Some small financial banks offer up to 9% interest on FDs.
There is a risk of sinking money when getting FD in small financial banks.
Investing in Small Finance Banks can also take out additional insurance for FD.
New Delhi. Currently, there is competition between banks and financial institutions to pay more interest for FDs. Banks are trying to get more and more customers by offering higher interest rates on FDs. Meanwhile, many small financial banks offer higher interest rates than the big banks. In such a situation, it is important that you know how correct it is to invest in these FD plans?
Let us tell you that the major banks in the country are currently paying up to 8% interest on FDs. At the same time, small financial banks offer interest rates of up to 8.50 percent. At the same time, some small financial banks are giving up to 9% interest on FDs for seniors. In such a situation, if you’re thinking of getting FD on these, you need to take care of a few things first.
Read This Also- Invest In These LIC Policies, You Will Free Yourself From Worrying About Your Children’s Future!
These banks are giving the highest interest.
Unity Small Finance Bank offers 8.50 percent interest to citizens in general and 9.00 percent interest to seniors for a period of 181 and 501 days among the small financial banks offering the highest interest in F.D. Suryoday Small Finance Bank gives 8.51 percent interest to general citizens and 8.76 percent to seniors in FD for 999 days. On the other hand, Ujjivan Finance Bank pays 8.20 percent interest in FD for 560 days. While Utkarsh Small Finance Bank offers 8.25 percent interest for general citizens and 9 percent interest for seniors in FD for a period of 700 days.
It is not only interesting, it is also important to see
Although small financial banks are offering more interest than other big banks. But if you are thinking of investing in your FD scheme, there are a few things to keep in mind. There is a risk of getting FD in these banks. Therefore, you must first check whether the bank is not facing any financial crisis. The risk of collapse of these banks is high.
First reading of breaking news in Hindi News18 Hindi| Read today’s latest news, live news updates, most trusted Hindi news website News18 Hindi.
Tags: FD Bank, business news, business news in hindi, DF rates, fixed deposits, Sure, Interest rates, Investment, runs batted in
FIRST POSTED: March 18, 2023, 7:55pm IST