The fixed deposit (FD) is a financial instrument provided by banks or NBFCs which offers investors a higher rate of interest than a regular savings account. The fixed deposit (FD) is one of the most popular investment avenues. The return earned from a bank FD is fixed and known at the time of investing unlike in the case of equity.
Fixed deposits are also called term deposits. This is because money is deposited with a bank for a fixed predetermined time period or term.
Here are the top five banks' fixed deposit interest ratesTenure: 1 year| Bank | Interest rates |
| Ujjivan Small Finance Bank | 7.50% |
| IDFC First Bank | 7.25% |
| RBL Bank | 7.20% |
| Indusind Bank | 7.00% |
| DCB Bank | 6.75% |
| YES Bank | 7.00% and 7.5% for senior citizens |
| Bank | Interest rates |
| Ujjivan Small Finance Bank | 7.50% |
| IDFC First Bank | 7.25% |
| RBL Bank | 7.25% |
| DCB Bank | 7.20% |
| AU Small Finance Bank | 7.00% |
| YES Bank | 7.25% and 7.75% for senior citizens |
| Bank | Interest rates |
| RBL Bank | 7.50% |
| DCB Bank | 7.35% |
| IDFC First Bank | 7.25% |
| AU Small Finance Bank | 7.25% |
| Ujjivan Small Finance Bank | 7.25% |
| YES Bank | 7.00% and 7.5% for senior citizens |
| Bank | Interest rates |
| DCB Bank | 7.35% |
| IDFC First Bank | 7.25% |
| RBL Bank | 7.15% |
| AU Small Finance Bank | 7.00% |
| Ujjivan Small Finance Bank | 6.75% |
| YES Bank | 7.00% and 7.5% for senior citizens |
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
