FD is still regarded as the greatest investment option. However, the low yields on FDs sometimes deter individuals from investing in them. Today, however, we’ll tell you about several banks’ fixed deposits, where you may earn interest as high as 9%. Customers of small finance institutions benefit from higher interest rates. Customers of small credit institutions receive 8 to 8.5 percent interest. Thus, before investing, you should also evaluate the interest rates offered by banks. This list includes numerous names, ranging from Jana Small Finance Bank to AU Small Finance Bank.
AU Small Finance Bank
The AU Small Finance Bank is providing regular people with interest rates ranging from 3.75% to 8% in exchange for 7 days to 10 years. Apart from this, interest at a record rate of 8% is available on FD maturing in 18 months. Rates are effective from January 24, 2024.
Equitas Small Finance BankÂ
General public customers of Equitas Small Finance Bank can take advantage of interest rates ranging from 3.5% to 8.50% for deposit terms ranging from seven days to ten years. In addition, the bank is offering FDs maturing in 444 days at a record interest rate of 8.50%. These prices will be in force as of August 21, 2023.
ESAF Small Finance Bank
For terms ranging from seven days to ten years, regular residents can earn interest on fixed deposits (FDs) from ESAF Small Finance Bank at a rate of 4% to 8.25%. For FDs maturing in less than three years or between two years, a record interest rate of 8.25% is offered. The FD interest rates listed below will take effect on January 1, 2024.
Fincare Small Finance Bank
The FD interest rates that Fincare Small Finance Bank offers range from 3% to 8.61% to general citizens for tenure between 7 days to 10 years. Apart from this, the bank gives the highest interest of 8.61% on FD maturing in 750 days. These rates are effective from October 28, 2023.
Jana Small Finance Bank
The general public can obtain interest from Jana Small Finance Bank at a rate of 3.50% to 8.50% for terms ranging from seven days to ten years. Simultaneously, clients get interest on FDs maturing in 365 days at a rate of 8.50%. The new FD rates will take effect on January 2, 2024.
Suryoday Small Finance Bank
The Suryoday Small Finance Bank is giving regular citizens interest on fixed-rate notes (FDs) with rates ranging from 4% to 8.65% for terms of seven days to ten years. In addition, interest is paid on FDs maturing in two years and two days at a rate of 8.65%.
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