High-Interest FD Banks: There is hardly anyone in today’s time who does not invest. Let us tell you that there are many investment options, you can invest in mutual funds or FDs. Although investing in mutual funds can be a bit risky, in such a situation you can think about FD. Let us tell you that at this time many small banks are giving good returns on FDs to investors. These banks are giving you up to 9 percent interest. These include banks like North-East Small Finance Bank, Unity, Suryodaya. Let us tell you that you can invest online in the FD of these banks. Here we will tell you about these banks.

Investment in Fixed Deposit

There are many people who want to stay away from the risk of the stock market, in such a situation they still prefer to invest in Fixed Deposit (FD). Let us tell you that many banks are giving great interest to investors on FD. The good thing is that the interest rate for senior citizens in these banks is slightly higher than that of common investors. Here we are listing some banks which are giving up to 9 percent return on FD.

North East Small Finance Bank

This bank offers FD options ranging from 18 months (546 days) to 3 years (1111 days). By investing in it, you get up to 9% interest. Suppose you invest Rs 1 lakh in this bank, then at this interest rate, this amount will grow to Rs 119483 in 2 years. On the other hand, if you invest in it for 3 years, then on maturity you will get Rs 130605, that is, you will get an extra profit of Rs 30605.

Unity Small Finance Bank

This bank is also giving interest to investors at the rate of 9% per annum. The bank is giving this interest rate on investment of 1001 days (2 years 9 months). If you make an FD of Rs 1 lakh in this bank for this period, then on maturity you will get Rs 130605. That is, you will get a return of Rs 30605 on Rs 1 lakh in 1001 days.

Suryodaya Small Finance Bank

In this bank you get 8.6 percent annual interest. However, this benefit will be available to those investors whose FD is between 2 to 3 years. If you make an FD of Rs 1 lakh for two years, then after two years you will get Rs 118551. That is, you will have a profit of Rs 18551. On the other hand, if you make an FD for 3 years, then after 3 years you will get Rs 129080, that is, you will have a profit of Rs 29080.

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Let us tell you, at present State Bank of India (SBI) and Bank of Baroda are providing the facility of FD with high interest rate to the customers. So before investing anywhere, you must check the latest interest rates-

Most people consider FD (Fixed Deposit) as the best investment option. Actually, by investing in FD, the money remains safe and at the same time you also get fixed interest on it at fixed time. And the best thing is that no matter what the market condition is, your interest rate (High FD Interest Rate) will never get reduced.

Often people like to invest in FD of government banks but remain confused as to which bank to invest in? If you are also thinking of investing in FD, then today in this news we will tell you about the best fixed deposit facility of State Bank of India and Bank of Baroda. Let us check where you will get more benefit.

SBI Green Term Deposit Scheme

Senior citizens are getting the benefit of higher interest in the Green Deposit Scheme (SBI Green Deposit Scheme). Senior citizens are getting interest at the rate of 7.15 percent on deposits with tenure of 1111 days and 1777 days. At the same time, interest at the rate of 7.40 percent will be available on deposits with a tenure of 2222 days. Common citizens are getting the benefit of interest at the rate of 6.65 percent on FDs of 1111 days and 1777 days. At the same time, interest is being given at the rate of 6.40 percent on retail deposits maturing in a period of 2222 days.

Who can take advantage of the scheme?

Residents, Non-Individuals and NRI Customers are all eligible to invest in this special deposit scheme. You can avail the benefits of this scheme through branch network. Apart from this, this scheme is not yet available on digital channels like YONO, Internet banking, but it is expected that soon this scheme will also be available online.

Bank of Baroda Earth Green Term Deposit

Apart from this, Bank of Baroda is providing Earth Green Term Deposit facility to the customers. The objective of this scheme of the Bank is to mobilize deposits to fund Qualifying Environmental Initiatives and sectors. The bank has brought this facility to customers with amounts ranging from Rs 5000 to less than Rs 2 crore. The interest rates offered to bank customers are 6.75% for one year tenure, 6.75% for 18 months, 7.17% for 777 days, 6.4% for 1111 days, 6.4% for 1717 days and 6.4% for 2201 days.

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