Fd rates: The Reserve Bank has recently cut the repo rate by 0.25 per cent. Since then, most experts believe that banks can reduce interest rates on FD. In such a situation, investors have less time left to get more returns. Soon banks will start reducing interest rates on their FD. If you also want to earn 8 to 9 percent interest on FD, then know which banks are offering the most interest here.
These banks are giving 8% interest on FD
Small Finance Banks (Small Finance Banks)
Unity Small Finance Bank – 9.00% (1001 days)
Northeast Small Finance Bank – 9.00% (18 months 1 day to 36 months)
Sunrise Small Finance Bank – 8.60% (5 years)
ESAF Small Finance Bank – 8.38% (888 days)
John Small Finance Bank – 8.25% (1 year to 3 years)
Equitas Small Finance Bank – 8.25% (888 days)
Ujjivan Small Finance Bank – 8.25% (12 months)
AU Small Finance Bank – 8.10% (18 months)
Utkarsh Small Finance Bank – 8.50% (2 years to 3 years; 1500 days)
Private Sector Bank – These banks are paying 8% interest
Bandhan Bank – 8.05% (1 year)
RBL Bank – 8.00% (500 days)
Yes Bank – 8.00% (18 months)
IDFC First Bank – 7.90% (400 to 500 days)
DBS Bank – 7.50% (376 to 540 days)
Foreign Bank – These banks are paying 8% interest
Deuthe Bank – 8.00% (1 year to 3 years)
Standard Chartered Bank – 7.50% (1 year to 375 days)
HSBC Bank – 7.50% (601 to 699 days)
Public sector bank
Central Bank of India – 7.50% (1111 days; 3333 days)
Bank of Maharashtra – 7.45% (366 days)
Bank of India – 7.30% (400 days)
Punjab & Sindh Bank – 7.45% (555 days)
Canara Bank – 7.40% (5 years less than 3 years)
Who is offering the best offer in FD
If we look at the best interest rates on FD, small finance banks are at the forefront. Unity Small Finance Bank and Northeast Small Finance Bank are paying the highest interest at the rate of 9%. Bandhan Bank and RBL Bank are paying more than 8% interest in private sector bank count. Apart from this, Foreign Bank Deutsche Bank is offering an interest rate of 8%. If you want good returns while keeping your money safe, then these FD schemes can be a great option for you. Be sure to read the conditions of banks before investing and choose the correct option according to your need.
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