RBL Bank Fixed Deposits

There are a very few banks that are presently offering you 8.75 per cent on a fixed deposit. The 24-36 month deposit at RBL Bank comes with an interest rate of 8.75 per cent, taking the annual yield to 9.04 per cent.

Not a bad bet for saving for 2-3 years.

Deutsche Bank

Deutche Bank is a foreign bank, that is offering an interest rate of 8.50 per cent on 5-year deposits.

Senior citizens are entitled to fixed deposit interest rate of 8.75 per cent for a similar tenure. Pretty decent interest rate from a foreign bank.

DCB Bank

DCB Bank is a private listed bank. The bank is offering an interest rate of 8.10 per cent for deposits between 24 months and 5 years.

Though this is lower than the others mentioned above, anything above 8 per cent, is certainly above par.

IDFC Bank

IDFC Bank is the newest bank to have got a license from the Reserve Bank.

The fixed deposits of the bank offer an interest rate of 8.1 per cent for the 271-365 days tenure, making them a good investment bet.

Bharat Cooperative Bank

Bharat Cooperative Bank is offering an interest rate of 8.75 per cent on deposits above 5 years. For lesser tenure the interest rate is 8.5 per cent.

Unlike the above, which are mostly private sector banks, Bharat Cooperative Bank is a cooperative bank.

Senior citizens are entitled to an interest rate of 9 per cent on deposits above 5 years.

Bandhan Bank

Like IDFC Bank, Bandhan Bank too recently received a license from the Reserve Bank of India.

The 1-2 year deposit of the bank fetches an interest rate of 8 per cent. It's extremely difficult to find banks offering an interest rate of 8 per cent presently.