look news india
Due to the high returns available through trading in stocks or mutual funds, a large number of common people are leaving traditional investment options and investing money in the market. However, due to market uncertainty and limited understanding of stock market strategies, experts advise common investors to invest only a small part of their investment in the market instead of investing the entire investment in the market and stay in safe investment options with the rest of the investment. This also includes FD i.e. fixed deposit. FD may not give as high a return as the market, but there are many banks that are giving high interest up to 9.5 percent on FD. If you are looking for options to invest in FD, then you can take a look at these.
Where are higher returns available?
Let us tell you that Small Finance Bank is offering up to 9.5 percent return on FD and these offers are for senior citizens. Before investing, keep in mind that even though this investment is safer than investing in the stock market, there are risks associated with investing in FD which banks, financial institutions decide on the basis of the ability to return money on maturity. In such a situation, check the risk before investing. Also get information about the rates and terms.
Where are higher interest rates available?
North East Small Finance Bank is offering a higher interest rate of 9.5% to senior citizens. This offer is for FDs with a tenure of 3 years.
On the other hand, Suryoday Small Finance Bank is offering a maximum interest rate of 9.1%. This offer is for FDs with a tenure of 3 years and is for senior citizens.
Utkarsh Small Finance Bank is also offering a maximum interest rate of 9.1% on FDs of 3 years duration. These rates are applicable for senior citizens.
Jana Small Finance Bank is offering an interest rate of 8.75% to its senior citizen customers for a tenure of 3 years.
Apart from this, Unity Small Finance Bank, Equitas Small Finance Bank are offering interest rates of 8.5% or more to senior citizens, AU Small Finance Bank is offering interest rates of 8% to senior citizens. All these offers are for a period of 3 years.
