These banks are giving up to 9.50% interest on Fixed Deposits. See the rate list.
The special thing about bank FD is that the risk is very less in this. While the returns in the stock market are not guaranteed.
Generally, the returns offered on FDs are low but some banks are offering returns of up to 9.5% on FDs.
1- Utkarsh Small Finance Bank View the interest rates of Utkarsh Small Finance Bank. These new FD rates are effective from 27 February.
FD Duration: 700 days Interest Rate for General Citizens: 8.25% Interest rate for senior citizens: 9.00%
2- Finserv Small Finance Bank View the interest rates of Finserv Small Finance Bank. These rates are effective from March 24.
FD Duration: 1000 days Interest Rate for General Citizens: 8.4% Interest rate for Senior Citizens: 9.01%
3- Unity Small Finance Bank View the interest rates of Unity Small Finance Bank. These interest rates are effective from 2 May 2023.
Tenure: Above 6 months and up to 201 days Interest Rate for General Citizens: 8.75% Interest rate for senior citizens: 9.25%
Duration: 501 days Interest Rate for General Citizen:8.75% Interest rate for senior citizens: 9.25%
Duration: 1001 days Interest Rate for General Citizens: 9.00% Interest rate for senior citizens: 9.50%
With the increase in interest rates, now a large number of people are investing money in Fixed Deposits (FD).