Fixed Deposit: Thinking of investing in fixed deposits? Currently many banks are offering high interest rates. Especially in small finance banks you will get hefty interest rates. Know the details.
Fixed deposits are one of the safest options for investment. You can invest in this scheme in various banks. Currently, many banks offer high interest rates on fixed deposits. But before investing, you have to check how much interest you are getting in other banks. Currently, under 60s get up to 9 percent interest rate on fixed deposits in small finance banks. See how much interest the investment earns in two to three years.
Suryoday Small Finance Bank
Under 60s will get interest rates ranging from 4 to 8.60 percent in this small finance bank. However, this bank offers maximum interest of 8.60 percent for a period of two years, one day to three years. New interest rates are applicable in this bank from 7th August 2023.
Unity Small Finance Bank
Customers at this bank will get interest rates ranging from 4.50 to 9 percent for a tenure of seven days to ten years. At present, Small Finance Bank offers a maximum interest rate of 9 percent for a tenure of 1001 days (two years and seven months). You will get 7.65 percent interest on investment for 1002 days to three years.
Fincare Small Finance Bank
This small finance bank offers 3 to 8.61 percent interest on investments for seven days to ten years. If you invest in this bank for 750 days, you will get 8.61 percent interest rate. 751 days to 30 months tenure in this bank is 8.15 percent. This interest rate has been applicable in banks from October 28 this year.
JANA SMALL FINANCE BANK
Customers will get attractive interest rates by investing in this small finance bank. Currently, banks offer interest rates ranging from 3 to 8.50 percent for tenures of seven days to ten years. This bank offers maximum interest of 8.50 percent if you invest for two to three years.
Shivalik Small Finance Bank
This small finance bank offers interest ranging from 3.75 to 8.10 percent on investments for a tenure of seven days to ten years. If you invest here in fixed deposits for a period of less than two to three years, you will get 8 percent interest. The new interest rate has come into effect in this bank from November 24 this year.
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