FD Interest Rate: Fixed deposits are a great way to invest and grow your money. Small finance banks are at the forefront in terms of giving interest on these. Nowadays, many small finance banks are giving higher interest on FD as compared to private and government banks, hence it is becoming a favorite of investors.
North East Small Finance Bank is offering interest up to 9.00% per annum on fixed deposits with tenures ranging from 546 days to 1111 days. Unity Small Finance Bank is at second place in the list, which is offering 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 which are currently offering 8 percent or more interest on deposits. Information about these banks is being given here.
This small finance bank is at the forefront in terms of interest on FD.
- Northeast Small Finance Bank: 9.00% interest on FD of 546 days to 1111 days
- Unity Small Finance Bank: 9.00% interest on FD of 1001 days
- Suryoday Small Finance Bank: 8.60 percent interest on fixed deposits with tenure of 2 years to 3 years
- Jana Small Finance Bank: 8.25% interest on FD of 1 year to 3 years
- Utkarsh Small Finance Bank: 8.50 percent interest on FD of 2 years to 3 years
- Equitas Small Finance Bank: 8.25% on FD of 888 days
- Ujjivan Small Finance Bank: 8.25 percent on 12 months FD
Private sector banks are giving so 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 500 days FD
- DCB Bank: 8.05 percent on FD of 19 months to 20 months
- IndusInd Bank: 7.99% 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 on FD of government banks
- Bank of Maharashtra: 7.45 percent for 366 days
- Central Bank of India: 7.50 percent on FD of 1111 or 3333 days
- Bank of Baroda: 7.30% for 400 days – Bob Utsav
- Bank of India: 7.30 percent for 400 days
- Canara Bank: 7.40 percent on FD of 3 years to 5 years
- Indian Bank: 7.30 percent for 400 days – IND SUPER
- Union Bank of India: 7.30% for 456 days
Interest on FD of foreign banks
- Deutsche Bank: 8.00% for tenure from 1 year to 3 years
- HSBC Bank: 7.50% for 601 to 699 days
- Standard Chartered Bank: 7.50% for 1 year to 375 days
Disclaimer: (The information provided here is being provided for information only. It is important to note here that investment in the market is subject to market risks. Always seek expert advice before investing money as an investor. ABPLive.com does not advise anyone It is never advisable to invest money here.)
Also read:
How to apply for personal loan with bad credit score? These tips are very useful
