Best FD Rates: Up to 9% interest is available on FD, know which bank is giving the highest interest..

If you want to increase your capital without risk, then there is good news for you. Some banks are now giving up to 9 percent interest on fixed deposits i.e. FD. These interest rates are on fixed deposits of less than Rs 3 crore. At the same time, senior citizens are being given an extra interest of 0.50 percent. Let us know about those banks which are giving a 9 percent return on 3-year fixed deposits.

1. North East Small Finance Bank

North East Small Finance Bank is giving 9 percent interest on a 3-year FD.

2. Suryoday Small Finance Bank

Suryoday Small Finance Bank is giving an 8.6 percent interest rate on a 3-year FD.

3. Utkarsh Small Finance Bank

Utkarsh Small Finance Bank is giving 8.5 percent interest on a 3-year FD.

4. Jana Small Finance Bank
Jana Small Finance Bank is giving 8.25 percent interest on its 3-year FD.

5. Unity Small Finance Bank
Unity Small Finance Bank is giving 8.15 percent interest on a 3-year FD.

6. Equitas Small Finance Bank
Equitas Small Finance Bank is giving an 8 percent interest rate on a 3-year FD.

Is it safe to keep money in these small finance banks?
Now the question arises whether it is safe to keep money in a small finance bank. In case of bank sinking or bankruptcy, the only relief the depositor has is the insurance cover given by Deposit Insurance and Credit Guarantee Corporation i.e. DICGC. Under DICGC, the insurance cover on bank deposits is up to Rs 5 lakh. The insurance cover provided by DICGC works on deposits like savings accounts, FDs, current accounts, RDs, etc.

If your money is deposited in a bank, you can check whether it is registered for deposit insurance or not by clicking on the link given below…