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Maximize Savings: Compare Latest Fixed Deposit Interest Rates Up To 8.25 Percent
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Moneycontrol•16-10-2026, 11:34
Maximize Savings: Compare Latest Fixed Deposit Interest Rates Up To 8.25 Percent
- •The Reserve Bank of India raised the repo rate by 25 basis points to 5.50 percent, prompting banks to evaluate and revise their fixed deposit interest rates.
- •Suryoday Small Finance Bank is currently offering the highest fixed deposit interest rate of up to 8.25 percent among listed banks.
- •Several small finance banks including Utkarsh, Equitas, ESAF, Jana, and Shivalik are offering attractive rates ranging between 8.00 and 8.10 percent.
- •Major private and public sector banks such as HDFC Bank, ICICI Bank, and State Bank of India offer fixed deposit rates ranging from 6.45 to 6.50 percent.
- •Financial experts advise spreading deposits across multiple banks to remain within the Rs 5 lakh insurance coverage limit while targeting higher returns.
Key Questions Answered
The Reserve Bank of India raised the repo rate by 25 basis points, moving it from 5.25 percent to 5.50 percent during its Monetary Policy Committee meeting on Wednesday, October 7.
Suryoday Small Finance Bank offers the highest fixed deposit interest rate of up to 8.25 percent.
Experts suggest spreading deposits across multiple banks to remain within the Rs 5 lakh insurance cover, selectively using small finance banks for better returns, and matching deposit tenures with liquidity requirements.
