Find Out Which Banks Are Offering The Highest Fixed Deposit (FD) Interest Rates

Small finance banks top the charts in offering the most competitive interest rates on fixed deposits (FDs). Among private sector banks, DCB Bank stands out for providing the most lucrative FD interest rates , while Punjab & Sind Bank leads among public sector banks in delivering attractive returns on term deposits. Notably, senior citizens often enjoy an additional interest rate of 50 bps or more compared to standard FD rates.

Here's a rundown of banks offering the highest FD rates:

Unity Small Finance Bank's Latest FD Interest Rates:

For regular customers, interest rates range from 4.5% to 9%. Senior citizens can benefit from rates between 4.5% to 9.5% on deposits maturing within seven days to ten years. The highest rate of 9% applies to a tenure of 1001 days, effective from October 9, 2023.

Suryoday Small Finance Bank's Latest FD Interest Rates:

Suryoday Small Finance Bank offers general customers rates between 4% to 8.6% on deposits maturing within seven days to ten years. Senior citizens can avail rates from 4.5% to 9.1% on similar tenure deposits. The peak rate of 8.60% applies to a period above 2 years to 3 years, effective from August 7, 2023.

DCB Bank's Latest FD Interest Rates:

DCB Bank presents rates ranging from 3.75% to 7.9% for regular customers and 4.25% to 8.50% for senior citizens, effective from September 27, 2023.

RBL Bank's Latest FD Interest Rates:

Regular customers receive rates from 3.50% to 7.80%, while senior citizens get 4% to 8.30% on term deposits, effective from October 16, 2023.

IDFC First Bank's Latest FD Interest Rates:

For general customers, interest rates vary between 3.50% and 7.75%, and for senior citizens, rates range from 4% to 8.25%. The highest rate of 7.75% applies to deposits maturing in 549 days to two years.

Punjab & Sind Bank's Latest FD Interest Rates:

Interest for general customers ranges from 2.8% to 7.40%, with the highest rate for deposits maturing in 444 days, effective from October 1, 2023.

State Bank of India's Latest FD Interest Rates:

SBI offers rates from 3% to 7.10% for all customers, while rates for senior citizens range between 3.5% to 7.6%, last revised on February 15, 2023.

ICICI Bank's Latest FD Interest Rates:

Interest rates span from 3% to 7.1% for all customers and 3.50% to 7.65% for senior citizens, effective from October 16.

HDFC Bank 's Latest FD Interest Rates:

HDFC Bank presents rates of 3% to 7.20% for different tenures, with senior citizens benefiting from rates between 3.5% and 7.75%, effective from October 1, 2023.