Recently, two banks have increased the interest rates available on fixed deposits. Customers are getting up to 9.5 percent interest on the special FD scheme.
Bank FD: Fixed Deposit is safe and the best way to save. A large population of the country prefers to invest in FD for savings. Many banks have increased the interest on FD. Some banks are giving more than 9.5 per cent interest. Unity Small Finance Bank and Suryoday Small Finance Bank have recently increased the interest rates on FDs. The interest rate is also different on different schemes.
Suryoday Small Finance Bank FD
The bank has also implemented new FD rates. Senior citizens are getting 9.6 per cent for a period of 5 years. Rs 80347 interest will be available on maturity on a low deposit of Rs 5,000. Rs 1.6 lakh on 1 year deposit and Rs 16 lakh on 10 year deposit will be available on maturity. SSFB is offering higher interest as compared to other public sector banks. Senior citizens are getting 4.50 per cent to 9.60 per cent interest on fixed deposits of less than two crores for 7-10 years.
Unity Small Finance Bank
Unity Small Finance Bank has increased the interest rates of FD a few days back. The new rates have also come into force. Interest ranging from 4.5 per cent to 7 per cent is being received on FDs ranging from 7 days to 10 years. Senior citizens will get more benefits than normal citizens. The bank is offering 9.5 per cent interest on the 1001-day FD scheme.
