FD Rates: With the beginning of the new year, the time is right to invest in Fixed Deposit (FD). Reserve Bank of India (RBI) may cut interest rates in the year 2025. However, banks are currently offering attractive interest rates on FD. Small financial banks, private banks, public sector banks and foreign banks are offering interest in their respective categories. Here is information about FD with maximum interest.
Interest rates on FD of small financial banks of the country
Northeast Small Finance Bank: 9.00% (546 to 1111 days)
Unity Small Finance Bank: 9.00% (1001 days)
Jana Small Finance Bank: 8.25% (1 to 3 years)
Equitas Small Finance Bank: 8.25% (888 days)
Suryoday Small Finance Bank: 8.60% (2-3 years)
AU Small Finance Bank: 8.00% (18 months)
Ujjivan Small Finance Bank: 8.25% (12 months)
Utkarsh Small Finance Bank: 8.50% (2-3 years; 1500 days)
ESAF Small Finance Bank: 8.25% (2-3 years)
Interest rate on FD of private banks
Bandhan Bank: 8.05% (1 year)
DCB Bank: 8.05% (19-20 months)
RBL Bank: 8.00% (500 days)
IDFC First Bank: 7.90% (400-500 days)
IndusInd Bank: 7.99% (1 year 5 months)
HDFC Bank: 7.40% (55 months)
ICICI Bank: 7.25% (15 months-2 years)
Interest on FD of public sector banks
Bank of Maharashtra: 7.35% (333 days)
Bank of India: 7.30% (400 days)
Bank of Baroda: 7.30% (400 days)
Canara Bank: 7.40% (3-5 years)
Indian Bank: 7.30% (400 days – IND SUPER)
SBI: 7.25% (444 days – Amrit Vrishti)
PNB: 7.25% (400 days)
Foreign banks are offering so much interest on FD
Deutsche Bank: 8.00% (1-3 years)
HSBC Bank: 7.50% (601-699 days)
Standard Chartered Bank: 7.50% (1 year-375 days)
Maximum interest is available on long period FDs but lack of liquidity is definitely a limitation. Investors can get better returns by adopting short and long term FD options. You can earn maximum interest by investing in FD soon because if RBI reduces the repo rate in the year 2025, then the interest received on FD may reduce.
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