Good News! On getting FD in these banks, your money will be the fastest, getting interest up to 9.85%
The country’s largest state-owned SBI (SBI-State Bank of India) has announced to reduce the interest rates on FD again after the month of April. But even in this period, there are many banks which are giving more than 9 percent interest on FD. Let’s know about them …
New Delhi : In the last few years, people have increasingly started investing in Mutual Funds Scheme. But after the recent closure of several schemes and a big drop in returns, investors have withdrawn their money fast. In such a situation, many experts are advising to deposit money in FD-Fixed Deposit again. If you are also thinking of doing this, then let us know that small finance banks are offering more interest on savings, fixed deposits, and recurring deposit accounts. Let’s know about those banks which are offering more interest options than other banks for different periods.
See here the list of banks that pay up to 9% more interest
(1) Fincare Small Finance Bank is giving interest ranging from 9% to 9.5% on FDs ranging from 36 months a day to 42 months.
(2) Jana Small Finance Bank is offering 8.25% to 8.75% interest on 1555 days FD.
(3) Utkarsh Small Finance Bank is giving 9% to 9.5% interest on 777 days FD.
(4) Equitas Small Finance Bank is offering interest ranging from 8.25% to 9.85% on an 888-day FD. Let you know that like other banks, they are also governed by the Reserve Bank of India (RBI). Is run according to.
Apart from this, these banks are also giving interest of up to 7 percent on their savings account. Let’s know about the interest rates of savings account of 5 small finance banks.
Suryoday Small Finance Bank :
6.25% per annum on a balance of up to Rs 1 lakh. From 1 lakh to 10 lakh rupees, but 7.25 percent per annum. More than Rs 10 lakh but 7 percent per annum. These rates are applicable from 15 November 2019 to 31 May 2020.
AU Small Finance Bank :
4.5 percent per annum on deposits below Rs 1 lakh. More than 1 lakh but less than Rs 50 lakh is 5.5 percent annually. More than Rs 50 lakh but less than Rs 5 crore is 7.00 percent per annum. More than Rs 5 crore but less than Rs 10 crore is 6.5 percent annually. These rates are applicable from 15 April 2020.
Jana Small Finance Bank :
4.5 percent per annum on balances of up to Rs 1 lakh. Between 1 lakh and 10 lakh rupees, but 5.5 percent per annum. The amount from Rs 10 lakh to Rs 5 crore is 7 percent per annum. If the amount is more than Rs 5 crore, then 7.5 percent per annum. These rates are applicable from 10 April 2020.
