Bumper interest up to 9% on FD! These 10 banks are giving the highest returns, see the complete list

Whenever we think of increasing our hard-earned money by keeping it safe, the first and trusted name that comes to our mind is Fixed Deposit i.e. FD. For years this has been the most preferred method of investment for us Indians. There is no risk like share market in this and returns are also guaranteed.

Generally, big banks give only 6% to 7.5% interest on FD. But do you know that there are some banks which are offering great interest of up to 9% on their FD schemes? Yes, you read it right!

If you also want to earn maximum profit on your FD, then this news is for you only.

Which banks are giving such high interest?

Mostly these banks are ‘Small Finance Banks’. These banks also work under the rules of Reserve Bank of India (RBI) and your money deposited in them up to Rs 5 lakh is completely protected under DICGC (Deposit Insurance and Credit Guarantee Corporation). These banks offer higher interest rates than big banks to attract new customers.

So let’s see the list of those top 10 banks which are giving the highest interest on FD:

(Note: These rates may be for senior citizens and may change from time to time. Please check the bank’s website before investing.)

1. Suryoday Small Finance Bank: This bank is giving interest up to 9.1% to senior citizens.
2. Unity Small Finance Bank: Here you can get returns up to 9.0% on your FD.
3. Fincare Small Finance Bank: This bank is also offering attractive interest rates up to 8.61%.
4. Jana Small Finance Bank: Here senior citizens are getting interest up to 8.50%.
5. Loskar Bank: This bank is giving interest up to 8.50% on its FD.
6. Utkarsh Small Finance Bank: Here you can earn interest up to 8.50%.
7. Shivalik Small Finance Bank: This bank is also giving excellent returns up to 8.30%.
8. Equitas Small Finance Bank: Here you can get interest rates up to 8.25%.
9. IndusInd Bank: This is a good option among big banks, offering interest up to 8.25%.
10. DCB Bank: This bank is offering interest up to 8.20% on its FD schemes.

So the next time you think of getting an FD, don’t limit yourself to just big and well-known names. By doing a little research, you can get much better returns on your savings.