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Best fixed deposit interest rates: Check 5 banks offering up to 7% return on yearly FDs

New Delhi: In India, fixed deposits of FDs have remained one of the most favourable investment instruments, as it offers decent returns with the safety of assured returns. However, with no changes in interest rates even with the rising inflation, fixed deposits have become an unattractive investment option.

Many public and private banks offering very low interest rates on short fixed deposit investments. However, there are a few small finance banks that are offering up to a 7% interest rate on fixed deposits maturing in a year.

Zee Media Bureau|

Updated:Jul 22, 2021, 10:41 PM IST

1/5

Ujjivan Small Finance Bank

Ujjivan Small Finance Bank is offering 1-year fixed deposits with an annual interest rate of 6.5% to regular customers. On the other hand, senior citizens can enjoy a 7% annual interest rate on FDs with similar tenure.

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Utkarsh Small Finance Bank

Utkarsh Small Finance Bank is offering an attractive interest rate of 6.5% per annum on fixed deposits maturing in one year. Senior citizens can avail a 7% interest rate on their 1-year fixed deposits.

3/5

Suryoday Small Finance Bank

Suryoday Small Finance Bank is providing a 6.50 annual interest rate to its customers investing in one year FD scheme of the bank. Senior citizens currently get a 6.75% interest rate on yearly fixed deposits.

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ESAF Small Finance Bank

ESAF Small Finance Bank is also providing its 1 year FD schemes at an annual interest rate of 6.5% to regular customers. Whereas, senior citizens can claim up to a 7% interest rate on annual FD schemes.

5/5

Jana Small Finance Bank

On the lower end, Equitas Small Finance Bank is offering a 6.25% interest rate on fixed rates with a tenure of one year to regular customers and a 6.75% interest rate to senior citizens.