Which Bank has the Highest Interest Rate for Fixed Deposits?

The Small Finance Banks offer the highest FD interest rates for a tenure between 7 days to 10 years. Unity Small Finance Bank offers interest rates in the range of 4.50% - 9.00% p.a. for general citizens and between 4.50% - 9.50% p.a. for senior citizens. Other popular banks like the State Bank of India, offer the highest FD interest rate of 7.00% p.a. for general citizens and 7.50% for senior citizens.

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Highest FD Rates of Top Banks in 2024

Top Banks offer competitive interest rates on Fixed Deposits (FDs). If you are wondering which Bank has the highest interest rate for fixed deposits, here are the most attractive Fixed Deposit interest rates applicable for deposits below Rs.2 crores:

Bank Name FD Interest Rates for General Citizens (in % p.a.) FD Interest Rates for Senior Citizens  (in % p.a.)
Unity Small Finance Bank 4.50% - 9.00% 4.50% - 9.50%
SBM Bank 4.25% - 8.25%  4.75% - 8.75%
Bank of Baroda 4.25% - 7.25% 4.75% - 7.75%
Suryoday Small Finance Bank 4.00% - 8.65% 4.50% - 9.10%
ESAF Small Finance Bank 4.00% - 8.25% 4.50% - 8.75%
Canara Bank 4.00% - 7.25% 4.00% - 7.75%
Utkarsh Small Finance Bank 4.00% - 8.50% 4.60% - 9.10%
Ujjivan Small Finance Bank 3.75% - 8.25% 4.25% - 8.75%
AU Small Finance Bank 3.75% - 8.00% 4.25% - 8.50%
DCB Bank 3.50% - 8.50% 4.25% - 8.60% 
IndusInd Bank 3.50% - 7.50% 4.25% - 8.25%
Punjab National Bank 3.50% - 7.25% 4.00% - 7.75%
Equitas Small Finance Bank 3.50% - 8.50% 3.50% - 8.77%
RBL Bank 3.50% - 8.00%  4.00% - 8.50% 
Shivalik Small Finance Bank 3.50% - 7.80% 4.00% - 8.30%
YES Bank 3.25% - 7.75% 3.75% - 8.25%
Union Bank of India 3.00% - 7.25% 3.50% - 7.75%
HDFC Bank 3.00% - 7.20% 3.50% - 7.70%
ICICI Bank 3.00% - 7.10% 3.50% - 7.65%
SBI Bank 3.00% - 7.10% 3.50% - 7.60%
Fincare Small Finance Bank 3.00% - 8.61% 3.60% - 9.21%
Axis Bank 3.00% - 7.10% 3.50% - 7.75%
Bandhan Bank 3.00% - 7.85% 3.75% - 8.35%
IDFC First Bank 3.00% - 7.75%  3.50% - 8.25%
IDBI Bank 3.00% - 7.00% 3.50% - 7.50%
Jana Small Finance Bank 3.00% - 8.50%  3.50% - 9.00%
Indian Bank 2.80% - 7.25% 3.30% - 7.75%
Punjab & Sind Bank 2.80% - 7.40% 3.30% - 7.90%
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*It is suggested that you use an online FD calculator to estimate the returns on your Fixed Deposits.

Comparison Between
Fixed Deposits, Guaranteed Return Plans & Debt Mutual Fund
Guaranteed Return Plans, Fixed Deposits &
Debt Mutual Fund
Guaranteed Return Plans
Returns Before Tax
7.5% (TAX-FREE)
Returns After Tax
7.5%
Guaranteed Returns
Yes
Life Cover
Yes
Tax on Profit
Tax Free*
Risk
No Risk
awards
Still Better than FD’s and Debt Mutual Fund
Fixed Deposits
Returns Before Tax
7% (TAXABLE)
Returns After Tax
4.8%
Guaranteed Returns
Yes
Life Cover
No
Tax on Profit
Taxable
Risk
Low Risk
Debt Mutual Fund
Returns Before Tax
8% (TAXABLE)
Returns After Tax
5.5%
Guaranteed Returns
No
Life Cover
No
Tax on Profit
Taxable
Risk
High Risk
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Highest FD Rates Bank List

The updated list of the highest FD rates banks for deposits below Rs. 2 crores is as follows:

