More interest on FD: These top 7 banks are giving more than 9% interest on FD, check interest details
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9% interest on FD: Investing in FD is considered the best and safest investment. It is the most preferred investment option for senior citizens. Because it gives higher interest rate and tax benefits.
Bank FDs are considered one of the best options for investors looking for a safe investment option. If you are also planning to get FD in any bank, then we are telling you about some banks. These banks are giving more than 9-9 percent interest on FD. Although this interest rate is for senior citizens. Banks give 50 basis points more interest to senior citizens than normal customers.
Top lenders like SBI, ICICI Bank, HDFC Bank and many other banks are offering higher interest on bank fixed deposits to senior citizens than general customers. Like top banks, Small Finance Banks (SFBs) also offer higher interest rates on FDs to senior citizens. This includes small finance banks like Jana Small Finance Bank, Fincare, Equitas, North East, ESAF, Suryoday and Unity.
Fincare Small Finance Bank
Talking about Fincare Small Finance Bank, it is offering 9.11 percent interest rate on deposits maturing in 750 days. These rates are effective from 26 July 2023.
Jana Small Finance Bank
Jana Small Finance Bank is offering senior citizens an attractive interest rate of 9% on deposits maturing in 1095 days. These bank rates have become effective from 15 August 2023.
North East Small Finance Bank
North East Small Finance Bank is offering guaranteed interest rate of 9.25 per cent on FD rates maturing in 555 days and 1111 days. According to the bank’s website, these rates have become effective from June 6, 2023.
Suryoday Small Finance Bank
If we talk about Suryoday Small Finance Bank, then this bank is giving 9% and above interest on deposits maturing in 2 and 3 years. These bank rates are effective from 7th August 2023. There is an interest benefit of 9% on FDs of 15 months to 2 years and 9.10% for FDs of 2 years to 3 years.
Unity Small Finance Bank
Unity Small Finance Bank is offering 9.25 per cent and 9.50 per cent interest rates on certain tenures. These rates have become effective from 11 August 2023. Senior citizens get 9.25 per cent interest on FDs of 6 months to 201 days, 9.25 per cent on FDs of 501 days and 9.50 per cent on FDs of 1001 days.
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