Fixed Deposits: Fixed Deposit (FD) is a very good option for safe investment of your savings. By investing in FD, you get guaranteed income after a fixed period.
Let us tell you that apart from the big banks of the country like SBI and HDFC, Small Finance Banks (SFB) are also giving huge interest rates to their customers. Let us know about such banks which are giving interest up to 8.60% to their customers on 3 year FD.
1. Suryoday Small Finance Bank is giving 8.6% interest to its customers on 3 year FD. That means if you invest Rs 1 lakh initially, it will become Rs 1.29 lakh after 3 years.
2. AU Small Finance Bank and Equitas Small Finance Bank are offering 8% interest to their customers on 3 year FD. That means, if an investor invests Rs 1 lakh initially, his amount will increase to Rs 1.27 lakh after 3 years.
3. Deutsche Bank is giving 7.75% interest to its customers on 3 year FD. In such a situation, if an investor invests Rs 1 lakh initially, his amount will become Rs 1.26 lakh after 3 years.
4. DCB Bank is giving 7.60% interest to its customers on 3 year FD. In such a situation, if an investor invests Rs 1 lakh initially, his amount will increase to Rs 1.25 lakh after 3 years.
5. Bandhan Bank, IDFC First Bank and IndusInd Bank are offering 7.25% interest on 3 year HD to their customers. In such a situation, if an investor initially invests Rs 1 lakh in the FD of these banks, then this amount will increase to Rs 1.24 lakh after 3 years.
6. Ujjivan Small Finance Bank is offering 7.20 percent interest to its customers on 3 year FD. That means, if you invest Rs 1 lakh in this FD, then after 3 years you will get a return of Rs 1.24 lakh.
Disclaimer: Only information about share performance is given here, it is not investment advice. Investing in stock market is subject to risk and please consult your advisor before investing.
