Before investing in Fixed Deposit (FD), it is important to check the interest rates of different banks, as the returns vary according to the bank and tenure. Senior citizens get additional interest in most banks. Small finance banks are currently offering the highest FD returns. Let’s know what is going on in these 10 major banks. FD rates…
1. ESAF Small Finance Bank: Offers 8.10% interest on FD with a maturity of 444 days. This return may be more attractive for senior citizens.
2. Jana Small Finance Bank: Offers 8.00% interest on 2 to 3-year and 5-year deposits. This is a better option for small investors.
3. Suryoday Small Finance Bank: This bank offers 8.10% return on maturity of 5-years. Senior citizens also get additional interest.
4. Utkarsh Small Finance Bank: Offers 8.15% interest on FDs with a maturity of 2 to 3 years. This is one of the highest rates in the market at the moment.
5. Bandhan Bank: This bank offers 7.70% interest on FDs with tenures of less than 2 to 3 years. This is a competitive return in the private sector.
6. DCB Bank: Offers 7.70% interest on 37-38 months FD and an additional 0.05% interest for investors above 70 years of age.
7. RBL Bank: Offers 7.70% interest on deposits for 18 months to 3 years. Super senior citizens get 0.25% higher returns.
8. YES Bank: Offers 7.75% interest on FDs with tenures of 3 years to less than 5 years. A good option for long-term investors.
9. Central Bank of India: Offers 7.25% interest on FD of 2222 or 3333 days. Super senior citizens get additional benefits.
10. Indian Bank and IOB: Both banks are offering 7.20% interest on FDs with a maturity of 444 days. People above 80 years of age get an additional 0.25% interest.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
Add businessleague.in as a Preferred Source
