These 5 banks are giving returns up to 9.50%, know where to invest

News India Live, Digital Desk: The Best Interest on FD: If you are looking for safe investment and good returns, the Fixed Deposit (FD) has always been a reliable option for Indians. When banks increase the repo rate, FD rates also increase, making it an opportunity for investors to make great profits. At present, some small finance banks are offering more interest rates than big government and private banks, which can be a golden opportunity for you.

So let’s know which are 5 such banks that are currently paying bumper interest on fixed deposits:

1. Sunrise Small Finance Bank (Suryoday Small Finance Bank):
This bank is paying an attractive interest of 9.00% on FDs with a duration of 2 to 3 years. If you deposit money for such a period, you will definitely get good returns.

2. Unity Small Finance Bank (Unity Small Finance Bank):
This bank is particularly giving high interest rates.

• For normal customers: 9.50% interest on 1001 days FD.

• For senior citizens (Senior Citizens): Bumper interest of 9.75% for this 1001 day period is one of the highest rates in the market.

3. AU Small Finance Bank (AU Small Finance Bank):
AU Small Finance Bank is paying up to 7.25% interest on its FD. Their duration and interest rates are designed according to the various needs of customers.

4. Utkarsh Small Finance Bank:
In this bank, you can get interest of up to 9.10% on FD. Utkarsh Small Finance Bank is known for its high interest rates, which attracts depositors.

5. Fincare Small Finance Bank:
This bank is also providing attractive interest of up to 8.50% on FD. Investors are also getting good returns in its FD schemes.

Is your FD money safe in these banks?
Yes, your money deposited in these small finance banks is as safe as in a big government or private bank. In India, your deposit of up to ₹ 5 lakh is insured under the Deposit Insurance and Credit Guarantee Corporation (DICGC). This means that even if a bank sinks, your money up to ₹ 5 lakh will be completely safe. This is a government -run scheme, so you do not need to fear.

So if you want to get maximum returns on your money, then you can consider FD schemes of these small finance banks.

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