Most people prefer Fixed Deposits (FD) for investing money. FDs are considered a relatively safe investment in banks. To attract customers, banks keep changing the interest rates on FDs from time to time.
Many banks are offering attractive interest rates on Fixed Deposits. The interest on FDs also depends on the tenure of the FD. Here we are telling you about some such banks which are offering attractive interest on FDs.
FD rates of small finance banks: Small finance banks are similar to other commercial banks, but their business activities are limited compared to them.
Northeast Small Finance Bank : 9.00% interest rate for a period of 546 days to 1111 days.
Unity Small Finance Bank : 9.00% interest rate for a period of 1001 days.
Suryoday Small Finance Bank : 8.60% interest rate for FDs of 2 to 3 years.
Jana Small Finance Bank: 8.25% interest rate for FDs of 1 to 3 years.
Utkarsh Small Finance Bank : 8.50% interest rate for 2 to 3 years.
Equitas Small Finance Bank: 8.25% interest rate for 888 days.
Central Bank of India : Interest rate 7.50% for FD of 1111 or 3333 days.
Bank of Maharashtra: Interest rate 7.45% for 366 days.
Canara Bank: Interest rate 7.40% for tenure of 3 to 5 years.
Indian Bank: Interest rate 7.30% for tenure of 400 days.
Union Bank of India : Interest rate 7.30% for 456 days.
FD Rates of Private Sector Banks
Private sector banks offer relatively lower interest rates on FDs compared to small finance banks. But these banks are more trusted.
Bandhan Bank : 8.05% interest rate for a period of 1 year.
DCB Bank: 8.05% interest rate for 19 months to 20 months.
RBL Bank: 8.00% interest rate for 500 days.
Indusind Bank : 7.99% interest rate for a period of 1 year 5 months to less than 1 year 6 months.
IDFC First Bank: 7.90% interest rate for 400 to 500 days.
HDFC Bank: 7.40% interest rate for 4 years 7 months (55 months).
ICICI Bank: 7.25% interest rate for 15 months to 2 years.
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