Best 4 Fixed Deposits That Give Regular Citizens Above 8.45% Interest

In recent years, fixed deposits have become an attractive investment option for individuals looking for stable returns. With the Reserve Bank of India (RBI) increasing the repo rates from 4% to 6.5%, banks have raised their fixed deposit rates to meet the growing demand for loans.

While most fixed deposits offer interest rates ranging from 7% to 8% for regular citizens, there are a few options available that provide even higher returns, surpassing the 8.45% mark. Let’s take a look at these four fixed deposit options that offer attractive interest rates.

4 Fixed Deposits Offering Regular Citizens Above 8.45% Interest

1. Unity Small Finance Bank

With an interest rate of 9%, Unity Small Finance Bank offers one of the most competitive rates for fixed deposits. This rate is applicable for a period of 1001 days. It is worth noting that senior citizens are entitled to even higher interest rates. Small finance banks like Unity and Ujjivan often provide better interest rates compared to full-fledged commercial banks.

2. Jana Small Finance Bank:

Jana Small Finance Bank offers an interest rate of 8.50% for fixed deposits ranging from 366 to 499 days. If you choose to invest for a period of 501 days to 2 years, regular depositors will still enjoy the same interest rate of 8.50%. Moreover, deposits up to Rs 5 lakhs are insured, ensuring the safety of your investment.

3. Ujjivan Small Finance Bank:4

Ujjivan Small Finance Bank offers a maximum interest rate of 8.25% for regular depositors and up to 8.75% for senior citizens on their regular fixed deposits. However, their platina deposits provide slightly higher interest rates, reaching up to 8.45% for regular depositors. It’s important to note that the platina deposits require a minimum deposit of Rs 15 lakhs and above.

4. Equitas Small Finance Bank:

Equitas Small Finance Bank also offers competitive interest rates, reaching as high as 8.50% for regular fixed deposits. Like Ujjivan, Jana, and Unity, Equitas is a small finance bank. It is advisable for investors to consider long-term deposits to capitalize on the current peak interest rates. Some banks have already shown signs of reducing their interest rates, and it is expected that policy rates might decline further by the end of the year.

These fixed deposit options provide regular citizens with an opportunity to earn attractive returns on their investments. However, it is essential to carefully assess your financial goals, risk tolerance, and investment horizon before making any decisions. Additionally, it is recommended to consult with a financial advisor who can guide you in selecting the most suitable investment option based on your individual circumstances.


In conclusion, while the majority of fixed deposits offer interest rates ranging from 7% to 8%, there are a few banks that provide higher returns. Unity Small Finance Bank, Jana Small Finance Bank, Ujjivan Small Finance Bank, and Equitas Small Finance Bank offer interest rates above 8.45%, making them appealing choices for individuals seeking stable and lucrative investment opportunities.

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