Many banks offers 9 per cent interest Rate

Many small finance banks offer 8-9% on fixed deposits of two to five years compared with an average of 6-6.4% that top lenders like State Bank of India (SBI), HDFC Bank, Axis Bank and ICICI Bank give. Senior citizens get 50 basis points higher on these deposits as compared to general customers. In Budget 2020, the finance minister increased the insurance cover on bank deposits to ₹5 lakh. The increase has been done with a view to providing a greater measure of protection to depositors. Nowadays, banks offer the facility of opening an FD account online via net-banking through your account. One can invest in FD without having to visit a branch physically.
Here is a list of banks that offer the best rate on fixed deposits for 1-year, 2-year, 3-year, 5-year, 7-year and 10-year
Utkarsh Small Finance Bank latest FD interest rates
Utkarsh Small Finance Bank offers interest rate ranging from 4.75% to 9% on FDs maturing in 7 days to 10 years. Term deposits with less than one year maturity, the bank gives 7.25%. FDs maturing in 1 year to 455 days will give you 8.20% interest, 456 days to less than 2 years 8.50% and 2 years to 776 days 8.00%. Utkarsh Small Finance Bank gives the highest interest rate on deposits maturing in 777 days. The bank gives 9% interest rate on these deposits. FDs with 3 years to less than 5 years maturity period will give you 8% interest rate. On 5 years FDs, Utkarsh Small Finance Bank gives 8.35%, and on 5 years to 10 years FDs, it gives 7.75% interest. Senior citizens get an additional 50 basis points on these deposits.
7 days to 15 days 4.75%
16 days to 28 days 4.75%
29 days to 45 days 4.75%
46 days to 90 days 5.50%
91 days to 120 days 6.75%
121 days to 180 days
181 days to 210 days 7.00%
211 days to 270 days 7.00%

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