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Mid-December FD rates: Small banks flexing up to 8 percent

Mid-December FD rates: Small banks flexing up to 8 percent

Listen up, depositors! Mid-December has rolled in, and Indian banks are throwing down some fierce fixed deposit rates. Small finance banks are flexing their muscles with jaw-dropping rates up to 8 percent, while the big boys are lagging behind. The Rock says, if you want that cash to grow, make the smart choice and get in the ring with the best!

Quick rundown

  1. Small finance banks offer the highest FD rates.
  2. Private-sector banks provide moderate returns.
  3. Public-sector banks have the lowest FD rates.
  4. Foreign banks offer limited but competitive options.
  5. Interest rates vary significantly across bank types.

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