Best FD Rates in May: Which banks or financial institutions are offering the best FD rates?

Bank FD New Interest Rates 2024: The scenario has changed in recent years, with small finance banks (SFBs) and non-banking financial companies (NBFCs) emerging as the new leaders offering the highest FD interest rates. Let us know which banks or financial institutions are offering the best FD rates?

Bank FD New Interest Rates 2024: Fixed Deposit (FD) remains a popular investment option for Indians looking for safe and predictable returns on their savings. While traditional bank FDs have long been the preferred option, the landscape has changed in recent years, with small finance banks (SFBs) and non-banking financial companies (NBFCs) emerging as new leaders offering the highest FD interest rates. Have been.

Which banks or financial institutions are offering the best FD rates?

Small Finance Banks

• AU Small Finance Bank is offering fixed deposit interest rates between 6.50 percent to 8.00 percent per annum with tenure ranging from 1 year to 5 years.
• Equitas Small Finance Bank is offering fixed deposit interest rates between 7.25 percent to 8.50 percent per annum with tenure ranging from 1 year to 5 years.
• ESAF Small Finance Bank is offering fixed deposit interest rates between 6.00 percent to 8.25 percent per annum for tenures ranging from 1 year to 5 years.
• Jana Small Finance Bank is offering fixed deposit interest rates between 7.25 percent to 8.50 percent per annum with tenure ranging from 1 year to 5 years.
• NorthEast Small Finance Bank is offering fixed deposit interest rates between 6.25 percent to 8.50 percent per annum, with tenure ranging from 1 year to 5 years.

Private Sector Banks

• Axis Bank is offering fixed deposit interest rates between 6.70 percent to 7.20 percent per annum, with tenure ranging from 1 year to 5 years.
• Bandhan Bank is offering fixed deposit interest rates between 5.85 percent to 7.85 percent per annum, with tenure ranging from 1 year to 5 years.
• City Union Bank is offering fixed deposit interest rates between 6.25 percent to 7.00 percent per annum with tenure ranging from 1 year to 5 years.
• CSB Bank is offering fixed deposit interest rates ranging between 5.00 percent to 7.75 percent per annum, with tenures ranging from 1 year to 5 years.
• DBS Bank is offering fixed deposit interest rates between 6.50 percent to 7.50 percent per annum, with tenure ranging from 1 year to 5 years.

Public Sector Bank

• Bank of Baroda is offering fixed deposit interest rates between 6.85 percent to 7.25 percent per annum, with tenure ranging from 1 year to 5 years.
• Bank of India is offering fixed deposit interest rates between 6.00 percent to 7.25 percent per annum with tenure ranging from 1 year to 5 years.
• Canara Bank is offering fixed deposit interest rates between 6.80 percent to 7.25 percent per annum, with tenure ranging from 1 year to 5 years.
• Central Bank of India is offering fixed deposit interest rates between 6.25 percent to 7.25 percent per annum for tenures ranging from 1 year to 5 years.
• Indian Overseas Bank is offering fixed deposit interest rates between 6.50 percent to 7.30 percent per annum for tenures ranging from 1 year to 5 years.