Bank FD Scheme : Nowadays, many people are investing their money in Fixed Deposit (FD) schemes because they offer guaranteed returns and ensure complete safety of the invested amount. Through fixed deposits, you can not only keep your money safe but also earn attractive returns over time.
If you’re also planning to invest your savings for high and secure returns, this news is for you. Several major public and private sector banks in India are currently offering bumper interest rates, going as high as 9%. Let’s take a look at which banks are offering what percentage of interest and for what duration.
Bank FD Scheme: Earn Up to 9% Interest in These 10 Banks
Fixed deposits are among the most trusted investment options for Indians. Many people prefer to invest their savings in FDs to earn a steady and risk-free income. If you too are planning to invest, here’s a list of top banks offering the highest FD rates.
Some of these banks are offering interest rates close to 9%, making them extremely attractive for both general and senior citizen customers.
1. SBM Bank FD Scheme
SBM Bank is currently offering one of the highest FD interest rates in India.
- For general customers : 8.25% interest on FDs ranging from 3 years 2 days to less than 5 years.
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For senior citizens : 8.75% interest on the same tenure.
2. Bandhan Bank FD Scheme
Bandhan Bank comes second on the list.
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It offers 8% interest to general customers and 8.5% to senior citizens for a 600-day FD scheme.
3. DCB Bank FD Scheme
DCB Bank also offers attractive returns.
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For a 36-month FD, the bank provides 8% to general customers and 8.5% to senior citizens.
4. Deutsche Bank FD Scheme
Deutsche Bank has designed excellent FD options for its customers.
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On FDs of more than 2 years and up to 3 years, both general and senior citizen customers receive 7.75% interest.
5. Yes Bank Fixed Deposit Scheme
Yes Bank is also offering high returns on its FD schemes.
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For FDs between 18 months and 36 months,
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General customers get 7.75% interest.
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Senior citizens get 8.25% interest.
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6. RBL Bank FD Scheme
RBL Bank provides attractive FD interest rates as well.
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For FDs between 24 months and less than 36 months,
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General customers get 7.5%,
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Senior citizens get 8% interest.
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7. IDFC First Bank FD Scheme
IDFC First Bank is also among the top banks offering high FD returns.
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For FDs ranging from 1 year 1 day to 550 days,
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General customers earn 7.5%,
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Senior citizens earn 8% interest.
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8. IndusInd Bank FD Scheme
IndusInd Bank is offering competitive interest rates as well.
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For FDs between 2 years 9 months and 3 years 3 months,
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General customers earn 7.5%,
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Senior citizens earn 8% interest.
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9. Karur Vysya Bank FD Scheme
Karur Vysya Bank is offering special returns on a 444-day FD scheme.
- General customers get 7.5%,
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Senior citizens get 8% interest.
10. SBI FD Scheme
State Bank of India (SBI), the largest public sector bank in India, is also offering attractive FD rates.
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For a 444-day FD,
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General customers receive 7.25%,
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Senior citizens receive 7.75% interest.
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Conclusion
Fixed Deposit schemes remain one of the safest and most reliable investment options in India. With several banks offering up to 9% interest, both regular and senior citizen investors can benefit from stable and risk-free returns.
If you’re looking for a secure way to grow your savings, consider investing in an FD scheme from one of these banks based on your financial goals and investment horizon.