The article discusses the best fixed deposit (FD) rates offered by various banks in India, including small finance banks, private banks, and government banks. It highlights that small finance banks are often offering higher returns on FDs than private and government banks, making them a popular choice for risk-averse investors. The article provides a table listing the best FD rates offered by various banks, including small finance banks, private banks, and government banks.
The table shows that small finance banks such as Northeast Small Finance Bank, Unity Small Finance Bank, and Utkarsh Small Finance Bank are offering interest rates ranging from 8.25% to 9.5% per annum on FDs with tenures ranging from 546 days to 1111 days. Private banks such as Axis Bank, Bandhan Bank, and ICICI Bank are offering interest rates ranging from 7.25% to 7.9% per annum on FDs with tenures ranging from 12 months to 55 months.
Government banks such as Bank of Baroda, Bank of India, and State Bank of India are offering interest rates ranging from 7.25% to 7.8% per annum on FDs with tenures ranging from 400 days to 1111 days. The article also notes that banks keep changing their rates from time to time, and investors are advised to check the exact interest rate and terms from the official website or branch of the concerned bank before investing in an FD scheme.
Overall, the article provides a useful resource for individuals looking to earn a stable return on their investments by placing their money in a fixed deposit account with a bank.