Fixed Deposits continue to be a trusted investment choice for many, primarily due to the guarantee of returns and the absence of risk of losing the principal amount. This trust has maintained their popularity among people, prompting banks to regularly update their FD rates.
Recent Updates on FD Rates
- Capital Small Finance Bank:
- Offers a return of up to 7.15% for a one-year FD.
- For a 400-day FD, the interest rate is 7.6%.
- Senior citizens receive an interest rate of 8.10% for the same duration.
- Equitas Small Finance Bank:
- Has set an interest rate of 8.20% for FDs.
- Offers 8.50% interest for a 444-day FD.
Banks Offering More Than 9% Interest
- Capital Small Finance Bank: 8.10% for 400 days.
- Equitas Small Finance Bank: 8.5% for 444 days.
- Utkarsh Small Bank: 9.10% for 2-3 years.
- Jana Small Finance Bank: 9.0% for 2-3 years.
- Ujjivan Small Finance Bank: 8.25% for 560 days.
- Jana Small Finance Bank offers 8% interest for a one-year FD, with senior citizens getting 9% for a 2-3 year FD.
- Ujjivan Small Finance Bank provides 8.25% interest for a 560-day FD, with an additional 50 basis points for senior citizens.
These rates indicate a trend of competitive interest rates offered by small finance banks, making FDs an attractive option for investors looking for safe and steady returns.
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