Given that India’s top banks are offering a maximum fixed deposit interest rate of approximately 7.10%, investors may explore investing in dividend-paying stocks to achieve higher returns. Nevertheless, it’s important to note that dividend yield is not always guaranteed, unlike debt instruments, and fluctuations in the market can impact overall returns. As of February 22, 2023, we have utilized data from ACE Equity to identify the top 9 high-dividend-yielding stocks that yield over 8% from the BSE 500 list.

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