Friday, February 23rd, 2024

If you want to get FD only, then find small banks in your city, the interest is more than expected, the money is guaranteed by the government.


Highlights:

Some banks are offering an interest rate of up to 9.5 per cent on FD.
In many FD schemes of banks, good interest is also being received from the savings schemes of the post office.
Some small finance banks are offering 9% on FDs to senior citizens.

New Delhi. After increasing the repo rate of RBI, many government to private banks have increased the interest rates on Fixed Deposits (FD). In such a situation, if you are also worried about where getting FD is a profitable deal, then we are going to tell you where and how much interest you will get. Let us tell you that according to the Reserve Bank of India, changes have been made in the policy interest rates many times. Here we will tell about four small finance banks which are offering up to 9.5 percent interest rate on FD to senior citizens.

In many FD schemes of banks, good interest is being received even from the savings schemes of the post office. At the same time, many small finance banks are giving more returns on fixed deposits than post office and traditional banks. Some small finance banks are offering 9% on FDs to senior citizens.

Read This Also:: Interest on FD will be more than before, 7.7 percent on a period of 2 years, the new rate is applicable from today

Will 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/her on the date of cancellation of the bank’s license or on the day of merger or reconstruction. This means that no matter how much money is deposited in the same bank by combining all your accounts, you will get an insurance cover of only Rs 5 lakh.

Suryoday Small Finance Bank
Suryoday Small Finance Bank is offering an interest rate of 4% to 6% to the general public for a period ranging from 7 days to 10 years. On the other hand, senior citizens can avail interest rates of 4.50 per cent to 6.50 per cent during the same period. Apart from this, the bank is offering 7.51 per cent and 8.51 per cent interest rate to general public on FDs of 2 years to 998 days and 8.01 per cent and 8.76 per cent interest rate to senior citizens during the same period.

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Unity Small Finance Bank
Unity Small Finance Bank has introduced three special FD schemes offering interest rates of 8.75 per cent to general public and 9.25 per cent to senior citizens on FDs of 181-201 days. On FDs of 501 days and 1001 days, the bank is giving interest rates of 8.75 per cent and 9 per cent to common people and 9.25 per cent and 9.5 per cent respectively to senior citizens.

Jana Small Finance Bank
Jana Small Finance Bank is offering 8.10 percent interest on FDs with a tenure of 2 to 3 years to its general customers, while senior citizens can avail interest rates of 8.80 percent.

North East Small Finance Bank
North East Small Finance Bank is offering 8.75 percent interest rates to senior citizens on 1111 days FD, while common people can avail interest rates of 8 percent.

Tags: Bank FD, FD Rates, Fixed deposits

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