Bank FD: Golden opportunity for senior citizens, Up to 9% interest on these bank FD, get FD instantly

Bank FD New Update, FD Rates: If you are planning to invest in Fixed Deposit (FD), then some small finance banks are still offering attractive interest up to 9%. This interest rate is available for deposit amount less than ₹ 3 crore and investors below 60 years of age

Bank FD New Update, FD Rates: If you are planning to invest in Fixed Deposit (FD), then some small finance banks are still offering attractive interest up to 9%. This interest rate is available for deposit amount less than ₹ 3 crore and investors below 60 years of age.

Which banks are offering 9% interest?

• Unity Small Finance Bank: 9% interest on a period of 1001 days.
• Northeast Small Finance Bank: 9% interest on a period of 546 to 1111 days.
• Suryaoday Small Finance Bank: 8.60% interest on a period of 2-3 years.
• AU Small Finance Bank: 8% interest for 18 months tenure.
• Equitas Small Finance Bank: 8.25% interest for 888 days tenure.
• ESAF Small Finance Bank: 8.25% interest for 2-3 years tenure.
• Jana Small Finance Bank: 8.25% interest for 1-3 years tenure.
• Ujjivan Small Finance Bank: 8.25% interest for 12 months tenure.
• Utkarsh Small Finance Bank: 8.50% interest for 2-3 years or 1500 days tenure.

Are small finance banks safe?

According to AU Small Finance Bank, the Reserve Bank of India (RBI) regulates small finance banks and imposes strict regulations on them. All banking norms such as statutory liquidity ratio (SLR) and cash reserve ratio (CRR) apply to small finance banks as well. Therefore, these banks can be considered as safe as other banks.”

Option of interest payment on FD

FD investment has the option of paying interest on monthly, quarterly or half-yearly basis. Small finance banks offer attractive interest rates. Investors should invest keeping in mind their financial planning and risk-taking ability.

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