FD Rates: RBI is going to announce the repo rate on 5th April. That is, it will be decided on April 5 whether the interest on FD will increase or not. If RBI increases the repo rate then the interest on your FD will increase. The interest you get on FD will increase. Currently some small finance banks are offering 9 percent interest on FD. Know the details here.
Shivalik Small Finance Bank
Shivalik Small Finance Bank is offering interest between 3.50% to 8.70% for general citizens. The interest rate for senior citizens ranges between 4% to 9.20%. The maximum interest rate on FD 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.
Suryoday Small Finance Bank
Suryoday Small Finance Bank is offering interest between 4% to 9.01% for general citizens. Interest rates for senior citizens range between 4.40% to 9.25%. For senior citizens, it is offering a maximum interest rate of 9.01% and 9.25% for a period of 2 years 1 month (25 months). These rates are applicable from March 1, 2024.
North East Small Finance Bank
The bank said it is offering 7.75 percent interest on FDs of 366-1,095 days and 8.5 percent interest to senior citizens. This interest is available on FD up to Rs 5 crore. The bank is offering interest rates of 8.4 percent and 9.15 percent to regular and senior citizens respectively on deposits for a period of 400 days. For FDs up to Rs 5 crore and tenures of 555-1,111 days, the bank is offering interest rates of 8.50 percent to regular customers and 9.25 percent to senior citizens.
Ujjivan Small Finance Bank
Ujjivan Small Finance Bank is offering interest between 3.75% to 8.50% for general citizens. The maximum interest rate for 15 month FD is 8.50%. The maximum interest rate for senior citizens on the same tenure is 9%. These rates have come into effect from March 7, 2024.
PF Transfer New Rules: Now balance will be transferred automatically from EPFO account, detail here
