FD interest up to 9.5%! Fixed deposit rates revised by these banks across tenors

financialexpress.com:

Banks revise their interest rates on fixed deposits (FDs) or term deposits on a periodic basis for general customers and senior citizens. We will discuss in this article about the best FD rates being offered by 10 small finance banks in the country.

These small finance banks offer senior citizens (aged 60 years and above) fixed deposit rates of up to 9.50% annually on tenures spanning 1 year to 10 years. Banks usually offer up to 80 bps extra interest rates to senior citizens over and above the regular fixed deposit rates. Banks also launch special FD schemes for senior citizens time to time, which offer up to 20-30 bps additional interest rates.

Also Read: Fixed Deposits: Which banks are offering best interest rates on FDs in May 2024?

Here are the top 10 scheduled banks offering the best-fixed deposit rates:

(Source: paisabazaar.com)

Unity Small Finance Bank offers interest rates of up to 9% per annum to its general customers and up to 9.5% per annum to senior citizens. These rates are applicable on tenures ranging from 7 days to 10 years. Unity Small Finance Bank is a scheduled commercial bank, recognised by the Reserve Bank of India. Depositors of the scheduled banks are eligible for deposit insurance provided under the Depositor Insurance and Credit Guarantee Corporation (DICGC).

Suryoday Small Finance Bank offers interest rates of up to 8.65% per annum to general customers and up to 9.15% per annum on fixed deposits to senior citizens on tenures ranging from 7 days to 10 years. The bank is offering an interest rate of 8.25% per annum on tax-saving fixed deposits (FDs) for general customers and 8.75% per annum for senior citizens for tenures of 5 years.

Shivalik Small Finance Bank offers interest rates of up to