If you also want to keep money in FD, then it would be better to turn to small finance banks. For some time now, all banks have increased the interest rates on FD. Despite this, the interest rates in State Bank of India, Punjab National Bank and other big banks are low. Interest rates are much better in small finance banks. Let us know how much return is being received in which bank.

Keeping money in Fixed Deposit (FD) is considered very safe. Now, there is a government guarantee on the amount kept in banks up to Rs 5 lakh. Guarantee means that if the bank collapses, you will definitely get Rs 5 lakh. With this guarantee, FD in banks has been made even more effective.

AU small finance bank: If you deposit money in this bank for a period of 18 months, you will get interest at the rate of 8 percent. Since interest is earned on interest, the annual interest rate will be 8.24%.

Equitas Small Finance Bank: You can get 8.20 percent interest on FD for one year. You get 8 percent interest on deposits for 3 years, and up to 7.25 percent interest on keeping money in FD for 5 years.

Fincare Small Finance Bank: You can get interest up to 8.11 percent on making FD in this bank. This interest will be available on keeping the money for 3 years. 8 percent interest is being given for 5 years.

Jana Small Finance Bank: This bank offers 8.50 percent interest rate on keeping money for 1 year. If money is kept for 3 and 5 years, 7.25 percent interest will be given.

Suryoday Small Finance Bank: If you make FD in this bank for 3 years, you will get interest at the rate of 8.60 percent per annum. The interest will be 8.25 percent for 5 years.

Ujjivan Small Finance Bank: In this bank, 8.25 percent annual interest is offered on FD for 1 year. 7.20 percent interest is given for the period of 3 and 5 years.

Unity Small Finance Bank: If you keep money in Unity Small for 3 and 5 years, you will get 8.15 percent interest. If you keep the money only for one year, you will get interest at the rate of 7.85 percent.

Utkarsh Small Finance Bank: If you want to keep money in this bank for 3 years, you can get 8.50 percent annual interest, whereas for 1 year you will get 8 percent interest.

Let us tell you that this interest rate is till 19 February 2024. Banks can make changes in these at any time. Also note one tip that if you have to keep more than Rs 5 lakh in FD, then keep it in different banks. If any bank collapses under any circumstances, you can get back Rs 5 lakh kept in the bank.

The post Higher FD Interest Rate : If you want highest interest on FD then keep money in these banks, neither SBI nor PNB is in the list, so who? first appeared on Rightsofemployees.com.

While some investments are risky, some investments are quite safe as well. Many people give more importance to safe investment and invest money in FD. Fixed Deposit (FD) is considered to be one of the most common financial instruments to invest your hard earned money. Bank FDs are considered to be the most preferred investment option as it is considered safer than investing in equities like stocks, SIPs or mutual funds (MFs).

At the same time, small finance banks offer higher interest rates on FDs as compared to commercial banks. In such a situation, today we are going to talk about those banks which provide 9% interest on FD.

Unity Small Finance Bank Latest FD Interest Rates

It offers interest rates between 4.5% to 9% for regular customers. It currently offers an interest rate of 9.5% per annum to senior citizens. Retail investors get 9% on FD with conditions. These rates are effective from 2 May 2023.

Unity Small Finance Bank Latest FD Interest Rates for Individuals

– 6 Months to 201 Days: 8.75%
– 501 Days: 8.75%
– 1001 Days: 9.00%

Unity Small Finance Bank Latest FD Interest Rates for Senior Citizens

– 6 Months to 201 Days: 9.25%
– 501 Days: 9.25%
– 1001 Days: 9.50%

Utkarsh Small Finance Bank Latest FD Interest Rates

Deposits maturing in 700 days in Utkarsh Small Finance Bank will now earn a maximum interest rate of 8.25% for general public and 9% for senior citizens. According to the official website of the bank, the new FD rates are effective from 27 February 2023. The bank offers FDs to senior citizens with interest rates ranging from 4.75% to 9%.

Utkarsh Small Finance Bank Latest FD Interest Rates for Citizens

– 700 days 8.25%

Utkarsh Small Finance Bank Latest FD Interest Rates for Senior Citizens

– 700 Days 9.00%

Fincare Small Finance Bank Latest FD Interest Rates

Fincare Small Finance Bank now offers interest rates on FDs ranging between 3% to 8.4% for general citizens and 3.60% to 9.01% for senior citizens. The highest interest rate of 9.01% is offered for a tenure of 1000 days. These rates are applicable from March 24, 2023.

Fincare Small Finance Bank Latest FD Interest Rates for Citizens

– 1000 days – 8.4%

Fincare Small Finance Bank Latest FD Interest Rates for Senior Citizens

– 1000 days 9.01%

Related Article

The post Higher FD Interest Rate: This bank is giving 9% interest on FD, you will not get this much anywhere first appeared on Rightsofemployees.com.

Post revision, the bank is currently offering interest rates on deposits maturing in 7 days to 10 years which ranges from 4.00% to 5.25% for general public and 4.50% to 5.75% for senior citizens. The bank is now offering a maximum return of 8.00% for general public and 8.50% for senior citizens for a deposit period of 999 days (2 years 8 months and 25 days).

Know interest rates for all maturity periods

The bank is now offering an interest rate of 4.00% on deposits maturing in 7 to 14 days, while ESAF Small Finance Bank (SFB) is also offering an interest rate of 4.00% on deposits maturing in the next 15 to 59 days is offering an interest rate of 4.50%. Deposits of 60 days to 90 days will now fetch interest at the rate of 5.00%, while deposits of 91 days to 182 days will fetch interest at the rate of 5.25%.

Deposits with maturity between 183 days and 1 year will now fetch interest at the rate of 5.50%, while deposits with maturity of 1 year and 1 day and less than 2 years will now fetch 7.50%. The bank is now offering an interest rate of 7.75% on deposits maturing in 2 years to 998 days, while ESAF Small Finance Bank (SFB) is currently offering an interest rate of 7.75% on deposits maturing in 999 days (2 years 8 months and 25 days) Offering a maximum interest rate of 8.00%.

The interest rate on deposits maturing in 1000 days to less than 3 years is currently 7.75%, while the interest rate on deposits maturing in 3 years to less than 5 years is 5.75%. Deposits with maturity between five and ten years will now get interest at the rate of 5.25%. For all deposit tenures, senior citizens will continue to get an additional rate of 50 bps over and above the regular rates.

The post Higher FD Interest Rate: Get 8 to 8.50% interest on Fixed Deposit, this bank has made an offer, know maturity period first appeared on Rightsofemployees.com.