FD Tips- This bank of the country is giving so much interest on FD, invest today itself
People invest in fixed deposits to secure their future, and FDs are known to provide a safe opportunity for parking funds while offering higher interest rates than savings accounts. In such a situation, if we talk about small banks in the country, they give excellent interest on fixed deposits. Let us know about these banks-
Safety and Stability: Bank fixed deposits are generally considered safe investments due to the assurance of principal repayment and fixed interest income.
Higher interest rates: FDs generally offer higher interest rates than savings accounts, making them attractive to investors looking to grow their savings over time.
Small Finance Banks: Small finance banks often offer higher interest rates on FDs than larger banks, allowing investors to maximize their returns.
Unity Small Finance Bank: Unity Small Finance Bank is currently offering FD interest rates above 9 percent, making it an attractive option for investors seeking high returns on their deposits.
Variation in interest rates: Unity Small Finance Bank offers different interest rates depending on the tenure of the fixed deposit, with rates for senior citizens ranging from 4.5 percent to 9.5 percent.
HDFC Bank: HDFC Bank has recently revised its FD interest rates, with rates ranging from 3 percent to 7.25 percent per annum. Senior citizens are eligible for 0.50 percent additional interest on FDs of the same tenure.
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