Highest FD Rates: There is still a chance, these banks are giving more than 8% interest on FD, check the full list..

Mutual funds are indeed becoming popular among investors. But even today people show more trust in fixed deposits. Today we have brought a list of such banks, in which more than 8% interest is being offered.

If you are also planning to invest in FD, then this article can help you in making a decision. Most of the list we have included below are Small Micro Finance Banks. Usually, people shy away from investing on hearing the name of a Small Finance Bank. Let us tell you that your money is completely safe in these because according to the guidelines of the Reserve Bank, investors get insurance up to a maximum of 5 lakhs on FD.

More than 8% interest is available here.

In the list given above, Jana Small Finance Bank is giving the highest interest. This interest is being given on a 5-year FD. After this, Unity Small Finance Bank and Suryoday Small Finance Bank are offering 8 percent interest on a 5-year FD.

Apart from this, Slice Small Finance Bank and Utkarsh Small Finance Bank are offering 7.75 percent interest on a 5-year FD.

You can also choose SCSS.

If you want more than 8% interest on investment, then you can start FD in the name of your parents or grandparents. A person aged 60 years or above is given 0.50 percent more interest than the normal interest rate.

Similarly, at present 8.2 percent interest is being offered in the Senior Citizen Scheme of the Post Office.

Disclaimer: This content has been sourced and edited from Dainik Jagran. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.