Highest FD Interest Rate: Some banks are now offering up to 9 per cent interest on fixed deposits (FDs). This special offer is for three-year FDs and is only for those who are below 60 years of age.
Highest FD Interest Rate: If you want to increase your capital without much risk, then there is good news for you. Some banks are now offering up to 9 percent interest on fixed deposits (FD). This special offer is for three-year FDs and only for those who are below 60 years of age. Let us know which are the banks giving the highest interest.
Northeast Small Finance Bank has offered up to 9% interest on three-year FDs if your FD amount is less than Rs 3 crore. After this, Suryodaya Small Finance Bank is offering 8.6% interest.
Utkarsh Small Finance Bank’s interest rate is 8.5%. Also, Jan Small Finance Bank is offering 8.25% interest on three-year FDs. Apart from this, Unity Small Finance Bank is offering 8.15% interest.
Despite these attractive interest rates, experts say that caution should be taken before making FDs in these small banks. In particular, only as much money should be invested in FD as is covered by DICGC (Deposit Insurance and Credit Guarantee Corporation) which provides protection of up to Rs 5 lakh per account.
SBI’s Amrit Kalash FD and Amrit Vrishti FD Scheme
Also, SBI’s Amrit Kalash FD offers attractive interest rates. This scheme serves domestic, NRI and senior citizens. The 400-day special period scheme is at an interest rate of 7.10% from April 12, 2023. Senior citizens are eligible for an interest rate of 7.60%. This scheme will be valid till September 30, 2024.
On the other hand, SBI Amrit Vrishti FD scheme offers 7.25 percent interest rate on 444 days deposits. In this new FD scheme, senior citizens can earn additional 0.50 percent interest. Along with this, they can also take loan on these deposits. The deadline for this scheme is March 31, 2025.
