Earn FD interest rate up to 8.75%: Top banks offering highest fixed deposit rates for tenures below one year

One of the main factors that investors in India find ideal about Fixed Deposits (FD) is their flexible term. To make it simple for both short-term and long-term investors, banks offer FDs with tenures ranging from 7 days to 10 years.

Short term deposit period can range between 7 days to 12 months. The long-term deposit ranges from above 1 year to 10 years. The FD interest rates offered vary from bank to bank, depending on the tenure.

The interest rates on short-term fixed deposits are greater than those on savings accounts, while lower than those on long-term deposits.


Let us take a look at at the interest rates offered by the top banks on such short-term FDs.

Private Banks

• HDFC Bank FD interest rates

HDFC Bank offers interest rates between 3% to 6.00% for tenure ranging from 7 days to less than one year for general citizens.

• ICICI Bank FD interest rates

HDFC Bank offers interest rates between 3% to 6.00% for tenure ranging from 7 days to less than one year for general citizens.

• Yes Bank FD interest rates

Yes Bank offers interest rates between 3.25% to 7.25% for tenure ranging from 7 days to one year for general citizens.

PSU Banks
SBI FD interest rates
SBI offers interest rates between 3 % to 5.75% for tenure ranging from 7 days to one year for general citizens.

• PNB FD interest rates

PNB offers interest rates between 3 % to 7% for tenure ranging from 7 days to one year for general citizens.

Also read: This HDFC Bank special FD offers up to 7.75% interest rate along with hospital cash insurance; who can invest, tenure, investment amount, interest payment

• Canara Bank FD interest rates

Canara offers interest rates between 4% to 6.85% for tenure ranging from 7 days to one year for general citizens.

Also read: FD interest rate up to 9.25%: These 5 banks have revised fixed deposit rates in April

Small Finance Banks

• Unity Small Finance Bank

Unity SFB offers interest rates between 4.50% to 7.85% for tenure ranging from 7 days to one year for general citizens.

• Jana Small Finance Bank

Jana SFB offers interest rates between 3% to 8.50% for tenure ranging from 7 days to one year for general citizens.

• Suryoday Small Finance Bank

Suryoday SFB offers interest rates between 4% to 6.85% for tenure ranging from 7 days to one year for general citizens.

(Source: Bank websites; interest rates as on April 23, 2024)

FD rate up to 7.75%: 5 banks offering best 3-year FD rates for senior citizens

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Banks offering the best interest rate on 3 year fixed deposits for senior citizens. (Compiled by ETIG; interest rate as on April 18, 2024).

Banks offering the best interest rate on 3 year fixed deposits for senior citizens. (Compiled by ETIG; interest rate as on April 18, 2024).

DCB Bank is offering an interest rate of 8.10% to senior citizens on 3 year FD.

DCB Bank is offering an interest rate of 8.10% to senior citizens on 3 year FD.

RBL Bank is offering an interest rate of 8% to senior citizens on 3 year FD.

RBL Bank is offering an interest rate of 8% to senior citizens on 3 year FD.

Yes Bank is offering an interest rate of 8% to senior citizens on 3 year FD.

Yes Bank is offering an interest rate of 8% to senior citizens on 3 year FD.

Bandhan Bank is offering an interest rate of 7.75% to senior citizens on 3 year FD.

Bandhan Bank is offering an interest rate of 7.75% to senior citizens on 3 year FD.

Bank of Baroda is offering an interest rate of 7.75% to senior citizens on 3 year FD.

Bank of Baroda is offering an interest rate of 7.75% to senior citizens on 3 year FD.

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