There are a few banks offering interest rates above 9% on fixed deposits. Here are the list of banks that offer high interest rates:
Banks offering interest rates over 9% on fixed deposits
|Bank||Interest Rate||Type of deposit||Tenure||Amount|
|Suryoday Small Finance Bank Ltd||9%||For individuals||1 to 2 years||Less than Rs.1 crore|
|Suryoday Small Finance Bank Ltd||9.75%||For senior citizens||1 to 2 years||Less than Rs.1 crore|
|Suryoday Small Finance Bank Ltd||9.5%||For senior citizens||2 to 3 years||Less than Rs.1 crore|
|ESAF Small Finance Bank||9%||For individuals||More than 1 year and up to 3 years||Less than Rs.1 crore|
|ESAF Small Finance Bank||9.5%||For senior citizens||More than 1 year and up to 3 years||Less than Rs.1 crore|
|Mahaveer Bank||9.5%||Individuals||From 2 to 5 years||Less than Rs.1 crore|
|Mahaveer Bank||9%||Individuals||More than 5 years||Less than Rs.1 crore|
Suryoday Small Finance Bank Ltd
Suryoday Small Finance Bank Ltd is currently offering attractive interest rates for fixed deposits. The small finance bank is offering 9% on fixed deposits for individuals for a tenure ranging between 1 to 2 years and an investment amount less than Rs.1 crore.
They offer an interest rate of 9.75% and 9.5% for senior citizens.
Read More About Suryoday Fixed Deposit Rates
ESAF Small Finance Bank
ESAF Small Finance Bank is offering an interest rate 9.5% on fixed deposits for senior citizens. This rate is offered for deposits less than Rs.1 crore for a period of more than 1 year and up to 3 years. The rate of interest on deposits for individuals is 9%.
Another bank that offers a high interest rate, above 9%, on fixed deposits is Mahaveer Bank. They provide an interest rate of 9.5% for deposits that are held between 2 and 5 years. A 9% rate of interest is provided for a tenure above 5 years.