After the Reserve Bank of India cut the repo rate this year by 100 basis points since February 2025, many banks have slashed their fixed deposit interest rates in tandem with repo rate cuts. However, there are only a few banks which still offer above 8% for regular citizens even after the FD rate cut. Individuals looking for a higher FD interest rate should lock their FD before even these banks slash their rates.

Here are the banks offering fixed deposit interest rates above 8% for general citizens on amounts below Rs 3 crore.

FD rate up to 9%
Slice Small Finance Bank, earlier known as North East Small Finance Bank is offering a higher FD interest rate of 9% on FD tenure of 18 months 1 day to 18 months 2 days

FD rate up to 8.60%
Unity Small Finance Bank is offering the highest FD interest rate of 8.60% on tenure of 1001 days for general citizens.

FD rate up to 8.40%

FD rate up to 8.25%
Utkarsh Small Finance Bank is offering the highest FD interest rate of 8.25% on tenure of 2 Years (730 Days) up to 3 Years (1095 Days for general citizens.

FD rate up to 8.20%
Jana Small Finance Bank is offering the highest FD interest rate of 8.20% on tenure of 5 Years (1825 Days) for general citizens.

Source- Paisabazaar
Data as on June 18, 2025

Disclaimer: While deposits in small finance banks are insured by the Deposit Insurance Credit Guarantee Corporation (DICGC) up to Rs 5 lakh, experts advise investors to exercise caution when investing in their FDs. Given their unique business model, the risk associated with investing in small finance bank FDs might differ slightly from that of scheduled commercial banks.