Fixed Deposits: People in the country like to invest their money in Fixed Deposit (FD). Fixed Deposit i.e. FD is seen as a safe investment option. Let us tell you that people who want to avoid the risk of stock market and want a fixed return, they often invest their money in FD. Many banks offer good interest rates to investors on FD. Generally, every bank gives more interest to senior citizens than the common people.
If you too have been thinking of making a Fixed Deposit (FD) for quite some time, then Small Finance Banks can be a good option for you. These banks are currently offering the highest returns on FD. Most small finance banks are giving higher returns than private and government banks. Due to which it has become a popular option among risk-averse investors. If you are looking for better returns on FD, then you can check the FD list of these banks. Let us know according to Paisabazaar which bank is giving how much return on FD.
Interest rates of public sector banks of the country
The interest rates of public sector banks of India are different for common people and senior citizens. Bank of Baroda offers 7.30% interest to general public and 7.8% interest to senior citizens on fixed deposits (FD) up to 400 days (BOB Utsav). State Bank of India gives 7.25% interest to common people and 7.75% interest to senior citizens on FD up to 444 days (Amrit Vrishti). Bank of India gives 7.30% interest to common people and 7.8% interest to senior citizens on FD up to 400 days. Bank of Maharashtra gives 7.45% interest to common people and 7.95% interest to senior citizens on FD of up to 366 days.
Whereas Canara Bank gives 7.40% interest to common people and 7.9% interest to senior citizens on FD of 3 to 5 years. Central Bank of India gives 7.50% interest to common people and 8% interest to senior citizens on FDs of up to 1111 and 3333 days. Union Bank of India gives 7.30% interest to common people and 7.8% interest to senior citizens on FD of up to 456 days.
Small Finance Bank Fixed Deposit (FD) rates
The interest rates of various small finance banks in India are different for common people and senior citizens. AU Small Finance Bank offers 8% interest to general public and 8.5% interest to senior citizens on 18 month fixed deposit (FD). Equitas Small Finance Bank offers 8.25% interest to common people and 9% interest to senior citizens on FD of 888 days. ESAF Small Finance Bank offers 8.25% interest to general public and 8.75% interest to senior citizens on FDs of 2 years to less than 3 years.
Whereas Jana Small Finance Bank gives 8.25% interest on FD of 1 year to 3 years and 8.75% interest to senior citizens. NorthEast Small Finance Bank offers 9% interest to common people and 9.5% interest to senior citizens on FD of 546 to 1111 days. Suryoday Small Finance Bank gives 8.6% interest to common people and 9.1% interest to senior citizens on FD of 2 to 3 years.
Interest rates of main private banks of the country
The interest rates on FD of different private banks of India are different for common people and senior citizens. Axis Bank offers 7.25% interest to general public and 7.75% interest to senior citizens on fixed deposits (FD) of 15 months to 2 years. Bandhan Bank offers 8.05% interest to general public and 8.55% interest to senior citizens on 1 year fixed deposit (FD). City Union Bank gives 7.5% interest to common people and 8% interest to senior citizens on Fixed Deposit (FD) for 333 days and Federal Bank for 444 days. HDFC Bank gives 7.4% interest to common people and 7.9% interest to senior citizens on FD up to 55 months.
ICICI Bank offers 7.25% interest to general public and 7.8% interest to senior citizens on fixed deposits of 15 months to 2 years. IDFC First Bank gives 7.9% interest to common people and 8.4% interest to senior citizens on FD of 400 to 500 days. IndusInd Bank gives 7.99% interest to common people and 8.49% interest to senior citizens on FD from 1 year 5 months to 1 year 6 months. Whereas RBL Bank gives 8% interest on FD up to 500 days and 8.5% interest to senior citizens. YES Bank gives 7.75% interest to common people and 8.25% interest to senior citizens on FD of 18 months to 24 months.
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