New Delhi, Business Desk. After the previous reduction in the repo rate by the Reserve Bank of India (RBI), many banks have reduced the interest rates on FD. Due to reduced interest rates on FD, many investors have lost their attraction. Several major banks, including State Bank of India, HDFC Bank, ICICI Bank, have lowered the interest rates on FDs by the RBI for two consecutive repo rate cuts. Despite this, there are still some banks, which are paying 9 percent interest on FD. Let us know which are these banks.
Jana Small Finance Bank
This small finance bank is offering an interest rate of up to 9.20 percent on fixed deposits. According to the bank’s website, 8.50 percent interest rate is being offered on regular FDs of one year and 9.10 percent on senior FDs. Apart from this, 8.60 percent interest is being offered on regular FDs of more than one year and up to 2 years and 9.20 percent on senior FDs. The interest rates for various other periods are as follows:
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Utkarsh Small Finance Bank
This small finance bank is offering interest rates up to 9.50 per cent on FDs. According to the bank website, interest rates of less than 2 crore FDs of 777 days are being offered to 9% from ordinary customers and 9.50% from senior citizens. The interest rates for various other periods are as follows:
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Suryoday Small Finance Bank
This small finance bank is paying 9.25 percent interest on fixed deposits of less than two crore. According to the bank website, the bank is offering 9 percent interest from ordinary customers and 9.25 percent from senior citizens on FDs of five years duration. The interest rates for various other periods are as follows:
