Top 10 Fixed Deposits For A Tenure of 1 Year In 2022

The Reserve Bank of India (RBI) will conduct its monetary policy meeting on February 7-9, 2022. The meeting is anticipated to see an uptick in the reverse repo rate, which has been hammered since the coronavirus epidemic caused massive economic turmoil two years ago. Because of the high level of inflation, the RBI may take steps to control it, and as a result, retail investors may gain from bank interest rate hikes. Investors can park their fixed deposits for a short period of time, suppose one year, ahead of the policy meeting. By doing so, individuals will be able to relocate their deposit to long tenure once interest rates commence escalating. As a result, we've compiled a list of the top 10 public, private, and small finance banks based on higher interest rates on one-year fixed deposits.

Top 10 Public Sector Banks Based On 1-Year Fixed Deposit Interest Rates

Based on our own thorough research, we've prepared a list of the top 10 public sector banks that are now providing the best interest rates on fixed deposits of less than Rs 2 Cr with a one-year maturity frame.

Banks	Regular Interest Rates (p.a.)	Senior Citizen Interest Rates (p.a.)	W.e.f.
Canara Bank	5.00%	5.50%	17.01.2022
Union Bank of India	5.00%	5.50%	01/09/2021
Punjab National Bank	5.00%	5.50%	01.08.2021
Indian Bank	4.95%	5.45%	05.11.2021.
Bank of Baroda	4.90%	5.40%	16.11.2020
Bank of Maharashtra	4.90%	5.40%	08.01.2021
Indian Overseas Bank	4.90%	5.40%	09.11.2020
UCO Bank	4.90%	5.40%	16.11.2021
Punjab & Sind Bank	4.50%	5.00%	16/09/2021
SBI	4.40%	4.90%	15.01.2022
Source: Bank Website

Top 10 Private Sector Banks Offering Best Interest Rates On 1 Year FDs

We've compiled a list of the top 10 private sector banks that are now offering the highest interest rates on fixed deposits of less than Rs 2 crore with a one-year maturity period, based on our own extensive research.

Banks	Regular Interest Rates (p.a.)	Senior Citizen Interest Rates (p.a.)	W.e.f.
DCB Bank	5.55%	6.05%	22nd November 2021
IndusInd Bank	5.50%	6.00%	July 23rd, 2021
RBL Bank	5.25%	5.75%	February 03, 2022
Tamilnad Mercantile Bank	5.25%	5.75%	18.11.2021
Federal Bank	5.10%	5.60%	17.01.2022
Axis Bank	5.10%	5.75%	26.01.2022
Nainital Bank	5.05%	5.55%	10th September, 2021
IDBI Bank	5.05%	5.55%	15.01.2022
Yes Bank	5.00%	5.50%	4th January 2022
Karnataka Bank	5.00%	5.50%	01st November 2021
Source: Bank Website

Top 10 Small Finance Banks With Interest Rates On Fixed Deposits of 1 Year

Based on our own exhaustive study, we've developed a list of the top 10 small finance banks that are currently giving the highest interest rates on fixed deposits of less than Rs 2 crore maturing in one year.

Banks	Regular Interest Rates (p.a.)	Senior Citizen Interest Rates (p.a.)	W.e.f.
Jana Small Finance Bank	6.75%	7.55%	11th January 2022
Ujjivan Small Finance Bank	6.50%	7.00%	31st December 2021
ESAF Small Finance Bank	6.50%	7.00%	20/12/2021
Utkarsh Small Finance Bank	6.50%	7.00%	January 20, 2022
Fincare Small Finance Bank	6.00%	6.50%	25th October 2021
Shivalik Small Finance Bank	5.75%	6.25%	December 1st, 2021
Suryoday Small Finance Bank	5.75%	5.75%	September 09, 2021
Capital Small Finance Bank	5.10%	5.60%	January 05, 2022
AU Small Finance Bank	5.00%	5.50%	3rd February 2022
Equitas Small Finance Bank	5.00%	5.50%	7th Feb 2022
Source: Bank Website