The Reserve Bank of India (RBI) has recently cut the repo rate by 0.25%, and experts believe that banks will soon start lowering FD interest rates. If you want to lock in higher returns (8% to 9%), now is the time to invest in a Fixed Deposit (FD). Here’s a list of banks offering the best FD interest rates:
🔥 Highest FD Interest Rates (8% to 9%)
📌 Small Finance Banks (Highest FD Rates!)
✅ Unity Small Finance Bank – 9.00% (1001 days)
✅ Northeast Small Finance Bank – 9.00% (18 months 1 day – 36 months)
✅ Suryoday Small Finance Bank – 8.60% (5 years)
✅ Utkarsh Small Finance Bank – 8.50% (2-3 years; 1500 days)
✅ ESAF Small Finance Bank – 8.38% (888 days)
✅ Jan Small Finance Bank – 8.25% (1-3 years)
✅ Equitas Small Finance Bank – 8.25% (888 days)
✅ Ujjivan Small Finance Bank – 8.25% (12 months)
✅ AU Small Finance Bank – 8.10% (18 months)
👉 Best Choice? Unity & Northeast Small Finance Banks offer the highest returns at 9%!
📌 Private Sector Banks (Up to 8%)
✅ Bandhan Bank – 8.05% (1 year)
✅ RBL Bank – 8.00% (500 days)
✅ Yes Bank – 8.00% (18 months)
✅ IDFC First Bank – 7.90% (400-500 days)
✅ DBS Bank – 7.50% (376-540 days)
👉 If you prefer private banks, Bandhan Bank & RBL Bank offer the best rates!
📌 Foreign Banks (Up to 8%)
✅ Deutsche Bank – 8.00% (1-3 years)
✅ Standard Chartered Bank – 7.50% (1 year – 375 days)
✅ HSBC Bank – 7.50% (601-699 days)
👉 Looking for international banks? Deutsche Bank offers 8% FD returns!
📌 Public Sector Banks (Up to 7.5%)
✅ Central Bank of India – 7.50% (1111 days; 3333 days)
✅ Bank of Maharashtra – 7.45% (366 days)
✅ Punjab & Sind Bank – 7.45% (555 days)
✅ Canara Bank – 7.40% (3-5 years)
✅ Bank of India – 7.30% (400 days)
👉 Prefer government banks? Central Bank of India & Bank of Maharashtra offer the best rates!
🔍 Which FD Option is Best for You?
- Highest Return? ✅ Unity & Northeast Small Finance Bank (9%)
- Safer Option? ✅ Public Sector Banks (7.3% – 7.5%)
- Short-Term FD? ✅ Bandhan Bank & RBL Bank (8% for 1-1.5 years)
- Foreign Bank Option? ✅ Deutsche Bank (8% for 1-3 years)
