Bank fixed deposit (FD) interest rates at 9%. Latest rates here

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SBI, HDFC Bank and ICICI Bank are offering highest interest rates of 6% to 6.4%
The maximum rates on FDs are being offered by small finance banks
There are many banks in India that offer more than 9% interest rate on fixed deposits (FDs). Fixed deposit, also known as term deposits are an ideal investment option, especially for those who are looking for benefits like high liquidity and premature withdrawal facilities. Interest rates on FDs vary widely depending on the banks as well as tenors. While the leading banks of the nation like SBI, HDFC Bank and ICICI Bank are offering highest interest rates of 6% to 6.4% per annum currently, smaller banks are giving highest interest rates in the range of 8% to 9%. The maximum rates on FDs are being offered by small finance banks.



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 the highest rate of interest on deposits maturing in 5 years. These deposits will fetch 9%. For deposits maturing in 7 days to 45 days, the bank gives 4% interest, 46 days to 90 days 5%, 91 days to 6 months 5.50%. For FDs maturing above 6 months to 9 months, Suryoday Small Finance Bank gives 7.50% interest and above 9 months to less than 1 year 7.75%. For deposits maturing in 1 year to 2 years and more than 2 years to 3 years, the bank gives 8.25% and 8.50% interest respectively. Above 3 years to less than 5 years deposits will fetch an interest rate of 8%, and for 5 years to 10 years FDs, the bank will give 7.25% interest.

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%

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. The bank gives highest interest rate at 9% for deposits maturing in 30 months 1 day to 36 months. For deposits maturing in 7 days to 90 days and 91 days to 180 days, Fincare Small Finance Bank gives 4% and 6% respectively, For 181 days to 364 days 7%, 12 months to 15 months 7.75%, 15 months 1 day to 18 months 7.75%. The bank gives 8% for FDs maturing in 18 months 1 day to 21 months, 8.25% for 21 months 1 day to 24 months, and 8.50% for 24 months 1 day to 30 months. For 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%



Soon after Finance Minister Nirmala Sitharaman’s Budget announcement, the Reserve Bank of India (RBI) increased the insurance cover on bank deposits from ₹1 lakh to ₹5 lakh. The increase has been done with a view to providing a greater measure of protection to depositors. As the insurance cover stands increased, the banks will pay a premium of 12 paise against 10 paise per ₹100 deposit. The deposit insurance scheme covers all banks operating in India, including the private sector, cooperative and even branches of foreign banks.

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