Utkarsh Small Finance Bank offers the highest fixed deposit interest rate at 7.25% p.a. for tenures ranging from 700 days to 1000 days. Currently, small finance banks offer higher FD rates than public sector banks and large private sector banks. Among the private sector banks, SBM Bank, IndusInd Bank and RBL Bank offer yields exceeding 6.50% p.a.
Here is the list of best FD rates offered by various banks and NBFCs according to their categories.