This news will cheer you up if you too wish to receive the highest interest rate on your investment. Yes, you can invest in FD for this in addition to all the government investment plans. One of the safest methods is to invest in FD. Banks pay varying interest rates on foreign direct investment (FD). The RBI raised the repo rate by 250 basis points during the past year. Following this, banks likewise quickly raised interest rates. Tell us about the interest rates that small finance institutions are offering.
Suryoday Small Finance Bank interest rates
The annual interest rates that Suryoday Small Finance Bank offers range from 4% to 8.60%. The bank offers the highest interest rate, 8.60%, for a two- to three-year term. The revised rates were put into effect by the bank on August 7, 2023.
FD with terms ranging from
seven days to ten years are available from Unity Small Finance Bank. The interest rates that the bank offers vary in duration, from 4.50 percent to 9 percent. The bank is offering a nine percent interest rate for a hundred and one days. Concurrently, a 7.65% interest rate is offered for terms spanning from 1002 days to 3 years.
Fincare Small Finance Bank also offers
FDs with terms ranging from seven days to ten years. Interest rates in this case range from 3 percent to 8.61 percent. The bank is offering FDs with a duration of 750 days, or roughly two years, at an interest rate of 8.61 percent. Simultaneously, 8.15 percent interest is offered on FDs with terms varying from 751 days to 2.5 years. These prices will be in effect as of October 28, 2023.
For FD held for up to ten years
ESAF Small Finance Bank offers interest at an 8.50 percent rate. Fixed-rate bonds (FDs) with maturities longer than two years but shorter than three years can have an interest rate of 8.50 percent. The bank put these rates into effect on April 14, 2023.
The interest rate range
offered by Jana Small Finance Bank is 3 to 8.50 percent. This interest rate is provided based on several time periods. The interest rate for FDs maturing in two to three years is 8.5 percent at Jana Small Finance Bank.
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