highlights
Recently, Suryoday Small Finance Bank increased interest rates on FDs.
The bank gives seniors up to 9.6 percent interest on FDs.
Recently, many banks have increased FD rates.
New Delhi. Investors dream of high returns on their money. Those who do not take risks invest money in time deposits, that is, time deposits, and those who have the ability to take risks turn to the stock market. Fixed-term deposits are considered a traditional and secure form of investment. If you’re thinking of making big returns with FD, then you have a great opportunity. In fact, Suryoday Small Finance Bank recently hiked interest rates on FDs. This bank offers huge interest rates of up to 9.6% on FD.
Suryoday Small Finance Bank has raised rates from 49 to 160 basis points on FDs worth less than 2 crores for 1-5 years. Now, the bank’s general customers benefit from an interest rate between 4 and 9.10 percent, while that rate for seniors ranges from 4.50 to 9.60 percent.
Also read this – Full 9% interest on 700 days FD so why invest elsewhere, which bank offers earning opportunities? learn
Suryoday Small Finance Bank FD courses
The bank charges 6.85 percent interest on 1-year FD. 8.50 percent interest is paid on FDs with a term of 1 to 2 years. The interest rate on FD of 999 days is 9 percent, while the interest rate on FD for a period of 5 years is 9.10 percent. The interest rate increases to 7.25 percent for a period of 32 months, 27 days to 3 years and 5 years to 10 years.
One lakh becomes 1.60 lakh for seniors in 5 years
If a senior trades a FD of 1 lakh rupees with Suryoday Small Finance Bank for 5 years, he will receive 1,60,694 rupees at maturity with a yield of 9.6%.
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Tags: Bank FD, FD prices, fixed deposits, Tips for making money
FIRST RELEASED : May 11, 2023 2:48 PM IST
