Best FD Rates in India: These Banks Offer Up to 9% Interest, Beating SBI & PNB—Check Full List

Best FD Interest Rates: Fixed Deposits (FDs) are one of the most popular ways to save money in India. This investment is safe and offers good returns. Opening an FD account is also easy. In a Fixed Deposit, you deposit a lump sum amount in the bank for a fixed period. At the end of the period, you receive the invested amount along with interest.

If you are considering investing in an FD in the coming days, you should know where to get the best interest rates. Small finance banks offer higher interest rates than big banks like SBI and PNB. While SBI and PNB offer up to 7% interest on FDs, small finance banks can offer up to 9%. Let us take a look at the interest rates on FDs in some small finance banks. Besides, we will share all the details regarding the best FD rates in India.

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Ujjivan Small Finance Bank FD Rates

• 9 months – 7.50%
• 9 months 1 day to less than 12 months – 7.00%
• 12 months – 8.25%
• 12 months 1 day to 560 days – 8.00%
• 561 days to 990 days – 7.75%
• 991 days to 60 months – 7.20%

Utkarsh Small Finance Bank FD Rates

1. 365 days to 699 days – 8.00%
2. 700 days to less than 2 years – 8.25%
3. 2 years to 3 years – 8.50%
4. More than 3 years to less than 4 years – 8.25%
5. 4 years to 1499 days – 7.75%
6. 1500 days – 8.50%

Another hike by Bajaj Finance. Best rate is at 44 months and 8.35% for non seniors and 8.60% for seniors. I’m curious, what fixed income instruments beat this? #investment pic.twitter.com/W90mXrulfl

— Neil Borate (@ActusDei) May 10, 2023

Unity Small Finance Bank FD Rates

• 501 days – 8.75%
• 502 days to 18 months – 7.85%
• 18 months to 700 days – 7.90%
• 701 days – 8.75%
• 702 days to 1000 days – 7.90%
• 1001 days – 9.00%

AU Small Finance Bank FD Rates

• 6 months 1 day to 12 months – 7.25%
• 12 months 1 day to 15 months – 7.85%
• 15 months 1 day to less than 18 months – 7.50%
• 18 months – 8.00%
• 18 months 1 day to 24 months – 7.75%
• 24 months 1 day to 36 months – 7.50%

Disclaimer:

The interest rates mentioned are taken from the official websites of these small finance banks. This information is for general knowledge only. Times Bull is not responsible for any financial investments; it is entirely your decision. Please consult a financial advisor before investing for better financial planning.