Best FD rate bank? Online account creation preferred

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Deal Newbie
muzan_21

Hi could you please help me to select a bank which gives maximum FD return also i prefer to open account online, Thanks

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Deal Lieutenant Deal Lieutenant
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I guess use Stable money app

Deal Lieutenant Deal Lieutenant
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it doesn't have top 4 FD rates.
Unity - 8.65%, north east - 8.5%, ujjivan: 8.45%, jana small bank - 8.35%
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Deal Cadet Deal Cadet
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IndusInd Bank. Try downloading their Indie app and opening an Indie account through that, should work. If FD is your only priority and you're not going to use it regularly, then go for it since their customer support is pathetic, app/website is buggy and sometimes even the simplest things might take weeks to get done. So I don't reply on them for the daily banking needs, but just the FDs.

Also, if you go for it and then decide to create an FD, first compare the FD interest rates of Indie vs Regular accounts. I have a 5% doubt that they might differ just a little. Indie will show you the interest rates while booking an FD, and the other one at https://www.indusind.com/in/en/personal/rate...ml

Deal Cadet Deal Cadet
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There are some small finance banks which might offer a little more interest rates, but I wouldn't recommend them..not worth the headache.
Deal Lieutenant Deal Lieutenant
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Unity FD via wint wealth

Deal Subedar Deal Subedar
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Bhai if bank gets bankrupt, do we get our  principal amount + interest within 90 days as insured by DICGC? or it can take longer time as well

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Deal Lieutenant Deal Lieutenant
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I guess use Stable money app

Deal Lieutenant Deal Lieutenant
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it doesn't have top 4 FD rates.
Unity - 8.65%, north east - 8.5%, ujjivan: 8.45%, jana small bank - 8.35%
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Deal Cadet Deal Cadet
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It is risky to invest in  small finance banks. You won't get full compensation.

Helpful Helpful
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SFB are covered under DICGC Insurance, same as PSU And Pvt banks.

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Deal Subedar Deal Subedar
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Canara 444days

Deal Cadet Deal Cadet
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Only 7.25% interest, while many banks offering around 8%

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Finance Mentor Finance Mentor
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Suryoday bank and unity bank. Suryoday is more responsive, personal opinion. 

Directly go to bank and open FD. Stable money and others won't be helpful if things go south. 

Deal Lieutenant Deal Lieutenant
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Equitas bank 444 days 8.5%

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