Many small finance banks are offering strong returns to customers even in the new year. Ordinary citizens are also getting additional interest. Let’s find out which bank is giving more than 9% interest?
Bank FD 2025: Fixed deposits are considered a better option for savings. There are many ranges of tenures available in it. Investors can invest in it from 7 days to 10 or 20 years. Currently, small finance banks are offering attractive interest on FDs. The rates are much higher than many government and private banks.
There are some banks which are offering more than 9% return on fixed deposits in January 2025. This list includes North East Small Finance, Suryoday Small Finance Bank and Unity Small Finance Bank.
North East Small Finance Bank (Small Finance Bank FD)
This small finance bank is offering 3.25% to 9% interest to general citizens on fixed deposits ranging from 7 days to 10 years. At the same time, the interest rate for senior citizens is 3.75% to 9.50%. In this, customers can invest up to Rs 5 crore. The bank is offering the highest return on its FDs ranging from 546 days to 1111 days. The interest rate is 9% for general citizens and 9.50% for senior citizens. The rates are effective from June 24, 2024.
Suryodaya Small Finance Bank (Fixed Deposit)
Suryodaya Small Finance Bank is also offering attractive interest on fixed deposits. It is giving 4% to 8.60 percent interest to general citizens on tenures ranging from 7 days to 10 years. At the same time, the maximum interest rate for senior citizens is 9.10%. The bank is giving the highest interest on its tenure of more than 2 years and up to 3 years. The rates are applicable from 4 September 2024.
Unity Small Finance Bank
Unity Small Finance Bank is also giving better returns to the customers. General citizens are getting 4.50% to 9% interest on FDs ranging from 7 days to 10 years. The bank is offering 0.50 percent extra interest to senior citizens. The highest return is being received on tenure of 1001 days. The interest for general citizens is 9% and for senior citizens it is 9.50%. Interest rates are effective from October 7, 2024.
