FD Interest Rate Fixed deposit is a secure option for investment. You should invest only after checking which bank is giving how much interest on FD. Currently, many banks are giving 9 percent interest on FD. Senior citizens are getting higher interest in many FD schemes. Let’s know which bank is giving 9 percent interest.
Fixed Deposit is a very good option for secure investment. People can accumulate huge funds by investing in FD. Before investing in FD, we must check which bank is offering higher interest.
Let us tell you that many banks can offer 9 percent interest on FD. This interest rate is different for three-year tenure and senior citizens. We will tell you about those banks in which 9 percent interest is being given.
Small Finance Bank
Small Finance Bank also offers high interest rates on FDs.
- Northeast Small Finance Bank is offering 9 percent interest on FDs. The investment amount in this FD should be less than Rs 3 crore.
- Apart from this, Suryodaya Small Finance Bank is also offering 8.6 percent interest on FDs to its customers.
- Utkarsh Small Finance Bank gives 8.5 percent interest on FD.
- Jan Small Finance Bank is giving 8.25 percent interest. This interest rate is available on FDs with three years tenure.
- Unity Small Finance Bank is offering 8.15 percent interest on FDs.
Keep these things in mind
You should be careful before investing in the FD of a small finance bank. According to experts, you should invest in the FD of those small finance banks which are covered by DICGC (Deposit Insurance and Credit Guarantee Corporation). In this case, your investment amount will be safe, because DICGC provides security of Rs 5 lakh on every FD account.
State Bank of India FD Scheme (SBI Special FD Scheme)
State Bank of India (SBI) is running many special FD schemes. High interest is offered in this FD scheme. The special thing about this scheme is that it is available for NRIs and senior citizens along with Indian residents.
SBI Amrit Vrishti FD Scheme is offering 7.10 percent interest on FDs with a tenure of 444 days. At the same time, senior citizens are getting 7.60 percent interest. You can invest in this scheme till March 31, 2025.
SBI Amrit Kalash FD Scheme (SBI Amrit Kalash FD) is offering 7.10 percent interest on FDs with a tenure of 400 days. Senior citizens get 7.60 percent interest in this scheme. You can invest in this scheme till 30 September 2024.