  1. State Bank of India FD Rates in 2024

    The SBI (State Bank of India) is India's largest public sector bank, offering a wide range of banking products and services including accounts, loans, and investments. Below is the list of current FD interest rates offered by SBI: 

    TENUREREGULAR RATES
    Current Rates
    SENIOR CITIZEN
    7 days to 45 days3.50%4.00%
    46 days to 179 days4.75%5.25%
    180 days to 210 days5.75%6.25%
    211 days to less than 1 year6.00%6.50%
    1 year to less than 2 year6.80%7.30%
    2 years to less than 3 years7.00%7.50%
    3 years to less than 5 years6.75%7.25%
    5 years and up to 10 years6.50%7.50%
    400 days (Amrit Kalash)7.10%7.60%

  2. ICICI Bank FD Rates in 2024

    ICICI Bank is a major private sector bank known for its innovative products and focus on technology. Offers personal and corporate banking services. Below are the rates for ICICI Bank Fixed Deposit:

    TENUREREGULAR RATES
    Current Rates
    SENIOR CITIZEN
    7 days to 14 days3.00%3.50%
    15 days to 29 days3.00%3.50%
    30 days to 45 days3.50%4.00%
    46 days to 60 days4.25%4.75%
    61 days to 90 days4.50%5.00%
    91 days to 120 days4.75%5.25%
    121 days to 150 days4.75%5.25%
    151 days to 184 days4.75%5.25%
    185 days to 210 days5.75%6.25%
    211 days to 270 days5.75%6.25%
    271 days to 289 days6.00%6.50%
    290 days to less than 1 year6.00%6.50%
    1 year to 389 days6.70%7.20%
    390 days to less than 15 months6.70%7.20%
    15 months to less than 18 months7.20%7.75%
    18 months to 2 years7.20%7.75%
    2 years 1 day to 3 years7.00%7.50%
    3 years 1 day to 5 years7.00%7.50%
    5 years 1 day to 10 years6.90%7.50%

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  3. PNB FD Interest Rates in 2024

    PNB is a large public sector bank that provides a comprehensive suite of banking products and services. Let us learn the PNB FD interest rates for various tenures on deposits below Rs. 2 crores:

    TENUREREGULAR RATES
    Current Rates
    SENIOR CITIZEN
    7 to 14 days3.50%4.00%
    15 to 29 days3.50%4.00%
    30 to 45 days3.50%4.00%
    46 to 90 days4.50%5.00%
    91 to 179 days4.50%5.00%
    180 to 270 days6.00%6.50%
    271 days to 299 days6.25%6.75%
    300 days7.05%7.55%
    301 days to less than 1 year6.25%6.75%
    1 year6.75%7.25%
    Above 1 year to 399 days6.80%7.30%
    400 days7.25%7.75%
    401 days to 2 years6.80%7.30%
    Above 2 years to 3 years7.00%7.50%
    Above 3 years to 5 years6.50%7.00%
    Above 5 years to 10 years6.50%7.30%

  4. HDFC Bank FD Interest Rates in 2024

    HDFC Bank is the largest private sector bank in India. It provides a variety of banking services, including accounts, loans, credit cards, and wealth management. HDFC bank FD interest rates on deposits of less than Rs. 2 crores for various tenures are mentioned in the following table:

    TENUREREGULAR RATES
    Current Rates
    SENIOR CITIZEN
    7 – 14 days3.00%3.50%
    15 – 29 days3.00%3.50%
    30 – 45 days3.50%4.00%
    46 – 60 days4.50%5.00%
    61 – 89 days4.50%5.00%
    90 days – 6 months4.50%5.00%
    6 months 1 day – 9 months5.75%6.25%
    9 months 1 day – less than 1 year6.00%6.50%
    1 year – less than 15 months6.60%7.10%
    15 months – less than 18 months7.10%7.60%
    18 months – less than 21 months7.25%7.75%
    21 months  – 2 years7.00%7.50%
    2 years 1 day – less than 2 years 11 months7.00%7.50%
    2 years 11 months (Special Edition FD – 35 months)7.15%7.65%
    2 years 11 months 1 day – 3 years7.00%7.50%
    3 years 1 day – less than 4 years 7 months7.00%7.50%
    4 years 7 months (Special Edition FD – 55 months)7.20%7.70%
    4 years 7 months 1 day – 5 years7.00%7.50%
    5 years 1 day – 10 years7.00%7.75%

