As high interest rate regime continues in the country, investors are reaping its benefit in the form of higher returns on fixed deposits. For a long time, FDs have been a safe and attractive investment product for customers, particularly senior citizens. Several banks are offering competitive FD rates, particularly benefiting senior citizens with additional interest rates of up to 50 basis points (bps). In this article, we will take a look at top 10 small finance banks providing the highest FD rates, with some offering up to 9.50% for senior citizens.

Here’s a comparison of FD rates for the top 10 banks offering the highest interest rates, including the additional basis points for senior citizens. The rates mentioned in this article are sourced from Paisabazaar.com and are subject to change. Please verify with the respective banks before making any investment decisions.

Unity Small Finance Bank FD rates:

Unity Small Finance Bank leads the pack with an FD rate of 7.85% for a 1-year term, 8.15% for both 3-year and 5-year terms, and a maximum rate of 9% for regular customers. Senior citizens get an additional 50 basis points, bringing the highest rate to 9.50%.

Also read: PPF, NSC, Sukanya Samriddhi, SCSS, Kisan Vikas Patra: Check latest interest rates on these small savings schemes

North East Small Finance Bank FD rates:

North East Small Finance Bank offers a 1-year FD rate of 7%, while its 3-year FD stands out with a rate of 9%. The 5-year term FD is available at 6.25%. Senior citizens are offered an extra 50 bps across all tenures, with the highest FD rate reaching 9.50%.

Suryoday Small Finance Bank FD rates:

Suryoday Small Finance Bank’s 1-year FD rate stands at 6.85%. Its 3-year FD fetches 8.60% and 5-year term deposits get 8.25% interest rates. Senior citizens receive an additional 24 to 50 bps, with the maximum rate at 9.15%.

Shivalik Small Finance Bank FD rates:

Shivalik Small Finance Bank offers a 1-year FD rate of 6%, 7.50% for 3 years, and 6.50% for 5 years. Senior citizens can earn the highest rate of 9.05%.

Equitas Small Finance Bank FD rates:

Equitas Small Finance Bank offers a 1-year FD at 8.20% rate. Its 3-year FD gets 8% and 5-year FD term fetches 7.25%. With an additional 50 bps for senior citizens, the maximum rate reaches 9%.

Utkarsh Small Finance Bank FD rates:

Utkarsh Small Finance Bank offers a 1-year FD rate of 8%, 8.50% for 3 years, and 7.75% for 5 years. Senior citizens receive an additional 60 bps, bringing the highest FD rate to 9.10%.

Jana Small Finance Bank FD rates:

Jana Small Finance Bank provides a 1-year and 3-year FD rate of 8.25%, while the 5-year term is available at 7.25%. Senior citizens get the highest rate reaching 8.75%.

Also read: Senior Citizens Savings Scheme: You can earn Rs 61,500 in interest quarterly by investing in this retirement plan – Here’s how

Ujjivan Small Finance Bank FD rates:

Ujjivan Small Finance Bank provides a 1-year FD rate of 8.25%, 7.20% for 3 years, and 7.20% for 5 years. Senior citizens receive an extra 50 bps with the maximum rate at 8.75%.

RBL Bank FD rates:

RBL Bank provides a 1-year and 3-year FD rate of 7.50%, and a 5-year term at 7.10%. Senior citizens are offered an additional 50 bps, with rates up to 8.60%.

DCB Bank FD rates:

DCB Bank offers a 1-year FD rate of 7.10%, 7.55% for 3 years and 7.40% for 5 years. With an additional 50 bps for senior citizens, the highest FD rate stands at 8.55%.

These banks offer some of the most competitive FD rates, particularly benefiting senior citizens with higher interest rates across various tenures.