Over the past two years, banks have been increasing the interest rates on fixed deposits (FDs). FD investors who were stuck with decadal low interest rates now are seeing interest rates as high as over 9%.
Here is a look at banks (private, public and small finance banks) that are offering more than 7% interest rates on one-year FDs.
| Bank Name | 1-year FD interest rate (%) |
| Bandhan Bank | 7.25 |
| DCB Bank | 7.15 |
| IndusInd Bank | 7.5 |
| Jammu & Kashmir Bank | 7.1 |
| Karur Vysya Bank | 7 |
| Kotak Mahindra Bank | 7.1 |
| RBL Bank | 7 |
| SBM Bank India | 7.05 |
| Tamilnad Mercantile Bank | 7 |
| Deutsche Bank | 7 |
| Standard Chartered Bank | 7.15 |
| Capital Small Finance Bank | 7.5 |
| Equitas Small Finance Bank | 8.2 |
| Fincare Small Finance Bank | 7.65 |
| Jana Small Finance Bank | 8 |
| Ujjivan Small Finance Bank | 8.25 |
| Unity Small Finance Bank | 7.35 |
| Utkarsh Small Finance Bank | 8 |
Source: Paisabazaar.com. All data as of November 8, 2023.
Standard Chartered Bank one year FD rate
Standard Chartered Bank is offering an interest rate of 7.15% on a FD of one year tenure
Deutsche Bank one year FD rate
Deutsche Bank is offering an interest rate of 7 % on a FD of one year tenure.
Tamilnad Mercantile Bank (TMB) one year FD rate
Tamilnad Mercantile Bank (TMB) is offering an interest rate of 7 % on a FD of one year tenure.
State Bank of Mauritius (SBM) India one year FD rate
State Bank of Mauritius (SBM) India is offering an interest rate of 7.05% for an FD of one year tenure.
Ratnakar Bank Limited (RBL) one year FD rate
RBL is offering an interest rate of 7% for an FD of one year tenure.
Karur Vysya Bank (KVB) one year FD rate
Karur Vysya Bank is offering an interest rate of 7% for an FD of one year tenure.
Jammu & Kashmir Bank one year FD rate
Jammu and Kashmir Bank is offering an interest rate of 7.10% for a one year tenure FD.
Indusind Bank one year FD rate
Indusind Bank is offering a 7.5% interest rate on a one-year tenure FD.
Development Credit Bank (DCB) one year FD rate
Development Credit Bank (DCB) is offering 7.15% interest rate on a one-year tenure FD.
Bandhan Bank one year FD rate
Bandhan Bank is offering a 7.25% interest rate on a one-year tenure FD.
Capital Small Finance Bank one year FD rate
Capital small finance bank is offering an interest rate of 7.5% on a FD of one year tenure.
Equitas Small Finance Bank one year FD rate
Equitas small finance bank is offering an interest rate of 8.2% on an FD of one year tenure.
Fincare Small Finance Bank one year FD rate
Fincare small finance bank, is offering an interest rate of 7.65% on an FD of one year tenure.
Jana Small Finance Bank one year FD rate
Jana small finance bank is offering an 8% interest rate on an FD of one year tenure.
Ujjivan Small Finance Bank one year FD rate
Ujjivan small finance bank is offering 8.25% interest rate on an FD of one year tenure.
Unity Small Finance Bank one year FD rate
Unity small finance bank is offering 7.35% interest on an FD of one year tenure.
