These 2 banks are giving over 8 percent interest rate on Fixed Deposit plans
Suryodaya Small Finance Bank Utkarsh Small Finance Bank are offering over 8 percent interest rates on some Fixed Deposit plans.
New Delhi: The repo rate cut by the Reserve Bank of India (RBI) in June 2025 resulted in the country's public and private banks slashing the interest on Fixed Deposit (FD) schemes. However, it may be noted that there are some banks in the country that are offering up to 8.8 percent interest on FD plans. In this article, we inform you about the lenders and the attractive interest rates being offered by these.
Few Small Finance banks are offering high returns on Fixed Deposit schemes. Suryodaya Small Finance Bank and Utkarsh Small Finance Bank, are offering interest rates of 8.80% and 8.70% for senior citizens.
The Reserve Bank of India has cut the repo rate by 100 basis points in the financial year 2025. In the June 2025 meeting, RBI cut it by 50 basis points. At the same time, in the monetary policy meetings held in February and April, there has been a reduction of 25-25 basis points.
The RBI has reduced the repo rate thrice in 2025, first in February, 2nd in April and latest in June 2025. Following the lending rate cut, almost all the big private and government banks reduced their interest rates.
After the MPC meetings in February and April 2025 respectively, the repo rate was reduced by 25 basis points each. In the June 2025 MPC meeting, the central bank decided to further slash the lending rates by 50 basis points. This current repo rate stands at 5.50%.
Suryodaya Small Finance Bank FD rates
| Period | Interest Rate (Per Annum) | Annualised Yield (%) | Senior Citizen Rate (Per Annum) | Annualised Yield (%) |
|---|---|---|---|---|
| 7 Days to 14 Days | 4.00% | 4.00% | 4.40% | 4.40% |
| 15 Days to 45 Days | 4.25% | 4.25% | 4.65% | 4.65% |
| 46 Days to 90 Days | 4.50% | 4.50% | 4.90% | 4.90% |
| 91 Days to 6 Months | 5.00% | 5.00% | 5.40% | 5.40% |
| 6 Month 1 Day | 7.25% | 7.45% | 7.65% | 7.87% |
| Above 6 Month 1 Day to 9 Months | 5.50% | 5.61% | 5.90% | 6.03% |
| Above 9 Months to less than 1 Year | 6.00% | 6.14% | 6.40% | 6.56% |
| 1 Year | 7.50% | 7.71% | 7.90% | 8.14% |
| Above 1 Year to 15 Months | 7.50% | 7.71% | 7.90% | 8.14% |
| Above 15 Months to 18 Months | 7.50% | 7.71% | 7.90% | 8.14% |
| Above 18 Months to 2 Years | 7.50% | 7.71% | 7.90% | 8.14% |
| Above 2 Years to 30 Months | 7.50% | 7.71% | 7.90% | 8.14% |
| Above 30 Months to 36 Months | 8.15% | 8.40% | 8.15% | 8.40% |
| Above 3 Years to less than 5 Years | 6.75% | 6.92% | 7.15% | 7.34% |
| 5 Years | 8.40% | 8.67% | 8.40% | 8.67% |
| Above 5 Years to 10 Years | 7.25% | 7.45% | 7.65% | 7.87% |
Utkarsh Small Finance Bank FD rates
| Tenure | General Customers | Senior Citizens |
|---|---|---|
| 7 Days to 45 Days | 4.00% | 4.50% |
| 46 Days to 90 Days | 4.50% | 5.00% |
| 91 Days to 180 Days | 5.25% | 5.75% |
| 181 Days to 370 Days | 6.25% | 6.75% |
| 371 Days to less than 2 Years (729 Days) | 7.50% | 8.00% |
| 2 Years (730 Days) upto 3 Years (1095 Days) | 8.00% | 8.50% |
| Above 3 Years to less than 4 Years | 7.75% | 8.25% |
| 4 Years (1461 Days) upto 5 Years (1826 Days) | 7.50% | 8.00% |
| Above 5 Years to 10 Years | 7.25% | 7.75% |