Many small finance banks are currently offering more than 8 percent interest on one year FD. Let us tell you that at present the country’s largest government bank SBI is giving 6.80% interest on the tenure of one year.
Bank FD: Fixed Deposit is considered a safe and profitable option for investment. At present there are many banks which are offering attractive interest on FD. Money has to be deposited in FD for a fixed period of time. The amount of investment depends on the wishes of the customers. Most public sector banks give 6-7 percent interest on one year deposits. Whereas public sector banks are offering 6-7.5 percent interest. But there are some banks which are offering more than 8 percent interest on one year tenure. Such banks have been mentioned here.
Ujjivan Small Finance Bank
This small finance bank is currently offering 8.25 percent interest on one year FD. Whereas it is giving 7.20 percent interest on tenure of three years and 5 years.
Shivalik Small Finance Bank
This bank is also giving good interest on 1 year FD. The rates are 8.10 percent. At the same time, 8 percent interest is available on the tenure of 3 years and 7 percent interest on the tenure of 5 years.
Equitas Small Finance Bank
This bank is offering 8.20 percent interest on one year fixed deposits. 8% interest is available on 3 year FD and 7.25% interest on 5 year FD. Apart from this, Jana Small Finance Bank and Utkarsh Small Finance Bank are offering 8 percent interest on one year deposits.
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