8% FD interest in traditional banks: Where will you get the best return — public sector or private banks?
Last Update Date: 06-10-2026
Published by The Economic Times
Abhishek Kumar's role: Quoted
Abhishek Kumar explained that banks were paying more on short-term deposits because depositors expected inflation to stay high in the near term, while over longer periods banks expected the repo rate to ease.
More of Abhishek's views on saving and deposits
Written as bank fixed deposit rates touched 8% in 2023, the article compares FD rates at public and private sector banks across tenures. It explains why rates differ, why bank safety matters for large deposits, and how deposit insurance of up to ₹5 lakh per bank can shape where money is placed.
Publisher source
8% FD interest in traditional banks: Where will you get the best return — public sector or private banks?