Fixed Deposits (FDs) have long been a go-to investment avenue for those seeking stability and guaranteed returns, and the current landscape brings good news for investors. Several small finance banks are offering interest rates exceeding 9%, promising a secure path to double your money.
Recent Updates on FD Rates
Capital Small Finance Bank:
- Offers a return of up to 7.15% for a one-year FD.
- Provides an attractive interest rate of 7.6% for a 400-day FD.
- Senior citizens enjoy a boosted interest rate of 8.10% for the same duration.
Equitas Small Finance Bank:
- Sets an impressive interest rate of 8.20% for FDs.
- Offers a high-interest rate of 8.50% for a 444-day FD.
Banks Offering More Than 9% Interest
- Capital Small Finance Bank:
- Interest rate: 8.10%
- Duration: 400 days
- Equitas Small Finance Bank:
- Interest rate: 8.5%
- Duration: 444 days
- Utkarsh Small Bank:
- Interest rate: 9.10%
- Duration: 2-3 years
- Jana Small Finance Bank:
- Interest rate: 9.0%
- Duration: 2-3 years
- Ujjivan Small Finance Bank:
- Interest rate: 8.25%
- Duration: 560 days
Unlocking Lucrative Options
Jana Small Finance Bank further sweetens the deal with an 8% interest rate for a one-year FD, while senior citizens enjoy an impressive 9% for a 2-3 year FD. Ujjivan Small Finance Bank provides a competitive 8.25% interest rate for a 560-day FD, with an additional 50 basis points for senior citizens.
These enticing rates not only present an attractive opportunity for investors but also signify a trend of intense competition among small finance banks. The pursuit of offering higher interest rates makes FDs an appealing choice for those seeking secure and steady returns.
