FD Rates: Recently several banks in the country are offering interest rates of around 10 percent on Fixed Deposits (FD).

Table of Contents

Highlights

The Reserve Bank of India (RBI) has hiked the repo rate several times.
As a result, banks have increased the interest rates on the FDs they offer.
Many banks are currently offering interest rates close to 10 percent on FDs.

The country’s premier bank, the Reserve Bank of India (RBI) has hiked the repo rate several times in recent times. As a result banks in the country have also increased the interest rates on the fixed deposits (FDs) they offer. Currently several banks in the country are offering interest rates close to 10 percent. By investing in Fixed Deposit (FD) during this time you can easily get good returns.

During this period, all public and private banks in the country, including State Bank of India (SBI) and Punjab National Bank (PNB), have increased the interest rates they offer on fixed deposits (FDs). Let’s find out which fixed deposit (APD) scheme of any bank will get you an interest rate of around 10 percent.

FD Rates: Almost 10 percent interest in FD- Breaking all records! Which banks are giving opportunities?

Suryoday Small Finance Bank (FD Rate 9.60 percent)

Suryodaya Small Finance Bank has recently increased interest rates on fixed deposits (FDs) below Rs 2 crore. New interest rates applicable on Fixed Deposits (FDs) effective from 5 May 2023. Suryoday Small Finance Bank is now offering interest rates of 4.00 percent to 9.60 percent for fixed deposits (FDs) of 7 days to 10 years.

Unity Small Finance Bank (FD Rate 9.50 percent)

Unity Small Finance Bank has increased interest rates on fixed deposit (FD) schemes below Rs 2 crore. New interest rates applicable to Fixed Deposits (FDs) have come into effect from 2nd May 2023. The bank is now offering interest rates ranging from 4.50 percent to 9.50 percent for fixed deposits (FDs) of 7 days to 10 years. The bank is offering a maximum interest rate of 9.50 percent for a fixed deposit tenure of 1001 days.

Equitas Small Finance Bank (FD Rate 9.00 percent)

Equitas Small Finance Bank offers great interest rates on fixed deposits (FDs) below Rs 2 crore. New interest rates applicable on Fixed Deposits (FDs) have come into effect from 11 April 2023. The general public will get interest rates between 3.50 percent and 9.00 percent on Fixed Deposits (FDs) with tenors of 7 days to 10 years.

State Bank of India (SBI) Fixed Deposit (FD) Rate:

After the Reserve Bank of India (RBI) hiked the repo rate, the country’s largest public sector bank State Bank of India (SBI) has also hiked the fixed deposit (FD) rates offered by the country. According to the State Bank of India (SBI) website, regular customers are getting 6.5 percent annual interest on FDs between 5 years and 10 years. At the same time the bank is offering 7.5 percent annual interest to senior citizens.

Punjab National Bank (PNB) Fixed Deposit (FD) Rate:

Punjab National Bank (PNB) has hiked interest rates. Currently the bank is offering interest rates of 6.00 percent to 7.00 percent on fixed deposits (FDs) of 7 days to 10 years. The bank is offering a maximum interest rate of 7.00 percent for a fixed deposit (FD) tenure of 1 year. According to the official website of Punjab National Bank (PNB), the new FD rates are effective from 4th May 2023

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FD Rates: Almost 10 percent interest in FD- Breaking all records! Which banks are giving opportunities?