FD Interest Rates: The interest rate on FDs offered by both small finance banks for select periods is much higher than investment schemes like PPF (PPF), Employees’ Provident Fund (EPF) and Sukanya Samriddhi Yojana (SSY).
Highest FD Interest Rates: If you are also planning to invest in FD, then this news is useful for you. Yes, bumper interest is being given on FD by some banks. You might be surprised at the interest offered by the banks. More than 9 percent interest is being given by Unity and Suryoday Small Finance Bank on your deposits. The interest rate on FDs offered by both these small finance banks on select tenures is much higher than investment schemes like PPF (PPF), Employees’ Provident Fund (EPF) and Sukanya Samriddhi Yojana (SSY).
Unity Small Finance Bank
Unity Small Finance Bank offers interest ranging from 4.5% to 9% to its regular customers. At present, 9.5% annual interest is being given to senior citizens from this bank. This interest is being given on 1001 days fixed deposit. At the same time, this interest rate for retail investors is 9%. Senior citizens get an interest rate of 4.5% to 9.5% on deposits maturing in 7 days to 10 years from the bank. The deposit interest rate from the bank has been changed from June 14, 2023.
– 9.00% interest on 1001 day deposit (General customers)
– 9.50% interest on 1001 days deposit (Senior Citizen)
Suryoday Small Finance Bank
Suryoday Small Finance Bank is offering 4% to 9.1% interest on FDs maturing in 7 days to 10 years to normal customers. Apart from this, senior citizens get 4.5% to 9.6% interest on deposits maturing in 7 days to 10 years from the bank. The highest interest rate of 9.1% is offered for a tenure of five years. These rates have been implemented by the bank from 5 July 2023. An official of Suryoday Small Finance Bank said that the best thing is that regular customers can get an interest rate of 9.10% on a 5-year deposit. At the same time, for senior citizens, this interest rate is 0.5 percent more i.e. 9.60% interest rate.
– Interest rate of 9.10% for a period of 5 years (Normal customers)
– Interest rate of 9.60% for a period of 5 years (for senior citizens)
