look news india
FD Rates: In the month of September, there are 15 such banks which are giving more than 8 percent interest on FD. If you also want to take advantage of 8 percent interest on FD, then you can invest in them. The list of banks giving 8 percent interest on FD includes government banks, private banks, small finance banks and foreign banks. Some of these banks like Northeast Small Finance Bank are giving interest rates up to 9 percent. Unity Small Finance Bank and RBL Bank are also giving 9 percent and 8.10 percent interest rates respectively. Yes Bank and Deutsche Bank are also giving 8 percent interest. See the complete list of interest and banks here.
Here are the 15 banks offering 8% or more interest rates on FDs:
1. AU Small Finance Bank
Interest Rate: 8%
Duration: 18 months
2. Equitas Small Finance Bank
Interest Rate: 8.50%
Duration: 444 days
3. ESAF Small Finance Bank
Interest Rate: 8.25%
Duration: 2 years to less than 3 years
4. Jana Microfinance
Interest Rate: 8.25%
Tenure: 365 days to 1095 days
5. Northeast Small Finance Bank
Interest Rate: 9%
Duration: 546 days to 1111 days
6. Suryoday Small Finance Bank
Interest Rate: 8.65%
Duration: 2 years 2 days
7. Ujjivan Small Finance Bank
Interest Rate: 8.25%
Duration: 12 Months
8. Unity Small Finance Bank
Interest Rate: 9%
Duration: 1001 days
9. Utkarsh Small Finance Bank
Interest Rate: 8.50%
Tenure: 2 years to 3 years; 1500 days
10. Bandhan Bank
Interest Rate: 8%
Duration: 1 year 9 months
11. DCB Bank
Interest Rate: 8.05%
Tenure: 19 months to 20 months
12. RBL Bank
Interest Rate: 8.10%
Duration: 500 days
13. SBM Bank India
Interest Rate: 8.25%
Duration: More than 18 months to less than 2 years 3 days
14. Yes Bank
Interest Rate: 8%
Duration: 18 months
15. Deutsche Bank
Interest Rate: 8%
Duration: 1 year to 3 years
These banks have recently revised FD rates
Four banks Karnataka Bank, Bank of Baroda, City Union Bank and Bank of India have recently revised their FD rates. The official websites of the banks have a complete list of FD rates available for the general public and senior citizens. If you want to avail higher interest rates on your savings, this may be the right time to invest in fixed deposits.