These 4 banks are providing interest rate on FDs higher than 8%

Many people prefer bank FDs for investing purposes. On FDs, various banks are providing varying interest rates. Bank FDs provide fixed interest rates and carry no risk. In the past year, interest rates on fixed deposits (FDs) have quickly risen. Numerous Small Finance Banks (SFBs) continue to provide FD interest rates that are more than 8%. Let’s look at the banks that are providing FDs maturing in three years with interest rates greater than 8%.

Equitas Small Finance Bank

Deposits maturing in the range of 889 to 1095 days (3 years) are eligible for an interest rate of 8% from Equitas Small Finance Bank. On FDs maturing within the same period, senior persons will receive 8.5% interest.

Fincare Small Finance Bank FD

For FDs maturing between 1001 and 1095 days (3 years), Fincare Small Finance Bank offers an interest rate of 8%. On FDs maturing within that time, seniors will receive an interest rate of 8.6%.

Utkarsh Small Finance Bank

Fixed deposits maturing between 1000 and 1500 days are eligible for an interest rate of 8.25 percent from Utkarsh Small Finance Bank. The interest rate on fixed deposits maturing in the same time frame can go to 8.85 percent for older persons.

Suryoday Small Finance Bank

For FDs with maturities of two to three years, Suryoday Small Finance Bank charges the general public an interest rate of 8.6 percent. The interest rate on fixed deposits maturing in the same time frame can increase to 9.1% for older persons.

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