Best FD rates-Indian people are now getting interested in the stock market and mutual funds. Due to high returns, a large number of common people are leaving traditional investment options and looking for new options.
However, experts advise common investors to invest only a small part of their investment in the market instead of investing the entire amount in the market. FD i.e. fixed deposit is also one of these safe investment options. Some banks are still giving up to 9.5 percent interest on FD.
Banks give higher interest on FDs to senior citizens as compared to general customers. Similarly, smaller banks give higher interest on fixed deposits to customers as compared to big banks like SBI, HDFC and Axis Bank. Some small finance banks are now giving up to 9.5 percent interest on FDs to senior citizens. Today we will give you information about which banks are giving great returns on FDs.
North East Small Finance Bank is currently giving the highest interest on FD in the country. If a senior citizen opens an FD account in the bank for a period of 3 years, then the bank will give him interest at the rate of 9.5 percent per annum.
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Suryoday Small Finance Bank is at second place in terms of giving the highest interest on FD. The bank is giving 9.1 percent interest to senior citizens on 3-year fixed deposits.
Utkarsh Small Finance Bank is also giving a maximum interest of 9.1 percent to senior citizens on FDs of 3 years duration. In this way, the interest rates of Suryoday Small Finance Bank and Utkarsh Small Finance Bank are the same.
If a senior citizen makes a fixed deposit for a period of 3 years in Jana Small Finance Bank, he will get interest at the rate of 8.75 percent per annum. Unity Small Finance Bank and Equitas Small Finance Bank are also included in the list of banks offering the highest interest rates to senior citizens. Both the banks are offering 8.5% interest on three-year FDs.
