Which bank gives 9.5% interest on FD?

Airtel Payments Bank Offers 9.5% Interest on 1-Year Fixed Deposits

Looking for a safe investment with a solid return? Airtel Payments Bank is currently offering an industry-leading interest rate of 9.5% on 1-year fixed deposits (FDs), making it one of the most attractive options in the current market. This high yield is particularly appealing at a time when most traditional banks offer significantly lower rates on similar tenures.

The fixed deposit scheme is open to individuals with deposit amounts ranging from just ₹1,000 to ₹1.5 lakh, making it accessible for small investors and first-time savers. What sets this option apart is convenience—customers can open their FDs directly through the Airtel Thanks app, eliminating the need to visit a branch or fill out lengthy forms. The entire process is digital, fast, and secure, fitting seamlessly into a mobile-first lifestyle.

Backed by the trusted Airtel brand, Airtel Payments Bank provides a reliable and secure platform for digital banking services. As a regulated entity under the oversight of the Reserve Bank of India (RBI), deposits are protected, and customers benefit from the same level of trust they expect from established financial institutions.

This 9.5% FD offer is ideal for those seeking short-term investment options with higher returns without compromising on safety. Whether you're saving for a specific goal or just want your idle cash to work harder, this fixed deposit could be a smart move. Keep in mind, though, that promotional rates may be time-limited, so acting sooner could mean securing better returns before any potential adjustments.

With ease of access, competitive returns, and the backing of a well-known name in telecom and fintech, Airtel Payments Bank's FD option is worth considering for retail investors in 2024.