Good news for bank investors! Now up to 9.5% interest will be available on deposited money, know details here

Bank Deposit Interest Rate: In the recent monetary policy review meeting, the Central Reserve Bank did not make any change in the repo rate. However, interest rates are expected to be cut in the coming months. If this happens, the interest rates on fixed deposits i.e. FD may also be affected. Let us tell you that for almost two years, FD investors in banks and NBFCs have been getting higher interest rates on their deposits. Today we will tell you about some small finance banks which are giving high interest on deposits.

Unity Small Finance Bank

Unity Small Finance Bank is offering 9% interest to general customers and 9.5% interest to senior citizens for a period of 1001 days. These interest rates are 7.85% for 1 year, 8.15% for 3 years and 8.15% for 5 years. Senior citizens are given additional interest of 0.50%.

North East Small Finance Bank

This bank offers a maximum FD interest rate of 9% for general customers and 9.5% for senior citizens for a tenure of 1111 days. These rates are 7% for 1 year, 9% for 3 years and 6.25% for 5 years. Senior citizens are given additional 0.50% interest.

Suryoday Small Finance Bank

This small finance bank offers interest rates of 8.65% for general customers and 9.15% for senior citizens for a tenure of 2 years 2 days. These rates are 6.85% for 1 year, 8.60% for 3 years and 8.25% for 5 years. Senior citizens are given additional 0.50% interest.

Shivalik Small Finance Bank

This bank offers interest rates of 8.55% for general customers and 9.05% for senior citizens for a tenure of 18 months to 24 months. The interest rates are 6% for 1 year, 7.50% for 3 years and 6.50% for 5 years. Senior citizens get 6.50%, 8% and 7% interest, plus an additional 0.50%.

Utkarsh Small Finance Bank

FD rates at Utkarsh Small Finance Bank for a tenure of 2 to 3 years are 8.5% for general customers and 9.10% for senior citizens. The rates are 8% for 1 year, 8.5% for 3 years and 7.75% for 5 years. Senior citizens get an additional 0.60% interest.

Jan Small Finance Bank

Jana Small Finance Bank offers FD rates of 8.25% for general customers and 8.75% for senior citizens for a tenure of 1 to 3 years. These rates are 8.25% for 1 year, 8.25% for 3 years and 7.25% for 5 years. Senior citizens get an additional 0.50%.