FD Update: There will be bumper earnings in FD, interest up to 9.50% is available here...

Best FD rates in 2024: Fixed deposits (FDs) of banks are the most popular option for fixed income in a fixed period. In this, the interest rate and maturity are fixed at the time of deposit. For those investors who cannot bear the market risk, Bank FDs are a good way to earn huge income. Small finance banks usually offer more on FDs.

Here we have taken the top 5 interest offering banks. In these, investors are getting interest up to 9.25 percent.

Suryoday Small Finance Bank
Suryoday Small Finance Bank is offering interest on FDs up to 9.1 percent to regular customers and up to 9.25 percent to senior citizens. These interest rates are applicable on 5-year FD for deposits of less than Rs 2 crore.
 
Unity Small Finance bank
Unity Small Finance Bank is offering interest on FDs up to 9 percent to regular customers and up to 9.50 percent to senior citizens. These interest rates are applicable on FD of 1001 days for deposits of less than Rs 2 crore.

Shivalik Small Finance Bank
Shivalik Small Finance Bank is offering interest on FDs up to 8.75 percent to regular customers and up to 9.25 percent to senior citizens. These interest rates are applicable on FDs of 12-18 months for deposits of less than Rs 2 crore.

Equitas Small Finance Bank
Equitas Small Finance Bank is offering interest on FDs up to 8.50 percent to regular customers and up to 8.77 percent to senior citizens. These interest rates are applicable on FD of 444 days for deposits of less than Rs 2 crore.

Utkarsh Small Finance Bank
Utkarsh Small Finance Bank is offering interest on FDs up to 8.50 percent to regular customers and up to 9.10 percent to senior citizens. These interest rates apply on FDs of 2 years to 3 years for deposits of less than Rs 2 crore. (Note: Information about interest rates on FDs has been taken from the official websites of banks.)

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