Yes Bank revises RoI on FDs to 7.75%; but where can you get even more?

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Yes Bank has revised fixed deposit interest rates. Account holders can now earn as high as 7.75 per cent interest rate on fixed deposits with the private lender. But to get this interest rate, account holders will have to open the FD for a period of 18-24 months with the private lender. Senior citizens will get 8.25 per cent interest rate on this FD.

But is 7.75 per cent currently the highest interest rate that one can get by opening an FD with any of the private lenders in the country?

No!

RBL Bank is currently giving the highest interest rate on bank FDs. The Mumbai-based private lender is giving as high as 7.80 per cent RoI on FDs of 15 months to less than 2 years. Elderly will get 8.30 per cent interest rate on this fixed deposit.

Even DCB Bank is giving 7.75 per cent RoI on FDs

If account holders open FD with DCB Bank, then, also, they can get as high as 7.75 per cent RoI. But for this, they will have to open the FD for 700 days to 2 years. DCB Bank is giving 0.75 per cent additional rate to senior citizens. Elderly will get 8.50 per cent interest. This is the highest interest rate that any private sector bank is currently giving to senior interest.

7.50 per cent RoI with IndusInd Bank, IDFC First Bank

On the other hand, IndusInd Bank is giving as high as 7.50 per cent interest on FDs of 1 year to less than 1 year 6 months. The Mumbai-based lender is giving 0.75 per cent additional rate to senior citizens. Elderly will get 8.25 per cent interest on this FD.

IDFC First Bank is also giving RoI of 7.50 per cent on FDs of 1 year 1 day to 550 days. Senior citizens will get 8 per cent RoI on this FD.

7.30 per cent RoI with Federal Bank

Federal Bank on the other hand is giving interest rate of as high as 7.30 per cent on FDs of 13 months to 21 months. Federal Bank is giving 0.77 per cent additional rate to senior citizens. Elderly will get 8.07 per cent interest on this FD.

Highest RoI on FDs with different private banks:

7.25 per cent RoI with HDFC Bank, Dhanlaxmi Bank

While, HDFC Bank is giving interest rate of as high as 7.25 per cent on FDs of 4 year 7 months to 55 months. With Dhanlaxmi Bank also, depositors can get as high as 7.25 per cent rate. But for this, they will have to open the FD for 18 months and 7 days.

7.20 per cent RoI with Kotak Mahindra Bank, South Indian Bank, Karur Vyasa Bank

With Kotak Mahindra Bank, account holders can get highest of 7.20 per cent interest on 390 days FDs.

If account holders open FD with the South Indian Bank, then, they can get as high as 7.20 per cent RoI. But for this they will have to open the FD for 500 days. But senior citizens will get similar rate on this FD. Elderly will not get any additional rate on this FD.

Even with Karur Vyasa Bank, depositors can get as high as 7.20 per cent RoI. But for this, they will have to open FD of 444 days.

7.10 per cent RoI with ICICI Bank

ICICI Bank is also giving as high as 7.10 per cent but on FDs of 15 months to 18 months.

7.00 per cent RoI with City Union Bank

With FDs of 400 days with City Union Bank, account holders can get highest of 7 per cent interest rate.

6.80 per cent RoI with IDBI Bank

On the other hand, account holders will get highest of 6.80 per cent on fixed deposits opened with IDBI Bank. They will get this much rate of interest on FDs of 1 year to 2 years. Senior citizens will get 0.50 per cent additional rate.