Are you looking to park your savings in a fixed deposit (FD)? Fixed deposits are a popular choice for Indians looking to earn a fixed return on their savings with minimal risk. If you're considering opening an FD, here are the top 6 banks offering the best interest rates.
Suryoday Small Finance Bank is offering an interest rate of up to 8% on 5-year FDs. This rate is applicable on deposits above ₹2 crores. For regular customers, the bank offers up to 7.25% interest on FDs.
Jana Small Finance Bank is offering an interest rate of 7.77% on 5-year FDs. The bank is also offering 7.50% interest on 3-5 year FDs.
SBM Bank is offering an interest rate of 7.30% on FDs with tenure above 15 months. The bank is a popular choice among NRIs and offers convenient online services.
AU Small Finance Bank is offering an interest rate of 7.10% on FDs with tenure above 24 months. The bank has a strong presence in Rajasthan and offers various deposit schemes.
Equitas Small Finance Bank is offering an interest rate of 7.30% on 888-day FDs. The bank has a wide network and offers various financial products.
Ujjivan Small Finance Bank is offering an interest rate of 7.45% on 2-year FDs. The bank is a popular choice among customers looking for stable returns.
Fixed deposits offer several benefits, including:
Guaranteed returns
Low risk
Liquidity options
Tax benefits
When choosing an FD, consider factors such as interest rates, tenure, and liquidity needs.
Interest rates vary across banks and tenures
Check for any penalties on premature withdrawal
Consider your financial goals and liquidity needs
These banks mentioned above are offering attractive interest rates on FDs. However, before investing, consider your financial goals and choose the best option for your needs.