Fixed Deposits Latest Rates: The Reserve Bank decided to keep the repo rate constant, after which it is believed that banks will not increase the interest rate for the time being. Unity Small Finance Bank is still offering up to 9.50% interest on FD.
Fixed Deposits Latest Rates: This week, announcing the monetary policy, the Reserve Bank retained the repo rate at 6.5 percent. In the last 11 months, it was increased by 2.5 percent. Its effect was visible on fixed deposits and a significant increase in the interest rates received was recorded. Fixed Deposit is the traditional means of investment, which is considered to be the safest investment destination. There are many such small finance banks which are offering more than 9% interest on FD. Let us know about three such small finance banks.
Unity Small Finance Bank FD Rates
Unity Small Finance Bank is offering minimum 4.5 percent and maximum 9 percent interest for individual. The minimum interest rate for senior citizens is 4.5 percent and the maximum interest rate is 9.50 percent. This small finance bank had revised the interest rates on 15 February. Since then these rates are applicable.
Utkarsh Small Finance Bank FD Rates
Talking about Utkarsh Small Finance Bank, it is offering 8.50 percent interest to general customers and 9.25 percent interest to senior citizens on retail term deposits of less than 2 crores. This interest rate is on FD of 700 days. The bank had revised the interest rate on 27 February. Since then it is stable.
Fincare Small Finance Bank Rates
Talking about Fincare Small Finance Bank, it is paying a minimum interest of 3 per cent and a maximum of 8.41 per cent. This small finance bank had revised the interest rate on 24 March. The minimum interest rate for senior citizens is 3.60 percent and the maximum interest rate is up to 9.01 percent.
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