Coronavirus spoiled the situation of banks and financing companies. The condition of banks and other financing companies deteriorated so that they reduced the rate of return on their investment scheme. If you are thinking of investing in FD, then it is very difficult to get the interest rate in big banks and NBFC companies, which was available till a few months ago. But there are still some banks in which you will get a 9% higher interest rate very easily. You can increase your property when you bring the best FD option.
A fixed deposit or FD is still the most preferred investment option. Its biggest security. People consider their money safe in a Fixed deposit, which is also. FDs do not pose a threat like the stock market. But before you invest money in a Fixed deposit, it is important to see how much interest you will get. Let’s know about the high-interest option.
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Suryoday Small Finance Bank is small finance by the name. It is offering interest rates of 4% to 9% on FD. At the same time, this bank offers interest from 4.25 percent to 9.58 percent to senior citizens. Please tell in advance that you will get the highest interest in 5 years’ FD. Explain that Sunrise Small Finance Bank 4 percent for 7 to 14 days and 15 to 45 days, 5 percent for 46 days to 90 days, 5.50 percent on FDs from 91 days to 6 months and from 6 months to 9 months. Pays 7.50 percent interest on FD. Also, on FDs ranging from 9 months to 1 year, there will be 7.75 percent, 8 percent for 1 year to 2 years, and 8.25 percent on FDs from 2 years to 3 years.
Utkarsh Small Finance Bank. In this bank, you will get 4.75% on FDs of 7 to 45 days, 5.50% on FDs of 46 days to 90 days, and 6.75% on FDs of 91 days to 180 days. Also, if you get 7.20 percent FD on FD from 271 days to 1 year and 8.20 percent interest on FD of 145 years from 445 days. Explain that this bank gives the highest interest rate from 456 days to 2 years FD. Apart from this, senior citizens are given 50 basis points or half percent more interest.
This bank gives interest on FD from 5% to 8.50%. Explain that here you will get 5% on 7 to 14 days FD, 5.50% on 15 to 45 days, 6.25% on 46 to 60 days, 6.75% on 61 to 90 days, 7.25% on 91 days to 180 days and 1 year. For FD, the interest will be 9%, which is much better than many other FD options.
In this bank you will get 5.5% on 7 to 29 days, 6.10% on 30 to 89 days, 6.60% on 90 to 179 days, and 7% interest on FDs from 180 days to 364 days. Apart from this, an 8 percent interest rate will be given on FD of 1 year to 2 years.
Hey, I’m Sachin. I’m a Blogger living in India. Guide for Personal Finance Planning & financial planning, Tax, Investment, Managing Money, Insurance, Retirement, Real Estate and Loans & more.