These 3 banks offer fixed deposit (FD) rates at 9%. Check details

These 3 banks offer fixed deposit (FD) rates at 9%. Check details

Many small finance banks offer 8-9% on fixed deposits of two to five years compared with an average of 6-6.4% that top lenders like State Bank of India (SBI), HDFC Bank, Axis Bank and ICICI Bank give. Senior citizens get 50 basis points higher on these deposits as compared to general customers. In Budget 2020, the finance minister increased the insurance cover on bank deposits to ₹5 lakh. The increase has been done with a view to providing a greater measure of protection to depositors. Nowadays, banks offer the facility of opening an FD account online via net-banking through your account. One can invest in FD without having to visit a branch physically.

Here is a list of banks that offer the best rate on fixed deposits for 1-year, 2-year, 3-year, 5-year, 7-year and 10-year

Utkarsh Small Finance Bank latest FD interest rates

Utkarsh Small Finance Bank offers interest rate ranging from 4.75% to 9% on FDs maturing in 7 days to 10 years. Term deposits with less than one year maturity, the bank gives 7.25%. FDs maturing in 1 year to 455 days will give you 8.20% interest, 456 days to less than 2 years 8.50% and 2 years to 776 days 8.00%. Utkarsh Small Finance Bank gives the highest interest rate on deposits maturing in 777 days. The bank gives 9% interest rate on these deposits. FDs with 3 years to less than 5 years maturity period will give you 8% interest rate. On 5 years FDs, Utkarsh Small Finance Bank gives 8.35%, and on 5 years to 10 years FDs, it gives 7.75% interest. Senior citizens get an additional 50 basis points on these deposits.

7 days to 15 days 4.75%

16 days to 28 days 4.75%

29 days to 45 days 4.75%

46 days to 90 days 5.50%

91 days to 120 days 6.75%

121 days to 180 days

6.75%

181 days to 210 days 7.00%

211 days to 270 days 7.00%

271 days to less than 1 year 7.25%

1 year to 455 days 8.20%

456 days to less than 2 years 8.50%

2 years to 776 days 8.00%

777 days 9.00%

778 days to less than 3 years 8.00%

3 years to less than 5 years 8.00%

5 years 8.35%

More than 5 years to 10 years 7.75%

Fincare Small Finance Bank FD interest rates

Fincare Small Finance Bank offers term deposits from 7 days to 7 years with interest ranging from 4% to 9% for general public and 4.5% to 9.5% for senior citizens. For deposits maturing in less than one year, Fincare Small Finance Bank gives 7% interest. For 12 months to18 months 7.75%, 18 months 1 day to 21 months 8%, 21 months 1 day to 24 months 8.25%, 24 months 1 day to 30 months 8.50%. Fincare Small Finance Bank gives highest interest rate at 9% for deposits maturing in 30 months 1 day to 36 months. For term deposits maturing in 3-5 years and 5-7 years, Fincare Small Finance Bank gives 8% and 7% interest rates respectively.

7 days to 45 days 4%

46 days to 90 days 4%

91 days to 180 days 6%

181 days to 364 days 7%

12 months to 15 months 7.75%

15 months 1 day to 18 months 7.75%

18 months 1 day to 21 months 8%

21 months 1 day to 24 months 8.25%

24 months 1 day to 30 months 8.50%

30 months 1 day to 36 months 9%

3 years 1 day to 5 years 8.00%

5 years 1 day to 7 years 7.00%

Suryoday Small Finance Bank latest FD interest rates

Suryoday Small Finance Bank FD rate ranges from 4% to 9% for general customers and 4.5% to 9.5% for senior citizens depending upon the tenure they chose. The bank gives 7.75% interest on term deposits maturing in less than one year. For FDs with maturity period 1 year to 2 years, 2years to 3 years and 3 years to less than 5 years, Suryoday Small Finance Bank gives 8.25%, 8.5% and 8% respectively. The bank gives the highest rate of interest on deposits maturing in 5 years. These deposits will fetch 9%. For 5 years to 10 years term deposit, Suryoday Small Finance Bank will give 7.25% interest rate.

7 days to 14 days 4%

15 days to 45 days 4%

46 days to 90 days 5%

91 days to 6 months 5.50%

Above 6 months to 9 months 7.50%

Above 9 months to less than 1 year 7.75%

1 year to 2 years 8.25%

Above 2 years to 3 years 8.50%

Above 3 years to less than 5 years 8.00%

5 years 9%

Above 5 years to 10 years 7.25%

Share: