If you want to get higher returns on your fixed deposits, you can consider investing in these 3 banks. These banks are offering up to 9% interest on FDs.
High-Interest FD Banks: There is hardly anyone in today’s time who does not invest. Let us tell you that there are many investment options, you can invest in mutual funds or FDs. Although investing in mutual funds can be a bit risky, in such a situation you can think about FD. Let us tell you that at this time many small banks are giving good returns on FDs to investors. These banks are giving you up to 9 percent interest. These include banks like North-East Small Finance Bank, Unity, Suryodaya. Let us tell you that you can invest online in the FD of these banks. Here we will tell you about these banks.
Investment in Fixed Deposit
There are many people who want to stay away from the risk of the stock market, in such a situation they still prefer to invest in Fixed Deposit (FD). Let us tell you that many banks are giving great interest to investors on FD. The good thing is that the interest rate for senior citizens in these banks is slightly higher than that of common investors. Here we are listing some banks which are giving up to 9 percent return on FD.
North East Small Finance Bank
This bank offers FD options ranging from 18 months (546 days) to 3 years (1111 days). By investing in it, you get up to 9% interest. Suppose you invest Rs 1 lakh in this bank, then at this interest rate, this amount will grow to Rs 119483 in 2 years. On the other hand, if you invest in it for 3 years, then on maturity you will get Rs 130605, that is, you will get an extra profit of Rs 30605.
Unity Small Finance Bank
This bank is also giving interest to investors at the rate of 9% per annum. The bank is giving this interest rate on investment of 1001 days (2 years 9 months). If you make an FD of Rs 1 lakh in this bank for this period, then on maturity you will get Rs 130605. That is, you will get a return of Rs 30605 on Rs 1 lakh in 1001 days.
Suryodaya Small Finance Bank
In this bank you get 8.6 percent annual interest. However, this benefit will be available to those investors whose FD is between 2 to 3 years. If you make an FD of Rs 1 lakh for two years, then after two years you will get Rs 118551. That is, you will have a profit of Rs 18551. On the other hand, if you make an FD for 3 years, then after 3 years you will get Rs 129080, that is, you will have a profit of Rs 29080.
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