Bank FD Update: Small finance bank is offering 9% interest on 3 Year FD, check details

Jyoti — Sat, 12 Oct 2024 09:07:30 +0000

Bank FD Update: Let us tell you that fixed deposit provides the investor a fixed interest rate on the lump sum amount deposited in the bank for a fixed period and it can be determined using the fixed deposit return calculator.

Bank FD Update: The interest rates have not been changed by the Reserve Bank of India (RBI) for the 10th consecutive time. After this, banks and small finance banks are giving strong interest on FD. By taking advantage of this opportunity, you too can get great returns by investing in FD. Today we are telling you about a small finance bank. This bank is giving interest at the rate of 9% on 3-year FD. At the same time, it is giving 7% interest on one-year FD.

North East Small Finance Bank

North East Small Finance Bank (NESFB) is giving interest at the rate of 9% on 3-year FD of general citizens. At the same time, it is giving interest at the rate of 7% on one-year FD and 6.25% on 5-year FD. Let us tell you that fixed deposit offers the investor a fixed interest rate on the lump sum amount deposited in the bank for a fixed period and it can be determined using the fixed deposit return calculator. Premature fixed deposit withdrawal means that the investor withdraws the fixed deposit before the maturity date.

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Bumper interest is being offered on FD

Interest rates on FD are at a high level due to several rate hikes by RBI in 2022. Interest rates vary depending on the FD period, amount invested, bank, fluctuations in repo rate.

Bank FD Update: These 3 banks have increased the interest on fixed deposits, See new rates

Pravesh Maurya — Tue, 28 Nov 2023 05:08:24 +0000

Three banks have increased the interest rates on fixed deposits. All banks are offering more than 7% interest to common citizens.

Bank FD: Fixed Deposit is considered a better option for investment. Investors get fixed interest on it for a fixed term. Besides, it is also considered a safe option of investment. Apart from this, there is no hassle of depositing money again and again. Banks keep revising interest rates frequently. This week three banks have increased the interest rates on FD. Yes Bank, RBL Bank and ICICI Bank are included in this list. Let us know how much interest these banks are currently offering on FD.

Yes Bank

Yes Bank is offering 3.25% to 7.75% interest to common citizens on FD of 7 days to 10 years. Whereas the interest rates for senior citizens range from 3.75% to 8.25%. The bank is offering the highest interest on FDs of 18 months to less than 24 months, the rates are 7.75%. 7.25% interest is available on one year FD. The bank is offering 7.25% interest on 60 months deposit.

RBL Bank

RBL Bank has increased FD interest rates by 50 bps. It is offering 3.50% to 8% interest on FD of 7 days to 10 years. The highest interest rate is available on deposits of 546 days to 24 months. Whereas senior citizens are getting 0.5% more returns.

ICICI Bank

ICICI Bank has also changed the interest rates of fixed deposits. The bank is offering 4.75% to 7.25% interest to common citizens on FDs of less than Rs 2 crore. More than 7% returns are available on deposits of more than 1 year.

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