These 18 banks offer more than 7% interest rate on 1-year FDs Some of these banks include Kotak Mahindra Bank, Fincare Small Finance Bank, Indusind Bank among other banks. Check here to know more
Over the past two years, banks have been increasing the interest rates on fixed deposits (FDs). FD investors who were stuck with decadal low interest rates now are seeing interest rates as high as over 9%.Here is a look at banks (private, public and small finance banks) that are offering more than 7% interest rates on one-year FDs.
Bank Name1-year FD interest rate (%)Bandhan Bank7.25DCB Bank7.15IndusInd Bank7.5Jammu & Kashmir Bank7.1Karur Vysya Bank7Kotak Mahindra Bank7.1RBL Bank7SBM Bank India7.05Tamilnad Mercantile Bank7Deutsche Bank7Standard Chartered Bank7.15Capital Small Finance Bank7.5Equitas Small Finance Bank8.2Fincare Small Finance Bank7.65Jana Small Finance Bank8Ujjivan Small Finance Bank8.25Unity Small Finance Bank7.35Utkarsh Small Finance Bank8Source: Paisabazaar.com. All data as of November 8, 2023.
Standard Chartered Bank one year FD rate
Standard Chartered Bank is offering an interest rate of 7.15% on a FD of one year tenure.
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Deutsche Bank one year FD rate
Deutsche Bank is offering an interest rate of 7 % on a FD of one year tenure.
Tamilnad Mercantile Bank (TMB) one year FD rate
Tamilnad Mercantile Bank (TMB) is offering an interest rate of 7 % on a FD of one year tenure.
State Bank of Mauritius (SBM) India one year FD rate
State Bank of Mauritius (SBM) India is offering an interest rate of 7.05% for an FD of one year tenure.
Ratnakar Bank Limited (RBL) one year FD rate
RBL is offering an interest rate of 7% for an FD of one year tenure.
Karur Vysya Bank (KVB) one year FD rate
Karur Vysya Bank is offering an interest rate of 7% for an FD of one year tenure.
Jammu & Kashmir Bank one year FD rate
Jammu and Kashmir Bank is offering an interest rate of 7.10% for a one year tenure FD.
Indusind Bank one year FD rate
Indusind Bank is offering a 7.5% interest rate on a one-year tenure FD.
Development Credit Bank (DCB) one year FD rate
Development Credit Bank (DCB) is offering 7.15% interest rate on a one-year tenure FD.
Bandhan Bank one year FD rate
Bandhan Bank is offering a 7.25% interest rate on a one-year tenure FD.
Capital Small Finance Bank one year FD rate
Capital small finance bank is offering an interest rate of 7.5% on a FD of one year tenure.
Equitas Small Finance Bank one year FD rate
Equitas small finance bank is offering an interest rate of 8.2% on an FD of one year tenure.
Fincare Small Finance Bank one year FD rate
Fincare small finance bank, is offering an interest rate of 7.65% on an FD of one year tenure.
Jana Small Finance Bank one year FD rate
Jana small finance bank is offering an 8% interest rate on an FD of one year tenure.
Ujjivan Small Finance Bank one year FD rate
Ujjivan small finance bank is offering 8.25% interest rate on an FD of one year tenure.
Unity Small Finance Bank one year FD rate
Unity small finance bank is offering 7.35% interest on an FD of one year tenure.
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This story originally appeared on: India Times - Author:Faqs of Insurances
