10 Indian Banks Offering FDs With Over 8% Interest Rates

Jan 20, 2025

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Explore 10 Indian banks offering FD interest rates over 8% in January 2025. Compare rates, tenures, and benefits for the best returns.

10 Indian Banks Offering FDs With Over 8% Interest Rates

10 Indian Banks Offering FDs With Interest Rates Over 8%

Fixed deposits (FDs) continue to be a preferred investment choice for individuals seeking safe and reliable returns. With increasing competition, several Indian banks now offer FD interest rates exceeding 8%, providing an attractive opportunity for investors. Here's a detailed look at the top banks offering such high returns in January 2025.


1. NorthEast Small Finance Bank

  • Interest Rate: 9%
  • Tenure: 546 to 1111 days
    NorthEast Small Finance Bank leads the list with the highest FD rates, catering to medium-term investors.

2. Unity Small Finance Bank

  • Interest Rate: 9%
  • Tenure: 1001 days
    Unity Bank stands out for its competitive rate on a 1001-day fixed deposit.

3. Suryoday Small Finance Bank

  • Interest Rate: 8.60%
  • Tenure: 2 to 3 years
    This bank offers a steady option for those seeking long-term returns.

4. Utkarsh Small Finance Bank

  • Interest Rate: 8.50%
  • Tenure: 2 to 3 years
    Utkarsh is ideal for individuals looking to invest for medium durations with assured returns.

5. Jana Small Finance Bank

  • Interest Rate: 8.25%
  • Tenure: 1 to 3 years
    Jana Bank provides flexible tenures for investors with competitive rates.

6. Equitas Small Finance Bank

  • Interest Rate: 8.25%
  • Tenure: 888 days
    Equitas offers a unique tenure option of 888 days with high returns.

7. Ujjivan Small Finance Bank

  • Interest Rate: 8.25%
  • Tenure: 12 months
    This bank provides short-term investment options with significant returns.

8. SBM Bank India

  • Interest Rate: 8.25%
  • Tenure: Above 18 months to less than 2 years 3 days
    SBM Bank India offers flexibility in tenures while maintaining high interest rates.

9. Bandhan Bank

  • Interest Rate: 8.05%
  • Tenure: 1 year
    Bandhan Bank's 1-year fixed deposit plan is an excellent option for short-term investors.

10. DCB Bank

  • Interest Rate: 8.05%
  • Tenure: 19 to 20 months
    DCB Bank rounds off the list with its attractive medium-term FD scheme.

Key Considerations for FD Investors

  • Compare Tenures: Ensure that the tenure aligns with your financial goals.
  • Senior Citizen Benefits: Many banks offer an additional 0.25% to 0.50% interest for senior citizens.
  • Tax Implications: FDs are taxable, so factor in the post-tax returns before investing.
  • Maximizing Your Returns

    With interest rates exceeding 8%, these FDs offer excellent opportunities for growth. However, diversify your portfolio to mitigate risks and optimize overall returns.

    Stay updated with the latest financial trends and secure your savings wisely.

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