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  5. Axis Bank FD Rates in 2024

    Axis Bank is a leading private sector bank known for its customer service and focus on retail banking. Offers accounts, loans, investment products, and more. In order to help you answer which Bank has the highest interest rate for Fixed Deposit, the following table shows the Axis Bank FD interest rates for various tenure on deposits below Rs. 2 crores:

    TENUREREGULAR RATES
    Current Rates
    SENIOR CITIZEN
    7 days to 14 days3.00%3.50%
    15 days to 29 days3.00%3.50%
    30 days to 45 days3.50%4.00%
    46 days to 60 days4.25%4.75%
    61 days to less than 3 months4.50%5.00%
    3 months – 3 months 24 days4.75%5.25%
    3 months to less than 4 months4.75%5.25%
    4 months to less than 5 months4.75%5.25%
    5 months to less than 6 months4.75%5.25%
    6 months to less than 7 months5.75%6.25%
    7 months to less than 8 months5.75%6.25%
    8 months to less than 9 months5.75%6.25%
    9 months to less than 10 months6.00%6.50%
    10 months to less than 11 months6.00%6.50%
    11 months to 11 months 24 days6.00%6.50%
    11 months 25 days to less than 1 year6.00%6.50%
    1 year to 1 year 4 days6.70%7.20%
    1 year 5 days to 1 year 10 days6.70%7.20%
    1 year 11 days to 1 year 24 days6.70%7.20%
    1 year 25 days to less than 13 months6.70%7.20%
    13 months to less than 14 months6.70%7.20%
    14 months to less than 15 months6.70%7.20%
    15 months to less than 16 months7.10%7.60%
    16 months to less than 17 months7.10%7.60%
    17 months to less than 18 months7.20%7.85%
    18 months to less than 2 years7.10%7.60%
    2 years to less than 30 months7.10%7.60%
    30 months to less than 3 years7.10%7.60%
    3 years to less than 5 years7.10%7.60%
    5 years to 10 years7.00%7.75%

  6. Bank of Baroda Fixed Deposit Interest Rates in 2024

    Bank of Baroda is a public sector bank with a significant presence. It provides a variety of banking products and services. The best Bank of Baroda interest rates, as mentioned in the following table, help you to learn which Bank gives the highest interest rate on Fixed Deposit in India in 2024:

    TENUREREGULAR RATES
    Current Rates
    SENIOR CITIZEN
    7 days to 14 days4.25%4.75%
    15 days to 45 days4.50%5.00%
    46 days to 90 days5.50%6.00%
    91 days to 180 days5.60%6.10%
    181 days to 210 days5.75%6.25%
    211 days to 270 days6.15%6.65%
    271 days & above and less than 1 year6.25%6.75%
    360 days (bob360)7.10%7.60%
    1 year6.85%7.35%
    Above 1 year to 400 days6.85%7.35%
    Above 400 days and upto 2 Years6.85%7.35%
    Above 2 Years and upto 3 Years7.25%7.75%
    Above 3 Years and upto 5 Years6.50%7.15%
    Above 5 Years and upto 10 Years6.50%7.50%
    Above 10 years (MACT/MACAD Court Order schemes only)6.25%6.75%
    399 Days (Baroda Tiranga Plus Deposit Scheme)7.15%7.65%

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  7. Canara Bank Fixed Deposit Interest Rates

    Canara Bank is a major public sector bank offering personal and corporate banking solutions across India. Below is the list of current FD interest rates offered by Canara Bank: 

    TENUREREGULAR RATES
    Current Rates
    SENIOR CITIZEN
    7 days to 45 days*4.00%4.00%
    46 days to 90 days5.25%5.25%
    91 days to 179 days5.50%5.50%
    180 days to 269 days6.15%6.65%
    270 days to less than 1 year6.25%6.75%
    1 year6.85%7.35%
    444 days7.25%7.75%
    Above 1 year to less than 2 years6.85%7.35%
    2 years to less than 3 years6.85%7.35%
    3 years to less than 5 years6.80%7.30%
    5 years to 10 years6.70%7.20%

