Highest Bank FD Rates: Nowadays people consider investing in FD to be a very profitable deal to keep their money safe. In such a situation, if you also want to invest in FD, then let us tell you about those 10 banks which are offering the highest rates. More interest.
If you are fed up with the huge ups and downs in the stock market, then you can invest your money in bank FD. Many banks are offering good returns at this time. Some small finance banks are even offering 9 percent and above returns (FD Interest Rate) . Small Finance Bank is offering the highest interest rates among all the bank categories .
If we talk about private sector, DCB Bank is offering the highest FD rates. At the same time, among government banks, Punjab and Sindh Bank is giving the highest returns on FD. Senior citizens generally get an additional interest rate of 0.50% or more over the normal FD rates. Let us know about some such banks which are offering very good FD interest rates.
Unity Small Finance Bank
For general customers, this bank is offering interest rates between 4.5% to 9% on FDs maturing in seven days to ten years. Senior citizens are getting interest rates ranging from 4.5% to 9.5% on FDs maturing in seven days to ten years. The new rates are applicable from 9 October 2023. The highest interest rate of 9% is being offered on FDs with a tenure of 1001 days.
Suryoday Small Finance Bank
Suryoday Small Finance Bank offers interest rates between 4% to 8.6% to general customers on FDs maturing in seven days to ten years. Senior citizens will get interest rates ranging from 4.5% to 9.1% on deposits maturing in seven days to ten years. The highest interest rate of 8.60% is being given for FDs of more than 2 years to 3 years. These rates are applicable from 7 August 2023.
DCB Bank
DCB Bank is offering interest rates on FD ranging from 3.75% to 7.9% to general customers and 4.25% to 8.50% to senior citizens. These rates are effective from 27 September 2023.
RBL Bank
This bank is offering interest rates of 3.50% to 7.80% on FD to general customers. Whereas senior citizens are getting interest rates between 4% to 8.30%. These rates are effective from 16 October 2023.
IDFC First Bank
IDFC First Bank is offering interest rates between 3.50% to 7.75% on FD for general customers. On the other hand, the bank is offering interest rates of 4 to 8.25% for senior citizens. The highest interest rate of 7.75% is being offered on deposits maturing in 549 days to two years.
Punjab & Sind Bank
Common customers are getting interest rates ranging from 2.8% to 7.40%. The highest interest rate is being offered on fixed deposits maturing in 444 days. These rates are effective from October 1, 2023.
State Bank of India
The country’s largest public sector bank is offering interest rates between 3% to 7.10% for general customers. The interest rate for senior citizens ranges between 3.5% to 7.6%. These rates were last revised on February 15, 2023.
ICICI Bank
The private sector lender offers interest rates on FDs ranging between 3% to 7.1% for all customers. On the other hand, senior citizens are getting interest rates ranging from 3.50% to 7.65% on FDs of different tenures.
HDFC Bank
HDFC Bank is offering interest rates on FD ranging from 3% to 7.20% for different tenures. On the other hand, senior citizens are getting interest rates between 3.5% to 7.75%. These rates are applicable from 1 October 2023.
