Highest FD Interest Rates: If you are planning to invest in FD this time after seeing good interest rates, then this news is useful for you. Bumper interest is being given on FD by some private banks. After the repo rate reached 6.5 percent, many banks are giving good returns on FD. Unity and Suryoday Small Finance Bank are giving more than 9 percent interest to their customers. The investment on some tenure FDs from both these small finance banks is much higher than investment schemes like PPF, Employees Provident Fund (EPF) and Sukanya Samriddhi Yojana (SSY).
Unity Small Finance Bank
Unity Small Finance Bank is giving interest between 4.5% to 9% to regular customers. The bank is giving an annual interest of 9.5% to senior citizens. This interest is being given on FD with a period of 1001 days. But for general investors this interest is 9%. Senior citizens get interest rates ranging from 4.5% to 9.5% from the bank on deposits maturing in 7 days to 10 years.
Suryoday Small Finance Bank
Suryoday Small Finance Bank is offering interest between 4% to 9.1% to general customers on FDs maturing between 7 days to 10 years. From the bank, senior citizens are getting interest ranging from 4.5% to 9.6% on deposits maturing in 7 days to 10 years. The highest interest rate of 9.1% is offered on a tenure of five years. Suryoday Small Finance Bank said that regular customers can get interest rate of 9.10% on deposits of 5 years. For senior citizens, this interest rate is 0.5 percent higher i.e. 9.60%.