  8. Kotak Mahindra Bank FD Interest Rates

    Kotak Mahindra Bank is a leading private-sector bank known for its focus on investment banking and wealth management. It offers a wide range of banking products and services. Below is the list of current FD interest rates offered by Kotak Mahindra Bank: 

    TENUREREGULAR RATES
    Current Rates
    SENIOR CITIZEN
    7 – 14 days2.75%3.25%
    15 – 30 days3.00%3.50%
    31 – 45 days3.25%3.75%
    46 – 90 days3.50%4.00%
    91 – 120 days4.00%4.50%
    121 – 179 days4.25%4.75%
    180 days7.00%7.50%
    181 days to 269 days6.00%6.50%
    270 days6.00%6.50%
    271 days to 363 days6.00%6.50%
    364 days6.50%7.00%
    365 days to 389 days7.10%7.60%
    390 days (12 months 24 days)7.40%7.90%
    391 days to less than 23 months7.40%7.90%
    23 months7.30%7.85%
    23 months 1 day to less than 2 years7.30%7.85%
    2 years to less than 3 years7.15%7.65%
    3 years to less than 4 years7.00%7.60%
    4 years to less than 5 years7.00%7.60%
    5 years to 10 years6.20%6.70%

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  9. YES Bank Fixed Deposit Interest Rates

    Yes Bank is a private sector bank offering personal and corporate banking services. Below is the list of current FD interest rates offered by YES Bank Fixed Deposit: 

    TENUREREGULAR RATES
    Current Rates
    SENIOR CITIZEN
    7 days to 14 days3.25%3.75%
    15 days to 45 days3.70%4.20%
    46 days to 90 days4.10%4.60%
    91 days to 120 days4.75%5.25%
    121 days to 180 days5.00%5.50%
    181 days to 271 days6.10%6.60%
    272 days to less than 1 year6.35%6.85%
    1 year7.25%7.75%
    1 year 1 day to less than 18 months7.50%8.00%
    18 months to less than 24 months7.75%8.25%
    24 months to less than 36 months7.25%7.75%
    36 months to less than 60 months7.25%8.00%
    60 months7.25%8.00%
    60 months 1 day to 120 months7.00%7.75%

  10. IDFC Bank Fixed Deposit Interest Rates

    IDFC FIRST Bank is a private sector bank formed by the merger of IDFC Bank and FIRST Bank. It offers a range of banking products, including accounts, loans, and investment products. Below is the list of current FD interest rates offered by IDFC Fixed Deposit:

    TENUREREGULAR RATES
    Current Rates
    SENIOR CITIZEN
    7 to 14 days3.00%3.50%
    15 to 29 days3.00%3.50%
    30 to 45 days3.00%3.50%
    46 to 90 days4.50%5.00%
    91 to 180 days4.50%5.00%
    181 days to less than 1 year5.75%6.25%
    1 year6.50%7.00%
    1 year 1 day to 499 days7.50%8.00%
    500 days8.00%8.50%
    501 days to 548 days7.50%8.00%
    549 days to 2 years7.75%8.25%
    2 years 1 day to 3 years7.25%7.75%
    3 years 1 day to 5 years7.00%7.50%
    5 years 1 day to 10 years7.00%7.50%

  11. IndusInd Bank Fixed Deposit Interest Rates

    IndusInd Bank is a private-sector bank known for its focus on consumer banking and wealth management and it offers accounts, loans, credit cards, and investment products. Below is the list of current FD interest rates offered by IndusInd Bank Fixed Deposit:

    TENUREREGULAR RATES
    Current Rates
    SENIOR CITIZEN
    7 days to 14 days3.50%4.00%
    15 days to 30 days3.50%4.00%
    31 days to 45 days3.75%4.25%
    46 days to 60 days4.75%5.25%
    61 days to 90 days4.75%5.25%
    91 days to 120 days4.75%5.25%
    121 days to 180 days5.00%5.50%
    181 days to 210 days5.85%6.35%
    211 days to 269 days6.10%6.60%
    270 days to 354 days6.35%6.85%
    355 days or 364 days6.50%7.00%
    1 Year to below 1 Year 6 Months7.75%8.25%
    1 Year 6 Months to below 1 Year 7 Months7.75%8.25%
    1 Year 7 Months up to 2 Years7.75%8.25%
    Above 2 Years up to 2 Years 1 Month7.25%7.75%
    Above 2 Years 1 Month to below 2 years 6 Months7.25%7.75%
    2 years 6 Months to below 2 years 9 Months7.25%7.75%
    2 years 9 Months to 3 years 3 months7.25%7.75%
    Above 3 years 3 months to below 61 month7.25%7.75%
    61 month and above7.00%7.50%

