Fixed Deposit: Fixed Deposit (FD) has become a very popular investment option in India. It provides safe and reliable returns to investors. Investors who do not believe in taking much risk consider Fixed Deposit (FD) as a safe option. By depositing money in FD for a fixed period, you get fixed interest, which is usually higher than savings accounts. Banks change the interest rates on FD from time to time to attract customers. There are many banks which are offering good interest rates on FD. The interest rate on FD also depends on the tenure.
At present many banks in India are giving more than 8% interest on FD. Small Finance Banks offer higher interest rates compared to public, private and foreign banks. Let us know about the new FD rates of small finance banks, public, private and foreign banks.
What are the FD rates of small finance banks?
Small finance banks provide very high returns to people on FD. Among small finance banks, Northeast Small Finance Bank offers the highest interest rate of 9% on FDs of 546 to 1111 days. At the same time, Unity Small Finance Bank is offering 9% interest on FD of 1001 days.
Equitas Small Finance Bank: Offering an interest rate of 8.25% for a tenure of 888 days.
Suryoday Small Finance Bank: It is offering 8.60% interest rate on FD for a period of 2 to 3 years.
Jana Small Finance Bank: It is offering interest rate of 8.25% for 1 to 3 years.
Northeast Small Finance Bank: Offering 9.00% interest for the period of 546 days to 1111 days.
Unity Small Finance Bank: Interest rate of 9.00% for a period of 1001 days.
Utkarsh Small Finance Bank: Returns of 8.50% are available for 2 to 3 years.
interest rates of public banks
Public sector banks offer low interest rates, but people prefer them because they are considered reliable and stable.
Bank of Maharashtra: Offering 7.45% interest rate for a tenure of 366 days.
Canara Bank: 7.40% interest for tenure from 3 years to less than 5 years.
Central Bank of India: 7.50% interest for a period of 1111 or 3333 days.
Union Bank of India: Offering 7.30% interest rate for a tenure of 456 days.
Indian Bank: 7.30% interest rate for a tenure of 400 days.
FD rates of private sector banks
Private banks offer lower interest on FD than small finance banks, but their interest rates are higher than government banks.
Bandhan Bank: 8.05% interest rate for a period of 1 year.
ICICI Bank: 7.25% interest rate for 15 months to 2 years.
DCB Bank: 8.05% interest rate for tenure of 19 months to 20 months.
HDFC Bank: 7.40% interest rate for 4 years 7 months (55 months).
IndusInd Bank: Interest rate of 7.99% for 1 year 5 months to less than 1 year 6 months.
RBL Bank: 8.00% interest rate for a tenure of 500 days.
IDFC First Bank: 7.90% interest rate for tenure of 400 to 500 days.
FD rates of foreign banks
Deutsche Bank: 8.00% interest rate for tenure from 1 year to 3 years.
standard Chartered Bank: 7.50% interest rate for tenure from 1 year to 375 days.
HSBC Bank: 7.50% interest rate for tenure of 601 to 699 days.
8th Pay Commission: When will government employees get increased salary? You just have to wait for so many months, this will be the salary structure