FD @ 9% Interest: These banks are offering up to 9% interest on 15-month FD, check FD details

FD @ 9% Interest: In the share market, the capital can decrease and in the worst case, it can even sink. On the other hand, there is a risk of the bank sinking in an investment in FD, but here the entire money cannot be lost. However, one complaint here is that the returns are not good. However, now some banks are giving up to 9 percent return on investment up to a period of 15 months.

FD @ 9% Interest: In the dazzle of the share market, the shine of fixed deposit (FD), which has been the preferred investment option for a long time, is fading a bit. However, if money is invested after proper research, then safe returns can still be obtained from FD without any worry. Away from the risk of fluctuations in the share market, you can get a return of 9 percent. There are some small finance banks which are giving up to 9 percent interest to senior citizens on FDs of up to 15 months on deposits of less than Rs 1 crore. Here information is being given about 10 such banks which are giving great interest rate for a period of 15 months. This data has been compiled by Paisabazaar.

Strong interest is being given on FD in these banks

1. Equitas Small Finance Bank is giving 9 percent interest on FDs of 444 days duration.
2. Ujjivan Small Finance Bank is giving 8.75 percent interest on FDs of 12 months duration.
3. Bandhan Bank is giving 8.35 percent.
4. IndusInd Bank is giving 8.25 percent interest for 12 month FD.
5. DBS Bank is giving 8 percent interest on FDs of 376 days.
6. Karur Vysya Bank is giving 8 percent interest on FDs of 444 days.
7. Federal Bank is giving 7.9 percent interest on FDs of 400 days.
8. Kotak Mahindra Bank is giving 7.9 percent interest on FDs of 390 days.
9. Central Bank of India is paying 7.8% interest on FDs of 444 days
10. Indian Overseas Bank (IOB) is paying 7.8% interest on FDs of 444 days.

How safe is investment in FD?

Investment in FD is quite safe as compared to stock market. This is a safe investment option for senior citizens because one does not have to face fluctuations in it. FD gives a fixed return whereas in the stock market the capital can decrease and in the worst case it can even be lost. On the other hand, there is a risk of bank sinking in investment in FD but here the entire money cannot be lost. Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of central bank RBI, gives guarantee on FD deposits up to Rs 5 lakh, that is, investment up to Rs 5 lakh will remain safe even if the bank sinks.

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• Punjab National Bank increased interest on FD, check latest interest rate

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