  12. Indian Bank Fixed Deposit Interest Rates

    It is a public sector bank with a strong presence that offers a variety of personal and corporate banking solutions. Below is the list of current FD interest rates offered by Indian Bank Fixed Deposit:

    TENUREREGULAR RATES
    Current Rates
    SENIOR CITIZEN
    7 days to 14 days2.80%2.80%
    15 days to 29 days2.80%3.30%
    30 days to 45 days3.00%3.50%
    46 days to 90 days3.25%3.75%
    91 days to 120 days3.50%4.00%
    121 days to 180 days3.85%4.35%
    181 days to less than 9 months4.50%5.00%
    9 months to less than 1 year4.75%5.25%
    1 year6.10%6.60%
    Above 1 year to less than 2 years6.30%6.80%
    2 years to less than 3 years6.70%7.20%
    3 years to less than 5 years6.25%6.75%
    5 years6.25%6.75%
    Above 5 years6.10%6.85%

  13. Union Bank of India Fixed Deposit Interest Rates

    It is a public sector bank offering a wide range of banking products and services across India. Below is the list of current FD interest rates offered by Union Bank of India Fixed Deposit: 

    TENUREREGULAR RATES
    Current Rates
    SENIOR CITIZEN
    7 days to 14 days3.50%4.00%
    15 days to 30 days3.50%4.00%
    31 days to 45 days3.50%4.00%
    46 days to 90 days4.50%5.00%
    91 days to 120 days4.80%5.30%
    121 days to 180 days4.90%5.40%
    181 days to less than 1 year5.75%6.25%
    1 year6.75%7.25%
    Above 1 year to 398 days6.75%7.25%
    399 days7.25%7.75%
    400 days to 2 years6.50%7.00%
    Above 2 years to 3 years6.50%7.00%
    Above 3 years to 5 years6.50%7.00%
    Above 5 years to 10 years6.50%7.00%

  14. Bank of India (BOI)

    It is a public sector bank with a global presence. Provides a variety of personal and corporate banking solutions. Below is the list of current FD interest rates offered by Bank of India (BOI) Fixed Deposit:

    TENUREREGULAR RATES
    Current Rates
    SENIOR CITIZEN
    7 days to 14 days3.00%3.00%
    15 days to 30 days3.00%3.00%
    31 days to 45 days3.00%3.00%
    46 days to 90 days4.50%4.50%
    91 days to 179 days (except 175 days)4.50%4.50%
    175 days4.50%4.50%
    180 days to 210 days5.50%6.00%
    211 days to 269 days5.50%6.00%
    270 days to less than 1 year5.75%6.25%
    1 year6.50%7.00%
    Above 1 year to less than 2 years6.50%7.00%
    2 years7.25%7.75%
    Above 2 years to less than 3 years6.75%7.25%
    3 years to less than 5 years6.50%7.25%
    5 years to less than 8 years6.00%6.75%
    8 years to 10 years6.00%6.75%

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Bank of Ceylon FD Interest Rates

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Dakshin Bihar Gramin Bank FD Interest Rates

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HSBC FD Interest Rates

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ICICI Bank FD Interest Rates

ICICI Bank FD Interest Rates

IDBI Bank FD Interest Rates

IDBI Bank FD Interest Rates

IDFC First Bank FD Interest Rates

IDFC First Bank FD Interest Rates

Indian Bank FD Interest Rates

Indian Bank FD Interest Rates

Indian Overseas Bank FD Interest Rates

Indian Overseas Bank FD Interest Rates

IndusInd Bank FD Interest Rates

IndusInd Bank FD Interest Rates

Jana Small Finance Bank FD Interest Rates

Jana Small Finance Bank FD Interest Rates

Karnataka Bank FD Interest Rates

Karnataka Bank FD Interest Rates

Kerala Gramin Bank FD Interest Rates

Kerala Gramin Bank FD Interest Rates

Kotak Mahindra Bank FD Interest Rates

Kotak Mahindra Bank FD Interest Rates

Lakshmi Vilas Bank FD Interest Rates

Lakshmi Vilas Bank FD Interest Rates

Muthoot Capital

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Nainital Bank FD Interest Rates

