As Fixed Deposits (FDs) gain prominence in the investment landscape, several banks in India are now offering attractive interest rates on these secure investment avenues. The financial market has witnessed a surge in FD investments, with millions of Indians opting for this traditional yet reliable investment choice.
Unity Small Finance Bank stands at the forefront, offering competitive interest rates on FD investments ranging from 4.50% to 9.50%. For regular account holders, the bank provides interest rates of 5.50% for assets ranging from 61 to 90 days and 5.75% for investments spanning 91 to 164 days. Senior citizens can benefit even more, receiving up to 9.50% interest on 1001-day investments.
Suryoday Small Finance Bank follows suit, providing interest rates between 4.50% and 9.10% on FD investments. For regular account holders, the bank offers rates of 5% for investments spanning 91 days to 6 months and 6.85% for one-year investments. Meanwhile, senior citizens can earn 9.10% on 1001-day investments.
Fincare Small Finance Bank also features among the top contenders in providing substantial interest rates, offering customers rates from 3.00% to 9.11%. Regular account holders can earn 5.75% on investments of 91 to 180 days, while those opting for a longer tenure of 12 to 15 months can avail of a competitive rate of 7.50%. The bank provides an impressive 8.51% interest rate for 750-day investments for regular account holders, while senior citizens can earn up to 9.11%.
These banks, including Equitas Small Finance Bank and Jana Small Finance Bank, provide interest rates from 4% to 9%. However, the decision to invest should be made after careful consideration and analysis of each bank’s offerings.
Research and reports have revealed that a growing number of Indians, totaling over 24 million, have opted for Fixed Deposits as their preferred investment avenue, check these Fixed Deposit Offers: Invest Now. This increasing trend showcases the growing trust and reliability placed in FDs as a secure investment option. The rising participation in FDs reflects people’s confidence in these deposits’ stability and assured returns.
