7 Banks Providing FD Rates Above 9 Percent. If you want to earn good profits by investing in a different place instead of the Indian market, then for this you can earn from fixed deposits by taking advantage of the high interest rates available at present.
While on the one hand, the biggest banks are giving interest rates above 7% on fixed deposits, on the other hand, small finance banks are making good income for the investors by providing interest rates above 9%. In today’s article, we have brought you the details about the banks providing good interest rates.
Bank FDs are considered a safe and reliable investment option for investors. Various banks are now offering higher interest rates for senior citizens.
Top Banks Interest Rates: Major banks in India such as SBI, ICICI Bank, HDFC Bank etc. are offering higher interest rates to senior citizens. Along with this, Small Finance Banks are also offering higher interest rates.
| Name of bank | FD tenure | Rate of interest | Rates effective date |
|---|---|---|---|
| Equitas Small Finance Bank | 444 days | 9% | 21 August 2023 |
| ESAF Small Finance Bank | 2 years – 3 years | 9% | 14 April 2023 |
| Fincare Small Finance Bank | 750 days | 9.11% | 26 July 2023 |
| Jana Small Finance Bank | 1095 days | 9% | 15 August 2023 |
| North East Small Finance Bank | 555 and 1111 days | 9.25% | 6 June 2023 |
| Suryoday Small Finance Bank | 15 months – 3 years | 9% – 9.10% | 7 August 2023 |
| Unity Small Finance Bank | 6 months – 1001 days | 9.25% – 9.50% | 11 August 2023 |
One thing must be kept in mind here that the security of money in banks in India is only up to a maximum of ₹ 500000, which also includes your interest. For more security, you can go for fixed deposits in more than one bank.
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