Nainital Bank FD Interest Rates

Odisha Gramya Bank FD Interest Rates

Odisha Gramya Bank FD Interest Rates

Paschim Banga Gramin Bank FD Interest Rates

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Paytm Payments Bank FD Interest Rates

Paytm Payments Bank FD Interest Rates

PNB FD Interest Rates

PNB FD Interest Rates

Prathama UP Gramin Bank FD Interest Rates

Prathama UP Gramin Bank FD Interest Rates

RBL Bank FD Rates

RBL Bank FD Rates

Saurashtra Gramin Bank FD Interest Rates

Saurashtra Gramin Bank FD Interest Rates

SBI FD Interest Rates

SBI FD Interest Rates

Shriram Finance FD Interest Rates

Shriram Finance FD Interest Rates

State Bank of Hyderabad FD Interest Rates

State Bank of Hyderabad FD Interest Rates

State Bank of Mysore FD Interest Rates

State Bank of Mysore FD Interest Rates

State Bank of Travancore FD Interest Rates

State Bank of Travancore FD Interest Rates

Syndicate Bank FD Interest Rates

Syndicate Bank FD Interest Rates

Tamil Nadu Grama Bank FD Interest Rates

Tamil Nadu Grama Bank FD Interest Rates

Telangana Grameena Bank FD Interest Rates

Telangana Grameena Bank FD Interest Rates

Tripura Gramin Bank FD Interest Rates

Tripura Gramin Bank FD Interest Rates

UCO Bank FD Interest Rates

UCO Bank FD Interest Rates

Ujjivan Small Finance Bank FD Interest Rates

Ujjivan Small Finance Bank FD Interest Rates

Union Bank of India FD Interest Rates

Union Bank of India FD Interest Rates

Uttar Bihar Gramin Bank FD Interest Rates

Uttar Bihar Gramin Bank FD Interest Rates

Uttarakhand Gramin Bank FD Interest Rates

Uttarakhand Gramin Bank FD Interest Rates

Vijaya Bank FD Interest Rates

Vijaya Bank FD Interest Rates

Yes Bank FD Interest Rates

Yes Bank FD Interest Rates

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FAQs

  • Which Bank gives the highest rate of interest on FD?

    Following is the list of highest FD rates bank in India in 2024 for general and senior citizens:
    Bank Name FD Interest Rates for General Citizens (in % p.a.) FD Interest Rates for Senior Citizens (in % p.a.)
    Unity Small Finance Bank 4.50% - 9.00% 4.50% - 9.50%
    Canara Bank 4.00% - 7.25% 4.00% - 7.75%
    Utkarsh Small Finance Bank 4.00% - 8.50% 4.60% - 9.10%
    IndusInd Bank 3.50% - 7.50% 4.25% - 8.25%
    Punjab National Bank 3.50% - 7.25% 4.00% - 7.75%
    YES Bank 3.25% - 7.75% 3.75% - 8.25%
    Union Bank of India 3.00% - 7.25% 3.50% - 7.75%
    HDFC Bank 3.00% - 7.20% 3.50% - 7.70%
    ICICI Bank 3.00% - 7.10% 3.50% - 7.65%
    SBI Bank 3.00% - 7.10% 3.50% - 7.60%
  • Who is offering the highest interest rate for fixed deposits?

    The following financial institutions are offering the highest interest rate for Fixed Deposit in India in 2024:
    • Unity Small Finance Bank

    • Suryoday Small Finance Bank

    • IDFC First Bank

    • Aditya Birla Capital

    • Punjab National Bank (PNB)

  • Which is the highest FD rate bank in the public sector in 2024?

