Business

Bank fixed deposit (FD) rates above 8.5%

Bank fixed deposit (FD) is considered one of the most preferred investment. As compared to commercial banks, small finance banks offer higher interest rates on fixed deposits. Fincare Small Finance Bank offer 9% interest rate on select maturities for general customers, whereas Suryoday Small Finance Bank and Utkarsh Small Finance Bank offer 8.5% and 8.75% interest rates in select buckets.

For deposits maturing in 7 days to 90 days, Fincare Small Finance Bank gives 4% interest. For 91 days to 180 days, 6%, 181 days to 364 days, 7% interest rates. For deposits maturing in 12 months to 15 months and 15 months 1 day to 18 months, the bank gives 8% and 8.25% interest, respectively.

FDs maturing in 18 months 1 day to 21 months will fetch 8.5% interest and deposits maturing in 21 months 1 day to 24 months will give 8.75% interest. Fincare Small Finance Bank gives highest interest at the rate of 9% on FDs maturing in 24 months 1 day to 36 months. FDs with 3 year 1 day to 5 years and 5 years 1 day to 7 years will fetch an interest rate of 8% and 7%, respectively.

7 days to 45 days- 4%

46 days to 90 days-4%

91 days to 180 days-6%

181 days to 364 days-7%

12 months to 15 months-8%

15 months 1 day to 18 months-8.25%

18 months 1 day to 21 months-8.5%

21 months 1 day to 24 months-8.75%

24 months 1 day to 36 months-9%

3 year 1 day to 5 years-8%

5 years 1 day to 7 years-7%

Tags
Back to top button