Which banks are giving the highest fixed deposit (FD) interest rates? Check here

livemint.com:

DCB Bank offers the best FD interest rates, and among public sector banks, Punjab & Sind Bank is giving the best returns on term deposits. Senior citizens usually get an additional interest rate of 50 bps or more over the regular fixed deposit rates. For regular consumers, it offers interest rates between 4.5% to 9%.

Senior citizens get an interest rate ranging from 4.5% to 9.5% on deposits maturing in seven days to ten years. The deposit interest rate stands revised from 9 October 2023. The highest interest rate of 9% is offered on a tenure of 1001 days.

Suryoday Small Finance Bank provides fixed deposit interest rates between 4% to 8.6% to general customers on deposits maturing in seven days to ten years. Senior Citizens will get an interest rate ranging from 4.5% to 9.1% on deposits maturing in seven days to ten years. The highest interest rate of 8.60% is offered for above 2 years to 3 years These rates are applicable from 7 August 2023.

DCB Bank offers 3.75% to 7.9% to general customers, and 4.25% to 8.50% to senior citizens. These rates are effective from 27 September 2023. While general customers get an interest of 3.50% to 7.80% on fixed deposits, senior citizens get between 4% and 8.30% on term deposits.

These rates are with effect from 16 October 2023 IDFC First Bank offers interest rates between 3.50% and 7.75% on fixed deposits for general customers. On the other hand, for senior citizens, the bank offers interest rates of 4 to 8.25%. The highest interest rate of 7.75% is offered on deposits maturing in 549 days to two years General customers get an interest of 2.8% to 7.40%.