It is always a better idea to make one with the maximum interest rates and to ease the quest of better offer; we bring to you four banks which are offering an interest rate of over 8% on the Fixed Deposits.

The bank now offers an interest rate of 6.4 per cent to general public and 6.9 per cent to senior citizens on fixed deposits of below Rs. 2 crore for a tenor of '1 year to less than 2 years' tenor.

This comes after the Reserve Bank of India (RBI) recently reduced 1.1 percentage point in the repo rate - the key interest rate at which it lends short-term funds to commercial banks - so far this year.

Fixed Deposits have established themselves as one of the safest investment instruments as compared to ever so volatile stock markets, mutual funds and gold. It is one of the best ways to grow your funds while ensuring the safety of your principal amount. It is one of the most popular investment choices, especially for investors who have absolutely zero risk-taking capacity.