Looking to book an FD? Check which banks are offering the highest rates in January

FD rates in January

• Small finance banks offer FD rates up to 8%, higher than other banks.
• Private banks offer FDs up to 7.2%, public banks up to 6.7%
• Comparing FD rates across banks is crucial before making investment decisions

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Fixed deposit rates remain competitive across banks, with small finance banks offering up to 8 percent interest, while private sector lenders are topping out at around 7.2 percent. Public sector banks are offering rates of up to 6.7 percent, while foreign banks offer up to 7 percent on select tenures. For depositors, the gap across bank categories underscores the importance of comparing rates before locking in funds. Have a look at the interest rates by different banks before making investment decisions.

Small Finance Banks

Jana Small Finance Bank is offering fixed deposit interest rates of up to 7.77 percent per annum, for deposit tenures between 1 year and 5 years.

slice Small Finance Bank is offering fixed deposit interest rates of up to 7.75 percent per annum, for deposit tenures between 1 year and 5 years.

ESAF Small Finance Bank is offering fixed deposit interest rates of up to 7.60 per cent per annum across tenures of 1 to 5 years.

Shivalik Small Finance Bank is offering fixed deposit interest rates of up to 7.50 percent per annum, with tenures ranging from 1 year to 5 years.

Ujjivan Small Finance Bank is offering fixed deposit interest rates of up to 7.45 percent per annum, for tenures ranging between 1 year and 5 years.

Equitas Small Finance Bank is offering fixed deposit interest rates of up to 7.30 percent per annum for deposit tenures ranging from 1 year to 5 years.

Here is a list curated on FD rates offered by Small Finance Banks, according to Paisabazaar.com

Private sector Bank

Bandhan Bank is offering fixed deposit interest rates of up to 7.20 percent per annum, for deposit tenures between 1 year and 5 years.

RBL Bank is offering fixed deposit interest rates of up to 7.20 percent per annum, for deposit tenures ranging from 1 year to 5 years.

DCB Bank is offering fixed deposit interest rates of up to 7.15 percent per annum, across deposit tenures between 1 year and 5 years.

SBM Bank India is offering fixed deposit interest rates of up to 7.10 percent per annum, for deposit tenures between 1 year and 5 years.

IDFC First Bank is offering fixed deposit interest rates of up to 7.00 percent per annum, for deposit tenures ranging from 1 year to 5 years.

IndusInd Bank is offering fixed deposit interest rates of up to 7.00 percent per annum, across deposit tenures between 1 year and 5 years.

Here is a list curated on FD rates offered by Private Sector Banks, according to Paisabazaar.com

Public Sector Bank

Bank of India is offering fixed deposit interest rates of up to 6.70 percent per annum, for deposit tenures between 1 year and 5 years.

Bank of Maharashtra is offering fixed deposit interest rates of up to 6.65 percent per annum, for deposit tenures ranging from 1 year to 5 years.

Indian Overseas Bank is offering fixed deposit interest rates of up to 6.60 percent per annum, across deposit tenures between 1 year and 5 years.

Punjab & Sind Bank is offering fixed deposit interest rates of up to 6.60 percent per annum, for deposit tenures between 1 year and 5 years.

Canara Bank is offering fixed deposit interest rates of up to 6.50 percent per annum, across deposit tenures between 1 year and 5 years.

Central Bank of India is offering fixed deposit interest rates of up to 6.50 percent per annum, for deposit tenures ranging from 1 year to 5 years.

Here is a list curated on FD rates offered by Public Sector Bank, according to Paisabazaar.com

Foreign Banks

Deutsche Bank is offering fixed deposit interest rates of up to 7.00 percent per annum, for deposit tenures between 1 year and 5 years.

Standard Chartered Bank is offering fixed deposit interest rates of up to 6.60 percent per annum, for deposit tenures ranging from 1 year to 5 years.

Here is a list curated on FD rates offered by Foreign Banks, according to Paisabazaar.com