Which bank gives 9.5% interest on FD in India?
Asked by: Ms. Mallie Kozey Jr. | Last update: May 14, 2026Score: 4.2/5 (70 votes)
Unity Small Finance Bank and North East Small Finance Bank are the primary institutions offering up to 9.5% per annum interest on Fixed Deposits (FDs) to senior citizens for specific tenures, according to reports in early 2025. These high rates are typically for senior citizens, with 9.5% often applicable for special, non-callable tenures such as 1001 days.
Which bank has a 9.5 FD interest rate?
To get around 9.5% on an FD, you'll likely need to look at Small Finance Banks like Unity Small Finance Bank, North East Small Finance Bank, and Suryoday Small Finance Bank, as they often offer these higher rates, especially to senior citizens for specific tenures (e.g., 1001 days or 3 years). While these banks provide high returns, rates change, so always check their latest offerings for the most current rates, as general banks offer much lower rates.
Where to invest 20 lakhs for monthly income?
If you want your 20 lakhs to grow to a larger sum, it would be wise to invest it in ULIPs, or the equity market. However, if you are averse to risks, you can look at traditional savings plans or pension plans to ensure a guaranteed monthly income for life.
What is the SBI 444 day FD scheme?
The SBI Amrit Vrishti Scheme 2026 (also known as the SBI 444 Days FD) is a special fixed deposit product from State Bank of India offering a fixed tenure of 444 days with competitive interest rates. As of December 19, 2025, the scheme offers 6.45% p.a. to regular investors.
What is the interest rate of FD in HDFC Bank?
HDFC Bank offers FD interest rates for the general public from around 2.75% to 6.45% and 3.25% to 6.90% for senior citizens, depending on the tenure, with higher rates for longer terms, peaking around 18-21 months for some segments. For example, a 21-month to 2-year FD yields about 6.40% for regular customers and 6.90% for seniors, while a 5-year FD gives 6.15% (general) and 6.65% (senior). Special Tax Saving FDs offer up to 6.90% for seniors for 5-year terms, notes Policybazaar.
Post Office FD 2026 - ₹10,000 Investment Return, Interest Rate & Maturity Value in 2026
What is Tata Neu fixed deposit?
The Tata Digital Fixed Deposit is a digital investment option offered via the Tata Neu app. It enables users to open fixed deposits within just 10 minutes with leading partner banks and NBFCs, such as IndusInd Bank, Shriram Finance, Unity Small Finance Bank and Mahindra Finance, all in one place.
Is a 9% interest rate high?
Yes, 9% is a good personal loan interest rate for people with good credit. Applicants with a credit score of 660+ could qualify for a personal loan with a 9.00% APR if they choose the right lender and have enough income to afford the loan.
How can I get 10,000 interest monthly in SBI?
What is the SBI 10000 Monthly Income Scheme? Investors make a one time deposit, starting from a minimum amount that depends on the chosen tenure and desired monthly payout (e.g., Rs. 10,000). The monthly amount includes the principal and interest, calculated at the prevailing term deposit interest rates.
What is the FD of 1 crore for 5 years?
For a tenure of 5 years, the ₹1 Crore FD interest per month can go up to approximately ₹66,666 at an interest of 8%, yielding ₹46.9 Lakhs as total interest earned.
What is the highest FD rate in Indian bank?
Indian Bank offers FD interest rates of 2.80-6.45% p.a. to the general public and 3.30-6.95% p.a. to senior citizens on tenures ranging from 7 days to 5 years and above.
Is FD 100% safe?
Your investment in a bank is insured under the Deposit Insurance and Credit Guarantee Corporation (DICGC) scheme, which covers your deposits up to Rs. 1 lakh for both principal and interest amount held in the same capacity and same right. So, even if the bank goes insolvent, your fd investment will be safe.
Is Canara Bank FD safe?
Key Takeaways. Canara Bank Short Term FD is a secure, low-risk investment for depositors and businesses who want to invest the excess funds safely and flexibly for tenures ranging from 7 days to 1 year.
What is the best time to invest in an FD?
An FD is best when you have surplus funds that you do not need to use in the near term and want a low-risk return. Choose a tenure aligned with your goal because longer durations often offer higher interest rates, and rates tend to be better when market conditions favour them.
What is the SBI 7.60 interest rate?
SBI Amrit Kalash is a tenure-specific term deposit scheme offered to domestic and NRI depositors for tenures of 400 days. Under this scheme, senior citizens are offered FD interest rates at 7.60% p.a. This scheme can be availed through the SBI branch, internet banking and SBI YONO mobile banking app.
Can NRIs invest in SBI FDs?
What Are the Eligibility Criteria for an SBI NRE FD Account? To open an NRE FD account, the following conditions must be fulfilled: The customer must fall under one of the NRI, PIO, or OCI categories. Must have valid ID proof, including an Indian passport or a PIO card.
Are FDs better than stocks?
Fixed deposits (FDs) offer safety, stable returns, and are ideal for conservative investors seeking capital preservation. On the other hand, equities can potentially deliver higher returns over the long term, making them suitable for those willing to accept market fluctuations.
Can I keep 50 lakhs in FD?
Yes, you can invest ₹50 lakhs in fixed deposits (FDs). However, here are some key factors to consider: Interest rates: Interest rates on Fixed Deposits vary significantly between different financial institutions and depend on the tenure and depositor category.
Is shriram FD safe?
Low Risk: FDs are considered low-risk investments as they are typically backed by credit ratings. Shriram Fixed Deposit is rated "[ICRA]AA+ (Stable)" by ICRA and "IND AA+/Stable" by India Ratings and Research. Flexibility: Choose a tenure that aligns with your financial goals, ranging from 12 months to 60 months.
How to invest 10 lakhs to get monthly income?
Investing 10 lakhs to get monthly income in India requires careful consideration and understanding of various investment options. Fixed deposits, Post Office Monthly Income Scheme, debt mutual funds, dividend-paying stocks, REITs, and systematic withdrawal plans offer avenues for consistent income.