FD Interest Rate: If you also want to get the highest interest rate on your investment, then this news will make you happy. Yes, for this, apart from all the government investment schemes, you can also invest in FD. Investing in FD is one of the safest ways. Interest rates on FD are paid by banks at different rates. In the last one year, RBI has increased the repo rate by 250 basis points. After this, banks have also increased the interest rates rapidly. Let us know about the interest rates offered by small finance banks-
Suryoday Small Finance Bank is offering annual interest rates ranging from 4 percent to 8.60 percent. The highest interest rate of 8.60% is being given by the bank on tenure of two to three years. The bank has implemented the new rates from August 7, 2023.
Unity Small Finance Bank is offering FDs with tenure ranging from 7 days to 10 years. The bank is offering interest rates ranging from 4.50 percent to 9 percent on different tenures. The bank is giving an interest rate of 9 percent on a period of 1001 days. At the same time, interest rate of 7.65 percent is available for the period ranging from 1002 days to 3 years.
You can also make FD from 7 days to 10 years in Fincare Small Finance Bank. Here interest rates ranging from 3 percent to 8.61 percent are being provided. The bank is giving an interest rate of 8.61 percent on FD of 750 days i.e. about two years. At the same time, interest of 8.15 percent is available on FDs ranging from 751 days to two and a half years. These rates are applicable from October 28, 2023.
ESAF Small Finance Bank offers interest at 8.50 percent for FDs up to 10 years. Interest rate of 8.50 percent is available on FDs with maturity of more than two years and less than three years. These rates were implemented by the bank on April 14, 2023 itself.
Jana Small Finance Bank is offering interest at the rate of 3 to 8.50 percent. This interest rate is given according to different periods. In Jana Small Finance Bank, the interest rate on FD maturing between two to three years is 8.5 percent.
