More Than 9 Percent Interest Is Being Received On FD

• More Than 9 Percent Interest Is Being Received On FD, Know Which Bank Is Offering On How Many Days Of Deposit

Suryoday Small Finance Bank FD: If you also do not want to take any kind of risk regarding money, then bank FD is the best option. There are some banks that are giving more than 9 percent interest on FD. Suryoday Small Finance Bank is one of them. This bank has increased the interest rates on FDs of Rs 2 crore from 1 to 5 years by 49 to 160 basis points.

For How Many Days FD Will Get More Than 9% Interest

The bank is offering more than 9 percent interest on its FD. At the same time, 50 basis points more interest is also being given to senior citizens. Let us tell you that the new interest rates of the bank have come into effect from May 5. Please tell that Suryoday Small Finance Bank is giving interest of more than 9 percent on FDs maturing in 999 days and 5 years.

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9.60% Interest On FD To Senior Citizens:

Suryoday Small Finance Bank is offering interest ranging from 4 percent to 9.10 percent on FDs to regular customers. At the same time, interest ranging from 4.5% to 9.60% is being offered to senior citizens on FDs of less than Rs 2 crore from 7 years to 10 years.

FD Interest Rates Of These Banks Are Also Better:

Apart from Suryoday Small Finance Bank, Unity Small Finance Bank is also offering 9.50% interest on FDs maturing in 1,001 days for senior citizens. At the same time, for regular customers, the bank is paying interest at the rate of 9% on FD for the same number of days.

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Apart from this, Utkarsh Small Finance Bank is offering 9 percent interest on FDs maturing in 700 days for senior citizens. At the same time, regular customers, it is paying 8.25% interest on FD of the same amount. Let us tell you that in the financial year 2022-23, the Reserve Bank of India increased the repo rate drastically. After this, banks also increased the interest rates on FDs to woo customers.