FD Interest Rate: Fixed deposit is a good option for investment. In this, an amount is deposited in the bank at a fixed interest rate for a fixed period of time.
FD Interest Rate: Fixed deposits are a great way to invest and grow money. Small finance banks are at the forefront in terms of giving interest on them. Nowadays many small finance banks are giving higher interest on FDs than private and government banks, so it is becoming a favorite of investors.
North East Small Finance Bank is offering interest up to 9.00 percent per annum on fixed deposits with a period of 546 days to 1111 days. Unity Small Finance Bank is at second place in the list, which is giving interest at the rate of 9.00 percent per annum on fixed deposits of 1001 days.
According to the data given on Paisabazaar, there are at least 11 banks in the country at present, which are currently offering 8 percent or more interest on deposits. Information about these banks is being given here.
These small finance banks are at the forefront in terms of interest on FDs
Northeast Small Finance Bank: 9.00 percent interest on FDs of 546 days to 1111 days
Unity Small Finance Bank: 9.00 percent interest on FDs of 1001 days
Suryoday Small Finance Bank: 8.60 percent interest on fixed deposits of 2 years to 3 years
Jan Small Finance Bank: 8.25 percent interest on FDs of 1 year to 3 years
Utkarsh Small Finance Bank: 8.50 percent interest on FDs of 2 years to 3 years
Equitas Small Finance Bank: 8.25 percent on FDs of 888 days
Ujjivan Small Finance Bank: 8.25 percent on FDs of 12 months
Private sector banks are giving this much interest on FD
Bandhan Bank: 8.05 percent on 1 year FD
IDFC First Bank: 7.90 percent on FD of 400 to 500 days
RBL Bank: 8.00 percent on FD of 500 days
DCB Bank: 8.05 percent on FD of 19 months to 20 months
IndusInd Bank: 7.99 percent on FD of 1 year 5 months to less than 1 year 6 months
HDFC Bank: 7.40 percent for 4 years 7 months (55 months)
ICICI Bank: 7.25 percent for 15 months to 2 years
Interest rate of public sector banks on FD
Bank of Maharashtra: 7.45% for 366 days
Central Bank of India: 7.50% on FDs of 1111 or 3333 days
Bank of Baroda: 7.30% for 400 days – BOB Utsav
Bank of India: 7.30% for 400 days
Canara Bank: 7.40% on FDs of 3 years to 5 years
Indian Bank: 7.30% for 400 days – IND SUPER
Union Bank of India: 7.30% for 456 days
Interest on FD of foreign banks
Deutsche Bank: 8.00 percent for a period of 1 year to 3 years
HSBC Bank: 7.50 percent for 601 to 699 days
Standard Chartered Bank: 7.50 percent for 1 year to 375 days
Disclaimer: The information provided here is for information purposes only. It is important to note here that investing in the market is subject to market risks. Always seek expert advice before investing as an investor.
