Highest FD interest rates: 2 banks offer 9% returns on Fixed Deposits | Check details

Earn over 9% interest on THESE FDs - Of late, many banks have increased their FD interest rates, however, FD interest rates provided by the small finance banks India are still much higher.

A lot of people prefer investing their hard-earned money in different investment schemes available in India. Image Source: PTI

Earn over 9% interest on THESE FDs - Customers can now take advantage of higher FD interest rates. With a hike in fixed deposit interest rates in two small finance banks, you can now receive over 9 per cent interest rate.

There are many investment options in FD to choose from. There are many small banks that offer higher returns than big commercial banks. If you want, you can make good money by investing in FDs offered by these banks.

The latest entrant in the bloc are two small finance banks which are offering 9 per cent interest rate on FDs to senior citizens, which is way higher than most of the investment schemes like:

Public Provident Fund (PPF) providing interest rate of 7.1 per cent

Sukanya Samriddhi Yojana (KVP)- 7.6 per cent

Here are banks offering 9% interest rate to senior citizens

Suryoday Small Finance Bank

Suryoday Small Finance Bank is offering 9.26 per cent interest rate on FDs per annum to senior citizens.

Unity Small Finance Bank

Unity Small Finance Bank is offering 9 per cent interest rate on FDs per annum to senior citizens while general customers can get 8.50 per cent interest rate for a tenure of 181 days.

Here's list of banks offering over 7% interest rate on fixed deposits

Canara Bank

The Bank offers a special fixed deposit scheme that provides a 7.50% interest rate for a tenure of 666 days. The bank under the scheme is offering a 7% interest rate for general customers, whereas senior citizens will get a 7.5% interest on this fixed deposit plan.

Utkarsh Small Finance Bank

The Bank offers a fixed deposit scheme that provides up to 8.50 percent interest rate for a tenure of 700 days.

RBL Bank

The Bank offers a fixed deposit scheme that provides upto 7.75 per cent interest rate for a tenure of 725 days. The bank under the scheme is offering a 7.25 per cent interest rate for general customers, whereas senior citizens will get 7.75 per cent interest on this fixed deposit plan. This scheme is for the amount under Rs 2 crore.