Up to 9% FD interest rate: Full list of banks that offer highest interest rates on fixed deposits now (2024)

Synopsis

The fixed deposit interest rates given by small finance banks, are higher. There are some small finance banks that are offering up to 9% interest on FDs. Book these FD now before the rates start to drop. Read here to know the FD rates offered by the small finance banks in India.

Up to 9% FD interest rate: Full list of banks that offer highest interest rates on fixed deposits now (1)Getty Images

Small finance banks offer attractive interest rates on fixed deposits (FDs). You can get up to 9% interest rates on FDs in certain small finance banks. If you want a slightly higher interest rate on FDs, you can book them now, before the rates drop.

Before that, take a look at the highest interest rates offered by small finance banks. Do keep in mind that these interest rates are offered on deposits of up to Rs 2 crore.


Highest FD interest rates in small finance banks

Unity Small Finance Bank

Unity Small Finance Bank is offering a 9% interest rate for FDs maturing in 1001 days.

Suryoday Small Finance Bank
Suryoday Small Finance Bank is offering an interest rate of 8.65% for FDs maturing in two years and two days.

Up to 9% FD interest rate: Full list of banks that offer highest interest rates on fixed deposits now (2)

    Ujjivan Small Finance Bank
    Ujjivan Small Finance Bank is offering an interest rate of 8.5% for FDs maturing in 15 months.

    Jana Small Finance Bank

    Jana Small Finance Bank is offering an interest rate of 8.5% for FDs maturing in 365 days.

    Equitas Small Finance Bank
    Equitas Small Finance Bank is offering an interest rate of 8.5% for FDs maturing in 444 days.

    Utkarsh Small Finance Bank
    Utkarsh Small Finance Bank is offering an interest rate of 8.5% for FDs maturing between two years and three years.

    Highest FD interest rates by small finance banks

    Bank NameHighest Interest rateTenure
    Unity Small Finance Bank9%1001 days
    Suryoday Small Finance8.65%2 years 2 days
    Ujjivan Small Finance Bank8.50%15 months
    Jana Small Finance Bank 8.50%365 days
    Equitas Small Finance Bank8.50%444 days
    Utkarsh Small Finance Bank8.50%two years and three years

    Source: Paisabazar.com as of April 27, 2024

    ESAF Small Finance Bank
    ESAF Small Finance Bank offers an interest rate of 8.25% for FDs maturing between two years and less than three years.

    AU Small Finance Bank
    AU Small Finance Bank is offering an interest rate of 8% for FDs maturing in 18 months.

    Owing to their business model, small finance banks cannot be kept on par with other scheduled commercial banks. Hence FDs from small finance banks are also not comparable in terms of risk profile to full-service banks. However, when it comes to insurance, do keep in mind that deposits in small finance banks are also insured by the Deposit Insurance Credit Guarantee Corporation (DICGC) to the tune of Rs 5 lakh. Most of the experts advise layman retail investors to keep their exposure limited in FDs of small finance banks so that it is well within DICGC cover of Rs 5 lakh including principal and interest.

    ( Originally published on Apr 27, 2024 )

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    Up to 9% FD interest rate: Full list of banks that offer highest interest rates on fixed deposits now (2024)

    FAQs

    Up to 9% FD interest rate: Full list of banks that offer highest interest rates on fixed deposits now? ›

    Some of the banks providing these rates include NorthEast Small Finance Bank, which offers a 9%, followed by Unity Small Finance Bank and RBL Bank, both providing rates of up to 9% and 8.10%, respectively. YES Bank and Deutsche Bank also feature on the list, with competitive rates of 8%.

    Which bank gives 9 percent interest for Fixed deposits? ›

    Banks offering more than 7% Interest on FDs in 2024
    FDs paying more than 7%
    Fincare Small Finance Bank1,000 days9.11%
    Ujjivan Small Finance Bank12 months /560 days8.85%
    Equitas Small Finance Bank888 days9.00%
    Utkarsh Small Finance Bank700 days to 2 years8.85%
    26 more rows

    Which bank gives 8% interest? ›

    Some of the banks providing these rates include NorthEast Small Finance Bank, which offers a 9%, followed by Unity Small Finance Bank and RBL Bank, both providing rates of up to 9% and 8.10%, respectively. YES Bank and Deutsche Bank also feature on the list, with competitive rates of 8%.

    Which bank is offering the highest FD rates? ›

    Unity Small Finance Bank offers a top FD rate of 9% p.a. to general subscribers and 9.5% to senior citizens on FD tenure of 1001 days. For a 1-year FD, the rate is 7.85%, for a 3-year FD, it's 8.15%, and for a 5-year FD, it stands at 8.15%.

    Which bank gives highest fixed interest rate? ›

    The best fixed savings bonds
    ProviderAccount nameInterest rate (AER)
    Prosper Savings Ltd6 Month Fixed Term Deposit (Provided by GB Bank)5.23%
    Raisin UK6 Month Fixed Term Deposit (Provided by GB Bank) *5.03%
    Flagstone Sponsored3 Month Fixed Term (provided by Mizrahi-Tefahot Bank) *5.12%
    This listing is sponsored by Flagstone
    3 more rows
    4 days ago

    Where can I get a 9% interest rate? ›

    Unity Small Finance Bank offers FD interest rates ranging from 4.50% to 9% for tenures maturing between 7 days and 10 years to general citizens. The highest interest rate of 9% is offered on FDs maturing in 1001 Days. The rates are effective from October 9, 2023.

    Which bank is best for senior citizen FD? ›

    Comparison of FD rates
    • Equitas Bank. 3.50% - 7.25%
    • HDFC Bank. 4.50% - 7.00%
    • ICICI Bank. 4.50% - 6.90%
    • Canara Bank. 5.50% - 6.70%
    • Bank of Baroda. 5.50% - 6.50%
    • Punjab National Bank. 4.50% - 6.50%
    • IDBI Bank. 4.50% - 4.80%
    • Indian Bank. 3.50% - 6.10%

    Which bank has the best fixed deposit rate? ›

    Best Fixed Deposit Rates in Singapore (September 2024)
    BankHighest interest rate available (p.a.)Tenure
    CIMB2.95%3 / 6 months
    Hong Leong Finance2.95%6 / 7 months
    OCBC2.90%6 months
    UOB2.70%6 months
    11 more rows
    Sep 6, 2024

    What is the highest interest rate for FD in Federal Bank? ›

    Federal Bank FD Rates

    Federal Bank offers FD interest rates of 3.00-7.40% p.a. to the general public and 3.50-7.90% p.a. to senior citizens on tenures ranging from 7 days to 5 years & above.

    Which banks offer higher rate of interest on fixed deposit for? ›

    for a tenure of above 18 months to less than 2 years 3 days. Among scheduled public sector banks, the Central Bank of India offers the highest fixed deposit interest rates of up to 7.45% p.a. on a tenure of 444 days. Senior citizens (of age 60 years and above) can earn fixed deposit rates of up to 9.50% p.a.

    Which bank in USA gives highest interest? ›

    Best high-yield savings accounts: full list of editorial picks
    Financial InstitutionNerdWallet Overall Institution RatingAPY
    LendingClub, Member FDIC.4.5.4.80% (5.30% if certain requirements are met).
    First Foundation Bank, Member FDIC.3.5.4.90%.
    Synchrony Bank, Member FDIC.4.5.4.65%.
    ConnectOne Bank, Member FDIC.3.5.4.60%.
    25 more rows
    Sep 3, 2024

    Which bank is safest for FD? ›

    Top Banks for FDs in India
    Sr NoList Of BanksScore
    1.State Bank of IndiaAAA
    2.HDFC BankAAA
    3.Bank of BarodaAAA
    4,ICICI BankAAA
    12 more rows

    Which 5 banks have the highest rate of interest? ›

    Best High-Yield Savings Account Rates for August 2024
    • Newtek Bank – 5.25% APY.
    • Evergreen Bank Group – 5.25% APY.
    • VirtualBank – 5.25% APY.
    • My Banking Direct – 5.25% APY.
    • CFG Bank – 5.23% APY.
    • UFB Direct – 5.15% APY.
    • RBMAX – 5.15% APY.
    • Bread Savings – 5.15% APY.

    Which bank has the highest fixed deposit rate now? ›

    Best Fixed Deposit Rates in Singapore (September 2024)
    BankHighest interest rate available (p.a.)Tenure
    ICBC3.15%3 months
    HSBC3.00%4 months
    Standard Chartered3.00%3 months
    RHB2.95%3 / 6 months
    11 more rows
    Sep 6, 2024

    Which bank pays the highest interest on fixed deposits? ›

    The best interest rate is 10.97% offered by Access Bank Plc on a 5 year fixed deposit investment. This is the highest interest rate you will be able to get in South Africa. This rate is fixed throughout 5 year. It is the effective annual rate.

    Which bank is best for fixed deposits? ›

    The best 6-month fixed deposit rate was 4.80% p.a. offered by Emirates Islamic Bank Booster Wakala Deposit, with a minimum deposit requirement of AED 25,000.

    What banks are paying the highest interest right now? ›

    Best High-Yield Savings Account Rates for September 2024
    • Poppy Bank – 5.50% APY.
    • Western Alliance Bank – 5.31% APY.
    • Forbright Bank – 5.30% APY.
    • Vio Bank – 5.30% APY.
    • BrioDirect – 5.30% APY.
    • Ivy Bank – 5.30% APY.
    • TotalBank – 5.26% APY.
    • Jenius Bank – 5.25% APY.

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