Best FD rates in 2024: Fixed deposits (FDs) of banks are the most popular option for fixed income over a fixed period. In this, the interest rate and maturity is decided at the time of deposit itself. For investors who cannot afford the market risk, bank FD is a good way to earn big income. Small finance banks usually offer more on FDs. Here we have taken the top 5 interest offering banks. In these, investors are getting interest up to 9.25 percent.
Suryoday Small Finance Bank
Suryoday Small Finance Bank is offering 9.1 percent interest on FD to regular customers and 9.25 percent interest to senior citizens. These interest rates are applicable on 5 year FD for deposits of less than Rs 2 crore.
Unity Small Finance Bank
Unity Small Finance Bank is offering up to 9 percent interest on FD to regular customers and up to 9.50 percent interest to senior citizens. These interest rates are applicable on FDs of 1001 days for deposits of less than Rs 2 crore.
Shivalik Small Finance Bank
Shivalik Small Finance Bank is offering 8.75 percent interest on FD to regular customers and 9.25 percent interest to senior citizens. These interest rates are applicable on FDs of 12-18 months for deposits of less than Rs 2 crore.
Equitas Small Finance Bank
Equitas Small Finance Bank is offering 8.50 percent interest on FD to regular customers and 8.77 percent interest to senior citizens. These interest rates are applicable on FDs of 444 days for deposits of less than Rs 2 crore.
Utkarsh Small Finance Bank
Utkarsh Small Finance Bank is offering interest up to 8.50 percent on FD to regular customers and up to 9.10 percent to senior citizens. These interest rates are applicable on FDs of 2 years to 3 years for deposits of less than Rs 2 crore.