusInd Bank: 7.99% (1 year 5 months)
- HDFC Bank: 7.40% (55 months)
- ICICI Bank: 7.25% (15 months-2 years)
Public Sector Banks’ FD Interest
- Bank of Maharashtra: 7.35% (333 days)
- Bank of India: 7.30% (400 days)
- Bank of Baroda: 7.30% (400 days)
- Canara Bank: 7.40% (3-5 years)
- Indian Bank: 7.30% (400 days – IND SUPER)
- SBI: 7.25% (444 days – Amrit Vrishti)
- PNB: 7.25% (400 days)
Foreign banks are offering this much interest on FD
- Deutsche Bank: 8.00% (1-3 years)
- HSBC Bank: 7.50% (601-699 days)
- Standard Chartered Bank: 7.50% (1 year-375 days)
Long term FDs are giving maximum interest but lack of liquidity is definitely a limitation. Investors can get better returns by opting for short and long term FDs. You can earn maximum interest by investing in FDs soon because if RBI reduces the repo rate in the year 2025, then the interest on FD may decrease.
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