Currently, fixed deposits (FDs) remain an excellent choice for Indian customers looking for a secure way to invest their savings. Many of the largest private and public sector banks in the country are offering interest rates as high as 8.75% on FDs. If you’re considering investing your savings in an FD, this information will be helpful. Let’s explore 10 banks that provide the highest interest rates on FDs for their customers.
RBL Bank offers interest rates of up to 8%
Deutsche Bank provides up to 7.75% interest on FDs with maturities between two and three years for both general and senior citizen customers. Yes Bank also offers 7.75% for general customers and 8.25% for senior citizens on FDs maturing in 18 months to less than 36 months. RBL Bank has an interest rate of 7.50% for general customers and 8% for senior citizens on FDs maturing between 24 and 36 months.
Interest rates can go up to 8.75%
SBM Bank offers 8.25% interest for general customers and 8.75% for senior citizens on FDs maturing between 3 years and 2 days to less than 5 years. Bandhan Bank provides 8% interest for general customers and 8.50% for senior citizens on FDs maturing in 600 days. Additionally, DCB Bank offers 8% for general customers and 8.50% for senior citizens on 36-month FDs.
Up to 8% interest on 444-day FDs
IDFC First Bank has an interest rate of 7.50% for general customers and 8% for senior citizens on FDs maturing between 1 year and 550 days. IndusInd Bank offers 7.50% for general customers and 8% for senior citizens on FDs maturing between 2 years and 9 months to 3 years and 3 months. HSBC provides 7.50% for general customers and 8% for senior citizens on FDs maturing between 732 days and less than 36 months. Karur Vysya Bank also offers 7.50% for general customers and 8% for senior citizens.
