Fixed Deposit Offer:
Since both FDs and gold are regarded as the greatest investment possibilities, the majority of individuals in our nation, India, deposit their money in one of them. Because there is less danger involved, FD is regarded as one of those investment options where people like to make long-term investments.
But because so many banks are currently offering very strong interest rates—more than 9%—on FD investments, investing in FDs has grown in popularity. While many banks offer greater interest rates on fixed-rate deposits (FDs) to senior folks, even these banks do not offer as much return on PPF investments.
Today’s post will teach us about the banks where investing in fixed-rate notes (FDs) can provide interest rates more than 9%. If you have any questions, please feel free to ask.
Banks giving more than 9% interest on FD
We have included all of the banks below where you may invest FD and earn an interest rate higher than 9%.
1. Unity Small Finance Bank
When it comes to offering the greatest interest rate on FD investments, Unity Small Finance Bank is leading the pack. You can get fixed deposit interest from this bank that ranges from 4.50 to 9.50%. You receive 5.50% interest if you invest FD at this bank as a regular account holder for 61 to 90 days, and 5.75% interest if you invest for 91 to 164 days.
If you invest in FDs at Unity Small Finance Bank for a year, you receive 7.35% interest; but, if you invest for 1001 days, you can receive up to 9% interest. However, this bank offers senior citizens the highest return rate on FDs—9.50%—for FD investments made over a period of 1001 days.
| day year | Interest on FD (for regular account holders) |
| 1001 days | up to 9% |
| 1 year | 7.35% per annum |
| 2 years | 7.40% per annum |
| 3 year | 7.65% per annum |
| 4 years | 7.65% per annum |
| 5 years | 7.65% per annum |
2. Suryoday Small Finance Bank
The greatest interest rate on FD investments may be obtained from Suryoday Small Finance Bank, second only to Unity Small Finance Bank. These banks provide their account holders 4.50 to 9.10% interest on their FD investments. This bank offers regular account holders 4.50% interest on FD investments made for 46 to 90 days.
| day year | Interest on FD (for regular account holders) |
| 1 year | 6.85% per annum |
| 2 years | 8.50% per annum |
| 3 year | 8.60% per annum |
| 4 years | 6.75% per annum |
| 5 years | 8.25% per annum |
5.85% interest on investments up to a year, and 6.85% interest on FDs made for 91 days to six months. You will receive 8.60% interest if you invest FD at this bank for two to three years. Seniors who invest in FDs for two to three years receive an interest rate of 9.10 percent.
3. Fincare Small Finance Bank
You can also get a nice return on your FD investment with Fincare Small Finance Bank. Interest rates on savings accounts (FDs) at this bank range from 3.00 to 9.11 percent. Regular account holders of this bank receive 5.75% interest on FD investments made for 91 to 180 days, and 7.50% interest on FD investments made for 12 to 15 months.
| day year | Interest on FD (for regular account holders) |
| 750 days | 8.51% per annum |
| 1 year | 7.50% per annum |
| 2 years | 8.01% per annum |
| 3 year | 8.00% per annum |
| 4 years | 7.50% per annum |
These banks provide their regular account holders the highest interest rate—8.51%—on FD investments made over a 750-day period. Seniors receive the highest interest rate of 9.11% on FD investments made for 750 days.
In addition to these three banks, Jana Small Finance Bank offers interest rates on fixed deposits ranging from 3.50 to 9.00 percent, and Equitas Small Finance Bank offers interest rates on fixed deposits ranging from 4 to 9 percent. Now, if you wish to invest foreign exchange in these banks, you should absolutely learn more about them before making an investment.
So many people have invested in FD
For your knowledge, let us also mention that over 24 million Indians have made fixed deposit (FD) investments, and the number of FD investors is rising daily, per a study and report.
We sincerely hope you found this information interesting. Please tell your family about it so they can profit from FD investments as well. Keep checking back on our website to read more stories like this one.
FAQ: Fixed Deposit Offer
Q : Small Finance Bank: What Is It?
Ans : “Small Finance Bank” is the name of the bank. The RBI grants them a small-scale banking license with restrictions.
Q : What are SBI Bank’s FD rates?
Ans : Regular SBI Bank account holders can get FD rates between 3.00 and 7.10%, while elderly persons can get rates between 3.50 and 7.60%.