Highest FD interest rate up to 9%; These 5 banks are offering the highest fixed deposit interest rate now
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FD rate up to 9%
FD rate up to 8.60%
FD rate up to 8.40%
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FD rate up to 8.25%
FD rate up to 8.20%
Bank Fixed Deposit Rates Bank Name Interest Rates (p.a.) Highest slab 1-year tenure (%) 3-year tenure (%) 5-year tenure (%) % Tenure SMALL FINANCE BANKS Jana Small Finance Bank 8.20 5 years 7.50 7.75 8.20 slice Small Finance Bank 9.00 18 months 1 day to 18 months 2 days 6.75 8.25 7.75 Suryoday Small Finance Bank 8.40 Above 30 months to 3 years 7.90 8.40 8.00 Unity Small Finance Bank 8.60 1001 days 7.00 8.00 8.00 Utkarsh Small Finance Bank 8.25 2 years to 3 years 6.25 8.25 7.75
What is Small Finance Bank?
Particulars
Commercial Bank
Small Finance Bank
Regulatory Requirement
Regulated by the RBI
Regulated by the RBI
Loan
Offers all types of loans
Provides basic loan facilities such as personal loans, gold loans, MSME loans, vehicle loans, etc.
Target Customers
Not restricted to any one or any entity
Small borrowers, unorganised workers, MSMEs
Remittance Services
Can provide remittance services
Can provide remittance services
Online Banking Solutions
Can offer digital banking solutions
Can offer digital banking solutions
Capital Limit
Requires enormous amounts of capital
Minimum capital should be up to 100 crores
After the Reserve Bank of India cut the repo rate this year by 100 basis points since February 2025, many banks have slashed their fixed deposit interest rates in tandem with repo rate cuts. However, there are only a few banks which still offer above 8% for regular citizens even after the FD rate cut. Individuals looking for a higher FD interest rate should lock their FD before even these banks slash their rates.Here are the banks offering fixed deposit interest rates above 8% for general citizens on amounts below Rs 3 crore.Slice Small Finance Bank, earlier known as North East Small Finance Bank is offering a higher FD interest rate of 9% on FD tenure of 18 months 1 day to 18 months 2 daysUnity Small Finance Bank is offering the highest FD interest rate of 8.60% on tenure of 1001 days for general citizens. Suryoday Small Finance Bank is offering the highest FD interest rate of 8.40% on tenure above 30 months to 3 years for general citizens. Utkarsh Small Finance Bank is offering the highest FD interest rate of 8.25% on tenure of 2 Years (730 Days) up to 3 Years (1095 Days for general citizens. Jana Small Finance Bank is offering the highest FD interest rate of 8.20% on tenure of 5 Years (1825 Days) for general citizens.Source- PaisabazaarData as on June 18, 2025Disclaimer: While deposits in small finance banks are insured by the Deposit Insurance Credit Guarantee Corporation (DICGC) up to Rs 5 lakh, experts advise investors to exercise caution when investing in their FDs. Given their unique business model, the risk associated with investing in small finance bank FDs might differ slightly from that of scheduled commercial banks.According to AU Small Finance Bank, 'A Small Finance Bank is a segment under the banking system, and every bank under this segment is regulated by the Reserve Bank of India (RBI). The banks are set up to promote the objective of financial inclusion by offering basic banking facilities to the un-served and underserved sections.'Difference between -commercial Bank & small finance bankAccording to the AU Small Finance Bank, here are few difference between commercial bank and small finance bank
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