FD Rates : After the meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India in August 2024, some banks have increased their fixed deposit (FD) interest rates.
This change has been made to attract customers and provide better returns on their savings. Currently the repo rate is stable at 6.5 percent, and in this situation some banks are offering interest rates up to 9 percent on FD.
Unity Small Finance Bank: This bank is offering interest rates ranging from 7.85 percent to 9 percent for a period of 1 to 5 years.
Northeast Small Finance Bank : This bank offers interest rates ranging from 6.25% to 9.00% for tenures of 1 to 5 years.
Suryoday Small Finance Bank: This bank is offering interest rates ranging from 6.85 per cent to 8.65 per cent for tenures of 1 to 5 years.
Utkarsh Small Finance Bank : This bank is offering interest rates ranging from 7.75% to 8.50% for a tenure of 1 to 5 years.
Equitas Small Finance Bank : This bank is offering interest rates ranging from 7.25 percent to 8.50 percent for a period of 1 to 5 years.
AU Small Finance Bank: This bank offers interest rates ranging from 7.25 percent to 8.00 percent for a period of 1 to 5 years.
