- By Aditya Pratap Singh
- Tue, 02 Apr 2024 07:04 PM (IST)
- Source:JND
FD Rates: The Reserve Bank of India (RBI) is scheduled to announce the decision on repo rate on April 5. The decision would further decide the increament on fixed deposit interest rate. If RBI increases the repo rate, then the interest on your FD will also get a hike. Currently, some small finance banks are offering FD interest rates of up to 9 percent. Below are the details of banks offering interest rate up to 9 per cent.
North East Small Finance Bank
The bank is offering an interest rate of 7.75% on FDs with tenure of 366-1,095 days for common investors, while senior citizens are getting 8.5% interest for the same period. This interest rate is available on FDs up to Rs 5 crore. The bank is offering an interest rate of 8.4% and 9.15% to general and senior citizens, respectively, on deposits for a period of 400 days. For FDs up to Rs 5 crore and tenure of 555-1,111 days, the bank is offering an interest rate of 8.50% to regular customers and 9.25% to senior citizens.
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Ujjivan Small Finance Bank
Ujjivan Small Finance Bank is offering an interest rate of 3.75% to 8.50% to general citizens. The maximum interest rate for 15 months FD is 8.50%. The maximum interest rate for senior citizens on the same tenure is 9%. These rates came into effect from March 7, 2024.
Suryoday Small Finance Bank
Suryoday Small Finance Bank is offering an interest rate of 4% to 9.01% to general citizens. The interest rate for senior citizens is 4.40% to 9.25%. It is offering a maximum interest rate of 9.01% for a period of 2 years 1 month (25 months) and 9.25% for senior citizens. These rates are applicable from March 1, 2024.
Shivalik Small Finance Bank
Shivalik Small Finance Bank is offering an interest rate of 3.50% to 8.70% to general citizens. The interest rate for senior citizens is 4% to 9.20%. The maximum interest rate on FDs with tenure of 24 months 1 day to 36 months is 8.70%. The maximum interest rate for senior citizens is 9.20%. These rates are applicable from March 2, 2024.