Private Banks Raise FD Rates, Some Touch 8%+

Several private-sector banks in India are currently offering high fixed‑deposit (FD) rates, for one to two year-tenure. Bandhan Bank and DCB Bank offer up to 8.05 % p.a., IDFC FIRST Bank lists 7.90 % p.a, for select durations, and IndusInd Bank offers as high as 7.99 %. These banks are competing aggressively in the FD space amid rising rate expectations.