5 Banks That Offer Good Interest Rates On Fixed Deposits With Safety

Sunil Fernandes Jun 06, 2023

[{"selector":"#anim-97f56b2c-3226-4df8-9f93-bcd8a9f6e925 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-fb3a1bc0-6005-48c1-9647-58b0af1c90ec","keyframes":{"opacity":[0,1]},"delay":500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3b8dc60e-8e33-4a39-8b37-126eb5b08df5","keyframes":{"transform":["translate3d(114.68750%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-093bd797-6c8a-4dfe-b84c-1aa0310cb657","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cd90bf5e-91ae-45e9-b14b-7c8bf8199a0a","keyframes":{"transform":["translate3d(-114.6875%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The first set of interest rates are for regular depositors and the 2nd for senior citizens.

[{"selector":"#anim-7a5e8a8c-6c53-4c20-a920-cd0c6da2f36e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-d2a03016-aa3e-4af4-b25a-823213c33e3d","keyframes":{"opacity":[0,1]},"delay":500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-799cb590-f424-41d2-9e30-589a8ea860ed","keyframes":{"transform":["translate3d(114.68750%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-268a6d54-34cf-44af-bd7e-664a34a7d5a0","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e9c8b686-76b9-44f7-952a-091dca8e77a6","keyframes":{"transform":["translate3d(-114.6875%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] IndusInd Bank offers a maximum of 7.75% and 8.25% interest.

[{"selector":"#anim-3d7c4d53-97d9-47af-91ae-47ae37a65582 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-26a45502-b467-4559-88b2-e71f07864467","keyframes":{"opacity":[0,1]},"delay":500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d4a753f9-99d7-4a93-a416-e269ed7698a4","keyframes":{"transform":["translate3d(114.68750%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-592a9d3b-3445-4947-89fe-9109861a12d9","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-826be7b1-aeb4-4b11-b1fc-e2dce0bb6cad","keyframes":{"transform":["translate3d(-114.6875%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] IDFC Too offers similar interest rates of 7.75% and 8.25% on deposits.

[{"selector":"#anim-164a26d9-5dc6-4939-b16e-32dbefde4e8d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-9b50fde0-bed2-467c-8152-c4a528cf1a3d","keyframes":{"opacity":[0,1]},"delay":500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ed7a1cf0-e30d-4653-9350-050b17ea070f","keyframes":{"transform":["translate3d(114.68750%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dd34a410-629a-406d-9432-c470ae4000b9","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5a8568e9-1328-420f-946d-7c4a24bdb838","keyframes":{"transform":["translate3d(-114.6875%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] RBL Bank on the other hand offers 7.80% and 8.30% as maximum.

[{"selector":"#anim-7aecf2a7-b97c-4d6f-beec-7fe2fb7477eb [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-11aa1770-946e-45c4-b845-9df7555d0ec6","keyframes":{"opacity":[0,1]},"delay":500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fff6eb65-5010-4e3e-b8bc-bbb43c5bb53b","keyframes":{"transform":["translate3d(114.68750%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c7ff6cc2-0eb6-4492-a811-8ecdac232798","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f3250b01-abd2-4ec3-84f3-0c4206ef331b","keyframes":{"transform":["translate3d(-114.6875%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Bandhan Bank 500-days deposit comes with 8% and 8.50% interest.

[{"selector":"#anim-4652db35-02e3-4692-9576-e6480e271ef4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-b475e4e8-d6e6-4eb6-9d05-b528051e0097","keyframes":{"opacity":[0,1]},"delay":500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3a3d7ce8-53f9-4492-bb5c-89145d5230fe","keyframes":{"transform":["translate3d(114.68750%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-876339a7-ad51-4ecd-99f4-67529cabbc72","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fb1cd3c3-c018-41fd-b631-daf47eefaca8","keyframes":{"transform":["translate3d(-114.6875%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] HDFC Bank too offers a decent interest rate of 8.20% and 8.70%.

[{"selector":"#anim-cefe7ca5-786e-4dfa-a572-9f84432692f4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-9b76701e-e5d7-491b-9391-2f0f27deffb8","keyframes":{"opacity":[0,1]},"delay":500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cc700fb8-2d8e-4acc-8b28-5377623d9a92","keyframes":{"transform":["translate3d(114.68750%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4a624e89-8393-4fe0-a0a5-c5394c6c147e","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-65a5f3d2-a53c-410f-ade1-5d5182d55577","keyframes":{"transform":["translate3d(-114.6875%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Deposit interest rates are likely to fall so invest now.

[{"selector":"#anim-b03204e8-4f1d-4a1f-8748-375eaa224e08 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-3ea2a4e3-e06c-4b31-a0e0-f81ae51cf704","keyframes":{"opacity":[0,1]},"delay":500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4218a5c6-97d1-4e88-a7ac-2e49b336a4d6","keyframes":{"transform":["translate3d(114.68750%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-08287b84-bfb3-43ee-a22a-bbfff6e3f621","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-090efa22-658c-4498-8589-24ce8e46c6c1","keyframes":{"transform":["translate3d(-114.6875%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Better invest for a longer horizon, preferably 3-5 years.