New Delhi, Nov. 12 -- The Reserve Bank of India (RBI) increased the benchmark repo rate by 25 basis points to 5.50% on 7 October, its first rate hike since February 2023. Following the policy change, fixed deposit (FD) interest rates have come into focus as banks adjust their deposit offerings to attract investors.

For depositors looking to lock in their savings, small finance banks, private sector banks and public sector banks offer different interest rates across tenures. As of 11 November, Suryoday Small Finance Bank offers the highest FD interest rate of 8.25% among the banks.

Here are five banks offering the highest FD rates in each category, along with their rates for one-year, three-year, and five-year deposits.

Suryoday Small F...