After the US Federal Reserve reduced the interest rates by 0.50%, now the Reserve Bank of India can also reduce the repo rate in the next Monetary Policy Committee meeting. If this happens, it will also affect the interest rates of fixed deposits and banks will reduce the interest. Currently, FDs in the country are getting up to 9.5 percent annual interest.
FD Highest Interest Rate: For the past two years, investors have been getting excellent interest on FD accounts of banks and NBFCs. If you also want to get good interest on FD, then you should invest now. The reason for this is that there is a possibility of reduction in FD interest rates in the future, the possibility of increase is very low. Today we will tell you about those banks of the country which are giving the highest interest on fixed deposits.
Unity Small Finance Bank is giving the highest interest on FDs in the country. The bank is giving 9% annual interest to general customers and 9.5% annual interest to senior citizens on FDs with a duration of 1001 days. Interest is being given at the rate of 7.85% on 1 year FD, 8.15% for 3 years and 8.15% for 5 years. Senior citizens are being given 0.50% more interest.
North East Small Finance Bank is also giving 9% interest to general customers on 1111 days period and 9.5% annual interest to senior citizens. Similarly, the bank is giving 7% interest to general customers on 1 year FD, 9% on 3 year FD and 6.25% on depositing money for 5 year period.
Suryoday Small Finance Bank is offering 8.65% interest to general customers and 9.15% to senior citizens on a period of 2 years 2 days. The bank’s interest rate for FDs with a tenure of 1 year is 6.85%, for 3 years it is 8.60% and for 5 years it is 8.25%.
Shivalik Small Finance Bank is giving 8.55% interest to general customers and 9.05% annual interest to senior citizens on FDs with tenure of 18 months to 24 months. The bank is giving 6% interest on FDs for one year, 7.50% interest on deposits for 3 years and 6.50% interest for 5 years.
If you make an FD for a period of 2 to 3 years in Utkarsh Small Finance Bank, you will get 8.5% interest. The bank is giving 9.10% annual interest to senior citizens. The interest rate on 1 year FD is 8%, 3 year fixed deposit is 8.5% and 5 year FD is 7.75%.
