highlights
Some banks offer an interest rate of up to 9.5 percent on FD.
In many FD systems of the banks, the savings banks of the post office also earn good interest.
Some small financial banks offer seniors 9% on FDs.
New Delhi. Following the increase in the RBI’s repo rate, many state and private banks have increased interest rates on fixed deposit (FD) deposits. If in such a situation you are also worried about where it is a profitable business to get FD, then we will tell you where and how much interest you will get. Let us inform you that according to the Reserve Bank of India, the key interest rates have been changed many times. Here we tell about four small financial banks that offer seniors up to 9.5 percent interest rate on FD.
In many banks’ FD systems, even the savings banks of the post office earn good interest. At the same time, many small financial banks achieve higher returns on fixed-term deposits than postal and traditional banks. Some small financial banks offer seniors 9% on FDs.
Also read: FD bear more interest than before, 7.7 percent over 2 years, the new interest rate applies from today
get money guarantee
As per DICGC guidelines, each depositor in the bank is insured up to a maximum of Rs 5 lakh for the amount of principal and interest with him on the day the bank’s license is revoked or on the day of merger or reconstruction. This means that no matter how much money is deposited at the same bank, by combining all your accounts you can get insurance coverage from just Rs 5 lakh.
Suryoday Small Finance Bank
Suryoday Small Finance Bank offers the general public an interest rate of 4% to 6% for a period of 7 days to 10 years. On the other hand, seniors can enjoy interest rates ranging from 4.50 percent to 6.50 percent over the same period. Apart from that, the bank offers the public 7.51 percent and 8.51 percent interest rate for FDs from 2 years to 998 days and 8.01 percent and 8.76 percent interest rate for seniors in the same period.
Also read this: Delhi-Mumbai Expressway takes you to beautiful cities, your favorite place is included, see the complete list
Unity Small Finance Bank
Unity Small Finance Bank has launched three special FD programs offering interest rates of 8.75 percent for the general public and 9.25 percent for seniors on FDs 181 to 201 days. On FDs of 501 days and 1001 days, the bank gives interest rates of 8.75 percent and 9 percent for common people and 9.25 percent and 9.5 percent, respectively, for seniors.
Jana Kleine Finanzbank
Jana Small Finance Bank offers its general customers 8.10 percent interest on FDs with a term of 2 to 3 years, while seniors can take advantage of interest rates of 8.80 percent.
North East Small Finance Bank
North East Small Finance Bank offers seniors 1111 Day FD interest rates of 8.75 percent while ordinary people can avail interest rates of 8 percent.
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Tags: Bank FD, FD prices, fixed deposits
FIRST RELEASED : Feb 18, 2023 7:22 AM IST
