Numerous number of people still prefer to invest in fixed deposits (FD). Investors who want to stay away from the risk of fluctuation of the stock market and who like safer fixed returns, invest money in FDs. Many banks are offering great interest to investors on their FDs. The interest rate for senior citizens is slightly higher than for other investors.
Likewise, many small banks are giving investors the return of up to 9% on FDs.
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Fixed Deposits: Interest Of Up To 9%
NorthEast Small Finance Bank: According to media reports, this bank is offering 9% interest to investors on investing from 546 days to 1111 days. If someone invests Rs 1 lakh in this bank, then he/she will get Rs 1,19,483 after two years.
Unity Small Finance Bank: This bank is also offering interest at the rate of 9% per annum to investors, said reports. As per the media reports, the bank is offering this interest rate on an investment for 1001 days (2 years 9 months). If you invest with an FD of Rs 1 lakh in this bank for this period, then you will get Rs 1,30,605 on maturity, said reports.
Suryoday Small Finance Bank: According to the reports, this bank is offering 8.6% annual interest to investors. However, this interest rate will be available only to those investors whose FDs duration is between 2 and 3 years. If you invest with an FD of Rs 1 lakh for two years, then after two years you’re entitled to get Rs 1,18,551. Furthermore, if you make an FD for 3 years, then at maturity you will get Rs 1,29,080, said reports.
Utkarsh Small Finance Bank: This bank is also giving interest of 8.50% to the investors on FDs of 2 to 3 years. If you make an FD with Rs 1 lakh investment in this bank for two years, you will get Rs 1,18,320 after the maturity. Likewise, you will get Rs 1,28,702 on maturity for the FD of three years.
Equitas Small Finance Bank: This bank is offering 8.25% interest rate to investors on special FDs of 888 days. If someone make an FD of Rs 1 lakh in this bank, he/she will get Rs 1,17,742 on maturity.
