Interest rates of fixed deposits (FDs) have risen in India, particularly in the case of senior citizens. Some small finance banks continue to offer above 9% interest rates on fixed deposits to senior citizens. Unity Small Finance Bank is one such bank that provides interest rates of over 9% for select tenures. Senior citizens can earn 9.25% interest on FDs maturing between 181 and 201 days. Fincare Small Finance Bank offers 9.11% interest on FDs maturing in 1000 days. Jana Small Finance Bank also offers a 9% interest rate on select tenure FDs. Suryoday Small Finance Bank provides an interest rate of 9.6% on five-year FDs, while ESAF Small Finance Bank offers 9% interest on FDs maturing between two and three years. It is important to note that these interest rates are only applicable to senior citizens. Additionally, fixed deposits are protected by the deposit insurance program, which covers deposits up to Rs 5 lakh per depositor for both principal and interest amounts. This insurance program ensures that small private sector banks offering higher FD yields are equally safe as public sector banks and major private sector banks for cumulative deposits of up to Rs 5 lakh. Naveen Kukreja, Co-Founder & CEO of Paisabazaar, advises depositors to consider booking FDs for longer tenures, especially if they are offered at attractive yields. Banks with aggressive credit growth targets or smaller deposit bases may further increase FD rates to achieve their goals.