    The following list shows which Bank has the highest interest rate for Fixed Deposits in the public sector in 2024:

    Name of Public Sector Bank
    Highest
    FD Interest Rate
    (in % p.a.)
    1-year
    FD Rates
    (in % p.a.)
    3-year
    FD Rates
    (in % p.a.)
    5-year
    FD Rates
    (in % p.a.)
    Additional
    Interest Rate
    for Senior Citizens
    (in % p.a.)
    Punjab & Sind Bank 7.40% 6.20% 6.00% 6.00% 0.50%
    Punjab National Bank 7.25% 6.75% 7.00% 6.50% 0.50%
    Bank of Baroda 7.25% 6.85% 7.25% 6.50% 0.50-1.00%
    State Bank of India 7.10% 6.80% 6.80% 6.80% 0.50%
  • Which private sector bank has the highest FD interest rates in 2024?

    The following list shows which Bank gives highest interest rate on Fixed Deposit in India among the private sector banks:

    Banks
    Highest
    FD rate
    (% p.a.)
    1-year
    FD rate
    (% p.a.)
    3-year
    FD rate
    (% p.a.)
    5-year
    FD rate
    (% p.a.)
    Additional
    interest rate
    for senior citizens
    (% p.a.)
    Bandhan Bank 7.85% 7.25% 7.25% 5.85% 0.50% - 0.75%
    ICICI Bank 7.10% 6.70% 6.70% 6.70% 0.50%
    Induslnd Bank 7.85% 7.50% 7.25% 7.25% 0.40% - 0.75%
    IDFC First Bank 7.75% 6.50% 7.25% 7.00% 0.50%
    YES Bank 7.75% 7.25% 7.25% 7.25% 0.50% - 0.75%
  • Which is the highest interest-rate bank in 2024?

    The following are the highest FD rates banks in 2024 in India:
    Bank Name FD Interest Rates for General Citizens (in % p.a.) FD Interest Rates for Senior Citizens (in % p.a.)
    Unity Small Finance Bank 4.50% - 9.00% 4.50% - 9.50%
    Bank of Baroda 4.25% - 7.25% 4.75% - 7.75%
    Suryoday Small Finance Bank 4.00% - 8.65% 4.50% - 9.10%
    Utkarsh Small Finance Bank 4.00% - 8.50% 4.60% - 9.10%
    Ujjivan Small Finance Bank 3.75% - 8.25% 4.25% - 8.75%
    IndusInd Bank 3.50% - 7.50% 4.25% - 8.25%
    Punjab National Bank 3.50% - 7.25% 4.00% - 7.75%
    Equitas Small Finance Bank 3.50% - 8.50% 3.50% - 8.77%
    HDFC Bank 3.00% - 7.20% 3.50% - 7.70%
    ICICI Bank 3.00% - 7.10% 3.50% - 7.65%
    SBI Bank 3.00% - 7.10% 3.50% - 7.60%
    Fincare Small Finance Bank 3.00% - 8.61% 3.60% - 9.21%
    Jana Small Finance Bank 3.00% - 8.50%  3.50% - 9.00%
    Indian Bank 2.80% - 7.25% 3.30% - 7.75%
  • How do you get 7% interest on FD?

    You can follow the ways mentioned below to get 7% p.a. on a fixed deposit (FD) in India:
    • Specific tenures: Several banks offer 7% interest for specific tenures.

    • Senior citizens: Senior citizens often get 0.50% - 0.75% p.a. higher interest rates.

    • Small Finance Banks (SFBs) and Non-Banking Financial Companies (NBFCs): These institutions often offer higher interest rates compared to traditional banks.

    • Special schemes: Banks occasionally offer special schemes with higher interest rates for limited periods.

  • Who would you consider the best interest rate bank for fixed deposits?

    The following are the 5 best interest rates banks for fixed deposit in India in 2024:
    • HDFC Bank

    • SBI Bank

    • Axis Bank

    • PNB Bank

    • Yes Bank

    • ICICI Bank

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* Applicable for Titanium variant of Max Life Smart Fixed-return Digital (Premium payment of 5 years, Policy term of 10 years) and a healthy male of 18 years old paying Rs. 20,000/- monthly (exclusive of all applicable taxes)
** Fixed deposit rate applicable for 5 year's 1 day to 10 years for investment amount less< 2 Crore ( Not for senior citizens)
*** PPF interest rate applicable for 15 years for investment amount upto 1.5 Lac
+ Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
#Discount offered by insurance company
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

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