If you are also looking for high returns with a safe investment, then this news is very important for you. Even after the cut in the repo rate, Unity Small Finance Bank, Sarvodaya Small Finance Bank and Utkarsh Small Finance Bank are offering more than 9 percent return on FD to their customers.
New Delhi: Earlier this month, the Reserve Bank of India had reduced the benchmark rate Repo Rate by 25 basis points after 5 years, after which the loan takers have got a big relief. Now they can reduce the amount of installment coming every month or the loan period. But on the other hand, this is also bad news for people investing in fixed deposits. Usually after the cut in repo rate, commercial banks cut the interest rates on fixed deposits, which reduces the annual return on the investment amount. But at present, some banks are still offering an annual return of 9.5 percent to their customers.
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Unity Small Finance Bank is offering an annual return of 9.5%
Unity Small Finance Bank is offering attractive interest rates ranging from 4.50 percent to 9 percent to its general FD customers while giving the highest interest rate of 9.5 percent to senior citizen customers. However, this return on FD will depend on the tenure. Let us tell you that these rates are applicable on FDs maturing in 7 days to 10 years. Let us tell you that Unity Small Finance Bank is giving the highest interest of 9.00% for FD of 501 days and 9.50% for 1001 days. The updated interest rates are applicable on February 12.
Suryoday SFB is offering 9.10 percent interest.
At the same time, Sarvodaya Small Finance Bank is offering a return of 8.60% on FDs maturing in 5 years for its general citizens, while for senior citizens, it is offering an interest rate of 9.10% on FDs of normal duration. At the same time, the bank is giving interest ranging from 4 percent to 8.60 percent on FDs maturing in 7 days to 10 years, while senior citizens are getting 0.50 percent more interest rate in the same period.
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Utkarsh Small Finance Bank is giving this much percentage return.
Apart from this, Utkarsh Small Finance Bank is offering the highest interest rate of 8.50% to its general customers on FDs maturing in 1500 days, while senior citizens are getting a return of 9.10 percent on FDs of the same duration. At the same time, the bank is offering 4 percent to 8.5 percent annual interest on fixed deposit schemes from 7 days to 10 years for general citizens, while for customers above 60 years of age, it is offering 4.60 to 9.10 percent annual return for the same tenure.
