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News India Live, Digital Desk: Highest Interest Rate: Fixed deposit (FD) has always been considered the safest and reliable way of investment in India. But most people get their FD in big banks like SBI, PNB or HDFC, thinking that their money is safe here. But do you know that some small banks are paying more than 9% interest on FD than these big banks?
If you also want to get great returns on your FD, then let us know which banks are paying the most interest.
Small Finance Banks are giving the most strong returns
In case of interest rates Small Finance Banks (Small Finance Banks) Are at the forefront. These banks are giving bumper returns to common citizens and especially senior citizens (Senior Citizens) on FD.
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Unity Small Finance Bank (Unity Small Finance Bank): This bank to senior citizens on 1001 days FD 9.50% Is giving tremendous interest up to.
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Sunrise Small Finance Bank (Suryoday Small Finance Bank): Here too senior citizens get 2 years 2 days FD 9.10% Is getting interest of
Apart from these, many other small finance banks are offering attractive interest rates between 8% and 9%.
Private banks are also not behind
Some private sector banks are also paying better interest from public sector banks on FD.
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DCB Bank: This bank to senior citizens 8.60% Is paying interest up to.
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RBL Bank and Yes Bank: This bank too 8% to 8.50% Interest rates are offering.
Is your money safe in these banks?
Hearing the names of small banks, many people raise questions about the safety of their money. But you don’t have to worry. A subsidiary of the Reserve Bank of India (RBI), DICGC (Deposit Insurance and Credit Guarantee Corporation)Deposited in your bank account Insurance on amount up to Rs 5 lakh She gives
This means that even if a bank drowns for some reason, you will still get the amount back to Rs 5 lakh (principal + interest).
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