FD Interest Rates: View the full list of banks offering the highest FD interest rates here

 FD Interest Rates: View the full list of banks offering the highest FD interest rates here

Interest rates on FDs: An FD is a kind of arrangement where there is no chance of financial loss. Additionally, refunds are offered in lump amount at the same time. In this case, you should check bank interest rates prior to taking any cash out of an FD.

This information is relevant to you if you also want to invest in bank funds. We will discuss which banks are offering the greatest interest on bank FDs in this article. Small financing banks, public banks, and private banks are all covered in this.

Which banks are offering the best rates on savings accounts?

Small Finance Bank of Unity

Common investors may get interest rates ranging from 4.5 percent to 9 percent from Unity Small Finance Bank. In addition, the bank offers elderly people interest rates ranging from 4.5 percent to 9.5 percent. The bank offers the maximum interest rate on FDs of 1001 days, which is 9.5 percent interest to senior investors as well as as well as 9% interest to ordinary investors.

Bank Sarvodaya Small Finance

Interest rates from 4 to 8.6 percent for general investors and 4.5 to 9.1 percent for senior persons are being offered by Sarvodaya Small Finance Bank. For FDs with a duration of more than two years but less than three years, banks are giving the highest interest rates, which are 8.6% for general investors and 9.1% for senior investors.

Bank DCB

The private sector DCB Bank offers interest rates to common investors that range from 3.75 percent to 7.9 percent. Interest rates for senior folks range from 4.25 percent to 8.50 percent. September 27, 2023 is the day on which these tariffs went into force.

Bank of India State

Additionally, SBI, the biggest bank in the nation, is enticing FD investors with interest rates. For term deposits spanning from seven days to ten years, SBI offers interest rates to regular investors that range from 3.00 percent to 7.10 percent. Senior investors' stake in the bank varies from 3.5 percent to 7.6 percent at the same time.

Bank HDFC

Common investors may get interest rates ranging from 3 percent to 7.20 percent from HDFC Bank. Seniors who make bank deposits get interest rates ranging from 3.5 percent to 7.75 percent. On October 1, 2023, HDFC went into effect with the increased interest rates.

Axis Bank

Investors may get interest rates ranging from 3 percent to 7.1 percent from the private sector ICICI Bank. In contrast, it varies from 3.50 percent to 7.65 percent for older folks. The recent FD interest rate adjustment by ICICI Bank was on October 16.