Best FD Interest rates November 2022: Now is the right time to invest in FD. If you want, you can also make a fixed deposit in a bank, NBFC or post office. You will get more interest.
Best FD Interest rates November 2022: After the continuous increase in the policy rate i.e. repo rate by the Reserve Bank of India in recent months, banks have been continuously increasing the interest rates on Fixed Deposit. In a way, there is a competition between the banks to attract the customers by offering more interest on FD. If you are also an investor who wants a safe and better return, then you can invest money in FD. You can invest anywhere in bank, post office or NBFC. Here we are talking about FDs of some such banks which are offering great returns on deposits of less than Rs 2 crore. You can get FDs done according to different periods fixed by banks or companies.
These NBFCs are giving bang returns
If you want to do FD in NBFC, then in this Shriram Transport Finance company is offering a whopping interest of up to 8.90 percent per annum. Similarly, Bajaj Finserv (Bajaj Finserv FD) is also offering up to 7.95 percent interest on deposits up to Rs 5 crore.
Unity Small Finance Bank is giving up to 9% interest
Similarly, Unity Small Finance Bank is offering up to 9 percent annual interest for 501 days to senior citizens, while the rate for general citizens is 8.50 percent.
IndusInd Bank is giving bang returns
IndusInd Bank of the private sector is offering interest ranging from 3.50 percent to 7.25 percent (IndusInd Bank FD) for fixed deposits of less than Rs 2 crore for ordinary citizens. The same rates for senior citizens range from 4.25 percent to 8 percent.
RBL Bank is also giving great interest
Private sector RBL Bank (RBL Bank FD) is also offering interest of up to 7.25 percent per annum on fixed deposits.
Good returns on Post Office Time Deposit as well
There is a Time Deposit Scheme (Post Office Time Deposit Scheme) in the form of FD in the post office, on which interest rate ranging from 5.5 percent to 6.7 percent is being offered. In this, you can get FD for one year, two years, three years and five years.
HDFC Bank FD
Private sector giant HDFC Bank has also been offering interest rates ranging from 3 percent to 6.50 percent for ordinary citizens. The same rate for senior citizens ranges from 3.50 percent to 7 percent.
SBI’s FD
SBI has been offering common citizens to invest in FD (SBI FD Interest Rate) for different periods at an interest rate ranging from 3 percent to 6.25 percent. For senior citizens, these rates range from 3.50 percent to 6.90 percent. These rates are applicable for deposits of less than Rs.2 crore.
