Banks Offering 8% or Higher Interest on Fixed Deposits

Fixed deposits (FDs) continue to attract risk-averse investors, with several banks in India offering interest rates of 8% or more. Notably, small finance banks dominate this space with higher rates compared to public and private sector banks.

Small Finance Banks Offering High FD Rates

Small finance banks provide some of the highest FD rates, making them popular among investors seeking better returns.

• NorthEast Small Finance Bank: 9.00% for 546–1111 days
• Unity Small Finance Bank: 9.00% for 1001 days
• Suryoday Small Finance Bank: 8.60% for above 2 years–3 years
• Jana Small Finance Bank: 8.25% for 1–3 years
• Utkarsh Small Finance Bank: 8.50% for 2–3 years or 1500 days
• Equitas Small Finance Bank: 8.25% for 888 days
• Ujjivan Small Finance Bank: 8.25% for 12 months

Private Sector Banks: Competitive Rates

Private sector banks also offer attractive FD rates, especially for specific tenures.

• Bandhan Bank: 8.05% for 1 year
• IDFC First Bank: 7.90% for 400–500 days
• RBL Bank: 8.00% for 500 days
• DCB Bank: 8.05% for 19–20 months
• IndusInd Bank: 7.99% for 1 year 5 months to less than 1 year 6 months
• HDFC Bank: 7.40% for 55 months
• ICICI Bank: 7.25% for 15 months–2 years

Public Sector Banks: Stability and Security

Public sector banks may offer slightly lower rates but remain a secure choice for conservative investors.

• Bank of Maharashtra: 7.45% for 366 days
• Central Bank of India: 7.50% for 1111 or 3333 days
• Bank of Baroda: 7.30% for 400 days (Bob Utsav)
• Bank of India: 7.30% for 400 days
• Canara Bank: 7.40% for 3–5 years
• Indian Bank: 7.30% for 400 days (IND SUPER)
• Union Bank of India: 7.30% for 456 days

Foreign Banks Offering Competitive FD Rates

Some foreign banks also offer attractive rates for FDs in India.

• Deutsche Bank: 8.00% for above 1–3 years
• HSBC Bank: 7.50% for 601–699 days
• Standard Chartered Bank: 7.50% for 1–375 days

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.