For investors, fixed deposits (FDs) provide a reliable, consistent and long-term investment returns. The interest rate offered on FD varies from bank to bank and depends on the amount and tenure. Many Indian banks are currently offering FDs at interest rates above 8%.
Here are the latest FD rates above 8% offered by major banks in India.
1. Northeast Small Finance Bank
This bank offers interest rate of 9.% for the tenure of 546 days to 1111 days.
2. Unity Small Finance Bank
This bank offers an interest rate of 9% for a tenure of 1001 days.
3. Suryoday Small Finance Bank
This bank gives returns of 8.60% on FD for a tenure of 2 to 3 years.
4. Utkarsh Small Finance Bank
This bank gives returns of 8.50% for a period of 2 years to 3 years.
5. Jana Small Finance Bank
The bank offers an interest rate of 8.25% for 1 to 3 years.
6. Equitas Small Finance Bank
The bank offers an interest rate of 8.25% for 888 days.
7. Ujjivan Small Finance Bank
The bank offers an interest rate of 8.25% for 12 months.
8. SBM Bank India
The bank offers an interest rate of 8.25% for tenures more than 18 months and less than 2 years 3 days.
9. Bank
The bank is offering interest rate of 8.05% for a tenure of 1 year.
10. DCB Bank
The bank offers interest rate of 8.05% for 19 months to 20 months.
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