FD Interest Rate: At present, many small banks are giving good returns on FD to investors. These banks are offering interest up to 9 percent. These include North-East Small Finance Bank, Unity, Suryodaya, Utkarsh etc. Investors who are looking for good fixed returns can get FD done in these banks. Know how much return you will get on FD of Rs 1 lakh:
FD Interest Rate: Many people still prefer to invest in fixed deposits (FD). Investors who want to stay away from the fluctuations of the stock market and who like low but fixed returns, invest money in FD. Many banks are offering great interest to investors on FD. The interest rate for senior citizens is slightly higher than for general investors. Many small banks are giving investors up to 9 percent return on FD.
Northeast Small Finance Bank
This bank is offering 9 percent interest to investors on investing from 546 days (18 months) to 1111 days (3 years). If you invest one lakh rupees in this bank, then this amount will increase to Rs 119483 in two years. On the other hand, if you invest for 3 years, then after 3 years you will get Rs 130605 on maturity. That is, you will get a profit of Rs 30605.
Unity Small Finance Bank
This bank is also offering interest at the rate of 9 percent per annum to investors. The bank is giving this interest rate on an investment of 1001 days (2 years 9 months). If you make an FD of Rs 1 lakh in this bank for this period, then you will get Rs 130605 on maturity. That is, you will get a return of Rs 30605 on Rs 1 lakh in 1001 days.
Suryoday Small Finance Bank
This bank is offering 8.6 percent annual interest to investors. However, this interest rate will be available only to those investors whose FDs are between 2 to 3 years. If you make an FD of Rs 1 lakh for two years, then after two years you will get Rs 118551. That is, you will have a profit of Rs 18551. On the other hand, if you make an FD for 3 years, then after 3 years you will get Rs 129080. In this time you will have a profit of Rs 29080.
Utkarsh Small Finance Bank
This bank is also giving good interest to the investors. This bank is offering 8.50 percent interest on FDs of 2 to 3 years. If you make an FD of Rs 1 lakh in this bank for two years, then you will get Rs 118320 after two years. That means you will have a profit of Rs 18320. On the other hand, you will get Rs 128702 on maturity of three years. In this time, you will have a profit of Rs 28702.
Equitas Small Finance Bank
This bank is also offering more than 8% interest on FDs to investors. It is offering 8.25% interest rate to investors on special FDs of 888 days. If you make an FD of Rs 1 lakh in this bank, you will get Rs 117742 on maturity. That is, you will get a profit of Rs 17742 on an FD of Rs 1 lakh for 888 days.
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