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The highest time deposit interest rate falls? Check out 14 banks offering 8-9% in FD in February 2025

Adnan MaharBy No Comments2 Mins Read0 Views


The Reserve Bank of India (RBI) last week decided to cut the reporate by 25 basis points.

RBI’s interest rate reduction decisions are likely to benefit borrowers, but could lead to a reduction in time deposit rates.

However, there’s nothing to worry about existing FD Accountholders. Future declines in deposit interest rates will not affect existing FD accounts as they will continue to earn reserved interest rates.

If the bank announces, the low FD rates will only apply to new FD accounts. However, banks may take some time to modify their FD rates. Until that happens, anyone planning to book an FD will be able to take advantage of the higher FD rates offered by the banks today.

As of February 11, 2025, 14 banks offer over 8% interest to the public on fixed deposits for various tenure periods.

The highest FD rate offered to general depositors is 9% for at least two banks. The table below shows the highest FD rates these banks offer.

Banks that offer interest of 8% or more on time deposits*

The largest FD rate for civilian banks (%PA) Small Finance Bank 91001 Daynorth East Small Finance Bank918 Months 1 day to 36 months 1 day to 1 day to 18 months less than 3 years; 1500 Dayesaf Small Finance Bank8. 38888 Daysjana Small Finance Bank8.25365 days from 3 years from ujjivan Small Finance Bank8.251 years from 18 months from 2 years from 3 days from 20 months; from 26 months or more Bandhan Bank8.051 yearrbl bank8500 days from under 61 months

*Source: Bank website as of February 11, 2025

Please note that some of the banks in the table above are small financial banks. These banks are covered by the £5 deposit insurance guarantee provided by RBI, but it is risky to invest large amounts in the FDS provided by such banks. Here you can find a list of banks offering low-risk fixed deposits. .

Disclaimer: The above list of bank FDs is for general information purposes only and should not be construed as a recommendation by Upstox.



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Adnan is a passionate doctor from Pakistan with a keen interest in exploring the world of politics, sports, and international affairs. As an avid reader and lifelong learner, he is deeply committed to sharing insights, perspectives, and thought-provoking ideas. His journey combines a love for knowledge with an analytical approach to current events, aiming to inspire meaningful conversations and broaden understanding across a wide range of topics.

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