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You are currently viewing Fixed Deposit vs. Public Provident Fund: In September, 29 banks offered FD interest rates that were greater than PPF rates.

Fixed Deposit vs. Public Provident Fund: In September, 29 banks offered FD interest rates that were greater than PPF rates.

As of September 2023, several banks are offering fixed deposit interest rates higher than the Public Provident Fund (PPF) rate of 7.1%. While PPF provides guaranteed returns and tax advantages, fixed deposits have shorter terms. Here are the banks offering higher interest rates on fixed deposits for both general and senior citizens:

  1. RBL Bank FD: Up to 7.80% for general citizens and up to 8.30% for senior citizens.
  2. IDFC First Bank FD: Up to 7.50% for general citizens and up to 8.00% for senior citizens.
  3. KVB Bank FD: Up to 7.20% for general citizens and up to 7.70% for senior citizens.
  4. Canara Bank FD: Up to 7.25% for general citizens and up to 7.75% for senior citizens.
  5. Punjab National Bank FD: Up to 7.25% for general citizens and up to 7.75% for senior citizens.
  6. Bank of Baroda FD: Up to 7.05% for general citizens and up to 7.55% for senior citizens.
  7. Kotak Mahindra Bank FD: Up to 7.25% for general citizens and up to 7.75% for senior citizens.
  8. Axis Bank FD: Up to 7.10% for general citizens and up to 7.85% for senior citizens.
  9. HDFC Bank FD: Up to 7.25% for general citizens and up to 7.75% for senior citizens.
  10. State Bank of India FD: Up to 7.10% for general citizens and up to 7.60% for senior citizens.
  11. ICICI Bank FD: Up to 7.10% for general citizens and up to 7.60% for senior citizens.
  12. IDBI Bank FD: Up to 6.80% for general citizens and up to 7.30% for senior citizens.
  13. Yes Bank FD: Up to 7.75% for general citizens and up to 8.25% for senior citizens.
  14. IndusInd Bank FD: Up to 7.50% for general citizens and up to 8.25% for senior citizens.
  15. Central Bank of India FD: Up to 6.75% for general citizens and up to 7.25% for senior citizens.
  16. Indian Bank FD: Up to 7.25% for general citizens and up to 7.75% for senior citizens.
  17. Indian Overseas Bank FD: Up to 7.25% for general citizens and up to 7.75% for senior citizens.
  18. Bandhan Bank FD: Up to 7.85% for general citizens and up to 8.35% for senior citizens.
  19. Suryoday Small Finance Bank FD: Up to 9.10% for general citizens and up to 9.60% for senior citizens.
  20. Ujjivan Small Finance Bank FD: Up to 8.25% for general citizens and up to 8.75% for senior citizens.
  21. ESAF Small Finance Bank FD: Up to 8.50% for general citizens and up to 9.00% for senior citizens.
  22. Unity Small Finance Bank FD: Up to 9.00% for general citizens and up to 9.50% for senior citizens.
  23. Jana Small Finance Bank FD: Up to 8.50% for general citizens and up to 9.00% for senior citizens.
  24. Utkarsh Small Finance Bank FD: Up to 8.25% for general citizens and up to 8.60% for senior citizens.
  25. Equitas Small Finance Bank FD: Up to 8.50% for general citizens and up to 9.00% for senior citizens.
  26. Fincare Small Finance Bank FD: Up to 8.51% for general citizens and up to 9.11% for senior citizens.
  27. AU Small Finance Bank FD: Up to 7.75% for general citizens and up to 8.25% for senior citizens.
  28. Capital Small Finance Bank FD: Up to 7.50% for general citizens and up to 8.00% for senior citizens.
  29. North East Small Finance Bank FD: Up to 8.50% for general citizens and up to 9.25% for senior citizens.

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