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News India Live, Digital Desk: Monetary Policy: Since the Reserve Bank of India has decided to keep its repo rate stable, since then many big banks of the country have reduced their fixed deposits (FD) interest rates or kept them stable. In such a situation, people who were expecting their hard earned money and expecting to earn a lot of interest on it must have created some disappointment in their mind. But if you really want to get good returns on your savings, then there are still some banks that are offering very attractive interest rates. These are often small finance banks, which give more returns than big banks to increase their customer base. Actually, this is a special occasion for those investors who do not want to take the risk of market fluctuations and also keep their investment safe. Many small finance banks are offering very high interest rates on FDs against big banks as part of their new strategy. They do this to attract customers and strengthen their capital base. This situation is very good for those who want to keep their investment safe and also earn better on it. In these banks, Utkarsh Small Finance Bank is particularly notable, which is paying an annual interest of up to 9% on its FD. Along with this, Surya Uday Small Finance Bank and ESAF Small Finance Bank are also included in this list, which are giving tremendous returns to customers up to 9.1%. These rates are really very attractive and very rare are found in such times. These banks are small, but are fully regulated by the Reserve Bank of India and the investment made in them is completely safe under DICGC (Deposit Insurance and Credit Guarantee Corporation). This means that even if the bank faces any financial crisis, your deposit will be completely safe up to Rs 5 lakh, which gives peace to the customers. Therefore, if you want to earn maximum returns through your FD and also give priority to security, then it can be an intelligent decision to pay attention to the offers of these small finance banks. Interest rates can vary according to your investment duration, so it is important to select the correct duration according to your needs and financial goals. At these rates you will also find a stable source of regular income, which can prove to be a major relief in the current economic environment.
