FD Interest Rates: FDs which once gave a maximum of 5-6 per cent returns are today giving 9 per cent returns to investors. RBI is continuously increasing the repo rate. The effect of this is that interest rates are increasing on loans as well as deposits. At present, the major banks of the country are offering an interest rate of up to 8 percent on FDs. Senior citizens are also getting more interest than this. At the same time, Small Finance Banks are also offering 9% and above returns on FDs. Today we are going to tell you about two such banks, which are offering more than 9 percent interest rate to senior citizens.
Unity Small Finance Bank
For senior citizens, this bank is offering an interest rate of 4.5 to 9 per cent. This small finance bank is offering 9% interest rate to senior citizens on FDs of 181 days and 501 days. At the same time, retail investors are getting 8.50 per cent interest on FDs of this period.
Suryoday Small Finance Bank
Suryoday Small Finance Bank has changed the interest rates on FDs below Rs 2 crore. According to the official website of the bank, the new rates have become effective from 6 December 2022. The Bank has revised the interest rates for all tenors. The bank offers FDs for tenures ranging from seven days to ten years. It is offering 4 to 9 percent interest on these FDs for general citizens and 4.50 percent to 9.59 percent for senior citizens.
These banks are also getting good returns
Utkarsh Small Finance Bank is offering minimum 8 percent interest rate to general citizens and maximum 8.75 percent interest rate to senior citizens. Apart from this, Ujjivan Small Finance Bank is offering a maximum interest rate of 8% to general citizens and 8.75% to senior citizens. Similarly, Shivalik Small Finance Bank is offering a maximum interest rate of 7.50 per cent for general citizens and 8 per cent for senior citizens.
