In its recent meeting, the Reserve Bank of India (RBI) chose to keep the repo rate unchanged. With no immediate changes in the repo rate, most banks are expected to make revisions to their Fixed Deposit (FD) interest rates, although the prospects of significant changes are somewhat uncertain. In light of this, are you among those seeking options for FD investments that offer higher interest rates? Currently, FDs are offering more substantial returns compared to what they provided two years ago, making them a preferred investment choice for many, primarily due to their safety.
Fixed Deposit (FD) investments are the preferred choice for most people, primarily because they are considered the safest option. In the present times, FDs are yielding higher interest rates than they were two years ago, attracting investors looking for stable and secure returns on their investments.
Here, we highlight banks that are offering more than 8% interest on FDs to the general public:
1) Unity Small Finance Bank: This bank offers a 9.00% interest rate to the general public and 9.50% to senior citizens on FDs with a tenure of 1001 days.
2) Jana Small Finance Bank: For FDs with a tenure of more than two to three years, this bank offers an interest rate of 8.10% to the general public and 8.80% to senior citizens.
3) Suryoday Small Finance Bank: On FDs with a tenure of 999 days, this bank provides an interest rate of 8.51% to the general public and 8.76% to senior citizens.
4) Ujjivan Small Finance Bank: With a tenure of 560 days, this bank offers an interest rate of 8.00% to the general public and 8.75% to senior citizens.
These banks are leading the way in providing attractive FD interest rates to both the general public and senior citizens, making them promising options for those seeking higher returns on their investments.
