FD Rates: These banks are offering 9% interest on Fixed Deposit, check bank list

Fixed deposit rates are directly affected by the change in repo rate. Small finance, private, public, and foreign banks hike fixed deposit rates up to 9% annually, providing lucrative options for save

Fixed deposit rates: In August 2024, following the Reserve Bank of India’s Monetary Policy Committee (MPC) meeting, some banks revised their fixed deposit (FD) interest rates to attract more customers. With the repo rate staying at 6.5 per cent, banks are offering competitive rates, particularly for senior citizens.

This shift presents a good opportunity for savers to maximise their returns on fixed deposits. Here’s a summary of the latest FD interest rates from various banks.

Small Finance Banks

1. Unity Small Finance Bank is offering fixed deposit interest rates between 7.85 per cent and 9 per cent per annum, with tenures ranging from 1 year to 5 years.
2. NorthEast Small Finance Bank is offering fixed deposit interest rates between 6.25 per cent and 9.00 per cent per annum, with tenures ranging from 1 year to 5 years.
3. Suryoday Small Finance Bank is offering fixed deposit interest rates between 6.85 per cent and 8.65 per cent per annum, with tenures ranging from 1 year to 5 years.
4. Utkarsh Small Finance Bank is offering fixed deposit interest rates between 7.75 per cent and 8.50 per cent per annum, with tenures ranging from 1 year to 5 years.
5. Equitas Small Finance Bank is offering fixed deposit interest rates between 7.25 per cent and 8.50 per cent per annum, with tenures ranging from 1 year to 5 years.
6. AU Small Finance Bank is offering fixed deposit interest rates between 7.25 per cent and 8.00 per cent per annum, with tenures ranging from 1 year to 5 years.