Which Bank Offers The Best FD Returns ?

Reserve Bank of India has decided to keep policy rates unchanged once again, indicating that banks may not revise their interest rates anytime soon. Despite earlier rate cuts by major banks, senior citizens can still benefit from relatively higher fixed deposit returns. Currently, some banks are offering interest rates up to 8.05 percent on retail term deposits, making FD investments attractive for retirees seeking stable income.

Among the top offerings, Suryoday Small Finance Bank provides up to 8.05 percent interest on a five-year FD. A deposit of ₹5 lakh can grow to around ₹7,44,800 at maturity. Other banks like Jana Small Finance Bank (7.77%), AU Small Finance Bank (7.25%), Equitas Small Finance Bank and Utkarsh Small Finance Bank (7.50%), and Ujjivan Small Finance Bank (7.70%) are also offering competitive returns. These schemes provide secure and steady growth options for senior investors.