FD Rates January: Small Finance Banks Lead with Up to 8% Interest

• Small finance banks offer the highest FD rates, reaching up to 8 percent, significantly more than other bank categories.
• Private sector banks provide up to 7.2 percent interest, while public sector banks offer rates up to 6.7 percent.
• Foreign banks like Deutsche Bank offer competitive rates, with up to 7 percent on select tenures.
• Jana Small Finance Bank leads with 7.77% and Suryoday Small Finance Bank with 7.75% for 1-5 year tenures.
• Depositors should compare rates across bank categories to maximize returns on their fixed deposits.

Why It Matters: Compare FD rates across banks in January to find the highest returns, especially from small finance banks.