Fixed Deposit Interest Rate: This news will cheer you up if you also want to receive the highest interest rate on your investment. Yes, you can invest in FDs for this in addition to all the government investment plans. One of the safest methods is to invest in FD. Banks pay varying interest rates on foreign direct investment (FD). The RBI raised the repo rate by 250 basis points during the past year. Following this, banks also quickly raised interest rates. Allow us to explain the interest rates that small finance banks are offering.
Suryoday Small Finance Bank’s Annual Interest Rates Unveiled
The annual interest rates that Suryoday Small Finance Bank offers range from 4% to 8.60%. The bank offers the highest interest rate, 8.60%, for a two- to three-year term. The new rates were put into effect by the bank on August 7, 2023.
Unity Small Finance Bank’s Versatile FD Offerings
FDs with terms ranging from seven days to ten years are available from Unity Small Finance Bank. The interest rates that the bank offers vary in duration, from 4.50 percent to 9 percent. The bank is offering a nine percent interest rate for a hundred and one days. Concurrently, a 7.65% interest rate is offered for terms spanning from 1002 days to 3 years.
Fincare Small Finance Bank’s Comprehensive FD Portfolio
Fincare Small Finance Bank also offers FDs with terms ranging from seven days to ten years. Interest rates in this case range from 3 percent to 8.61 percent. The bank is offering FDs with a duration of 750 days, or roughly two years, at an interest rate of 8.61 percent. Simultaneously, 8.15 percent interest is offered on FDs with terms varying from 751 days to 2.5 years. These prices will be in effect as of October 28, 2023.
ESAF Small Finance Bank’s Lucrative Offer
For FDs held for up to ten years, ESAF Small Finance Bank offers interest at an 8.50 percent rate. Fixed-rate bonds (FDs) with maturities longer than two years but shorter than three years can have an interest rate of 8.50 percent. The bank itself put these rates into effect on April 14, 2023.
Jana Small Finance Bank’s Dynamic Interest Rate Range
The interest rate range offered by Jana Small Finance Bank is 3 to 8.50 percent. This interest rate is provided based on various time periods. The interest rate on FDs maturing in two to three years is 8.5 percent at Jana Small Finance Bank.
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