Fixed Deposit Latest Rates: If you want to earn good profits by investing in FD, then you can book FD through some of the apps given below and earn up to 9.5 percent interest.
Fixed Deposit Latest Rates: RBI’s Monetary Policy Committee, which takes decisions on policy interest rates i.e. repo rate, had a meeting recently. It was announced in this that the repo rate has been cut by 0.25 percent. The repo rate has been cut by RBI after 5 years. With this decision of the Reserve Bank (RBI), people will get some relief in loan EMI. Along with this, the interest rates of bank FD will also be reduced. In such a situation, if you want to invest in Fixed Deposit (FD), then do it as soon as possible.
If you want to earn good profits by investing in FD, then you can book FD through some of the apps given below and earn up to 9.5 percent interest. The special thing is that on booking FD through these apps, you will not have to open an account in the concerned bank. But you may have to do KYC.
FD through Stable Money app (up to 9.5% interest)
- Unity Small Finance Bank – 9.5 percent interest (1001 days FD)
- Shivalik Small Finance Bank – 9.3 percent interest (1 year 5 months 25 days FD)
- Suryoday Small Finance Bank – 9.1 percent interest (5 years FD)
- Utkarsh Finance Bank – 9.1 percent interest (2 years FD)
- North-East Small Finance Bank – 9 percent interest (3 years FD)
FD through Super.Money app (up to 9.3% interest)
You can easily book FD through Super.Money, an app owned by Flipkart. You can also make UPI payments through this app. According to the list of banks listed on the app, you can earn up to 9.3 percent interest here.
- Shivalik Small Finance Bank – 9.3 percent interest (1 year 6 months FD)
- Suryoday Small Finance Bank – 9.1 percent interest (5 years FD)
- Utkarsh Finance Bank – 9.1 percent interest (2 years FD)
- North-East Small Finance Bank – 9 percent interest (3 years FD)
- South Indian Bank – 7.9 percent interest (1 year 7 months FD)
- FD through Tata Neu app (up to 9.1% interest)
- Suryoday Small Finance Bank – 9.1 percent interest (5 years FD)
Up to Rs 5 lakh is safe if the bank collapses
The only relief available to the depositor in case of bank collapse or bankruptcy is the insurance cover provided by Deposit Insurance and Credit Guarantee Corporation i.e. DICGC. Insurance cover under DICGC is available up to Rs 5 lakh. No matter how much money is deposited in all your accounts in the same bank, you will get an insurance cover of only Rs 5 lakh. This amount includes both the principal and the interest amount. DICGC’s deposit insurance covers all insured commercial banks including LAB, PB, SFB, RRB and co-operative banks.
If you have deposited or want to deposit money in any bank, then you can check whether it is registered for deposit insurance or not by clicking on the link given below…
This is the link- https://www.dicgc.org.in/FD_ListOfInsuredBanks.html
Most Read Articles:
- New Tax Bill: New tax bill will be presented today… Understand easily in 10 points what has changed in it for the common man?
- EPFO Pension: You will get this much pension if you leave the job after 10 years, know calculation here
- Credit Card Link UPI: Link your credit card to UPI from home, know step-by-step guide
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
