Which banks are giving the highest fixed deposit (FD) interest rates? Check here

Among all bank categories, small finance banks are offering the highest interest on fixed deposits (FDs). If we talk about private sector banks, DCB Bank offers the best FD interest rates, and among the public sector banks, Punjab & Sind Bank are giving the best returns on term deposits. Seniors usually get an additional interest rate of 50 bps or more over the regular fixed deposit rates.

Here is a list of banks that offer the highest FD rates

Unity Small Finance Bank latest FD interest rates

For regular consumers, it offers interest rates between 4.5% to 9%. Seniors get an interest rate of 4.5% to 9.5% on deposits that mature in seven days to ten years. The deposit interest rate has been revised from 9 October 2023. The highest interest rate of 9% is offered for a tenure of 1001 days.

Suryoday Small Finance Bank provides fixed deposit interest rates between 4% and 8.6% to general customers on deposits maturing in seven days to ten years. Seniors will receive an interest rate of 4.5% to 9.1% on deposits that mature in seven days to ten years. The highest interest rate of 8.60% is offered for over 2 years to 3 years These rates are applicable from 7 August 2023.

Latest DCB Bank FD interest rates

DCB Bank offers 3.75% to 7.9% to general customers, and 4.25% to 8.50% to senior citizens. These rates apply from 27 September 2023.

While general customers get 3.50% to 7.80% interest on fixed deposits, senior citizens get between 4% and 8.30% on term deposits. These rates are effective from 16 October 2023

Latest IDFC First Bank FD interest rates

IDFC First Bank offers interest rates between 3.50% and 7.75% on fixed deposits for general customers. On the other hand, for senior citizens, the bank offers interest rates of 4 to 8.25%. The highest interest rate of 7.75% is offered on deposits maturing in 549 days to two years

Punjab & Sind Bank latest FD interest rates

General customers get 2.8% to 7.40% interest. The highest interest rate is offered on term deposits maturing in 444 Days. These rates apply from 1 October 2023

The country’s largest public sector bank offers interest rates between 3% and 7.10% to all customers. The interest rate for seniors varies between 3.5% and 7.6%. These rates were last revised on 15 February 2023.

Latest FD interest rates of ICICI Bank

The private sector lender offers interest rates between 3% and 7.1% on BDs to all customers. On the other hand, senior citizens get interest rates of 3.50% to 7.65% on FDs of various tenures with effect from October 16.

Latest HDFC Bank FD interest rates

HDFC bank FDs come with an interest rate of 3% to 7.20% for various tenures. On the other hand, seniors get interest rates between 3.5% and 7.75%. These rates are applicable from 1 October 2023.

All the above rates are obtained from respective bank websites.

Milestone Alert!Livemint tops the charts as the fastest growing news website in the world 🌏 Click here for more information.

Get all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download the Mint News App for Daily Market Updates.


Updated: 03 November 2023, 12:32 PM IST

Denial of responsibility! vismuseum.org.in is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – at loginhelponline@gmail.com The content will be deleted within 24 hours.

Read original article here

Leave a Comment