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FD Interest Rate: These banks are offering 9% interest rate on fixed deposits to senior citizens, see details

FD is considered to be one of the most common financial instruments to invest your hard earned money. Bank FDs are considered to be the most preferred investment option as it is considered safer than investing in equities like stocks, SIPs or mutual funds (MFs).

FD Rate: In terms of investment, people have many options in today’s era. Through these options, people can invest in different mediums according to their convenience. While some investments are risky, some investments are quite safe as well. Many people give more importance to safe investment and invest money in FD.

Fixed Deposit

Fixed Deposit (FD) is considered to be one of the most common financial instruments to invest your hard earned money. Bank FDs are considered to be the most preferred investment option as it is considered safer than investing in equities like stocks, SIPs or mutual funds (MFs). At the same time, small finance banks offer higher interest rates on FDs as compared to commercial banks. In such a situation, today we are going to talk about those banks which provide 9% interest on FD.

Unity Small Finance Bank Latest FD Interest Rates

It offers interest rate ranging between 4.5% to 9% for regular customers. It currently offers an interest rate of 9.5% per annum to senior citizens. Retail investors get 9% on FD with conditions. These rates are effective from 2 May 2023.

Unity Small Finance Bank Latest FD Interest Rates for Common Citizens

– 6 months to 201 days: 8.75%

– 501 days: 8.75%

– 1001 days: 9.00%

Unity Small Finance Bank Latest FD Interest Rates for Senior Citizens

– 6 months to 201 days: 9.25%

– 501 days: 9.25%

– 1001 days: 9.50%

Utkarsh Small Finance Bank Latest FD Interest Rates

Deposits maturing in 700 days in Utkarsh Small Finance Bank will now earn a maximum interest rate of 8.25% for general public and 9% for senior citizens. According to the official website of the bank, the new FD rates are effective from 27 February 2023. The bank offers FDs to senior citizens with interest rates ranging from 4.75% to 9%.

Utkarsh Small Finance Bank Latest FD Interest Rates for Common Citizens

– 700 days 8.25%

Utkarsh Small Finance Bank Latest FD Interest Rates for Senior Citizens

– 700 days 9.00%

Fincare Small Finance Bank Latest FD Interest Rates

Fincare Small Finance Bank now offers FD interest rates ranging from 3% to 8.4% for general citizens and 3.60% to 9.01% for senior citizens. The highest interest rate of 9.01% is offered for a tenure of 1000 days. These rates are applicable from March 24, 2023.

Fincare Small Finance Bank Latest FD Interest Rates for Common Citizens

– 1000 days – 8.4%

Fincare Small Finance Bank Latest FD Interest Rates for Senior Citizens

– 1000 days 9.01%

Shyamu Maurya
Shyamu Maurya
Shyamu has done Degree in Fine Arts and has knowledge about bollywood industry. He started writing in 2018. Since then he has been associated with Informalnewz. In case of any complain or feedback, please contact me @informalnewz@gmail.com
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