Investors dream of getting strong returns on their money. Those who do not take risk invest money in Fixed Deposits ie Fixed Deposits and those who have the ability to take risk turn to the stock market.
Fixed deposits are considered a traditional and safe mode of investment. If you are also thinking of making great returns through FD, then there is a great opportunity for you. Actually, recently Suryoday Small Finance Bank has increased the interest rates on FDs. This bank is offering tremendous interest up to 9.6% on FD.
Suryoday Small Finance Bank has increased the interest paid on FDs of less than 2 crores from 49 to 160 basis points for 1-5 years. Now the general customers of the bank are getting the benefit of interest rate ranging from 4 per cent to 9.10 per cent while for senior citizens this interest rate ranges from 4.50 per cent to 9.60 per cent.
FD rates of Suryoday Small Finance Bank
The bank is paying 6.85 percent interest on FDs of 1 year. 8.50 percent interest is being received on FDs of 1 to 2 years. The interest rate on FD of 999 days is 9 per cent while the interest on FD for a period of 5 years is 9.10 per cent. The interest rate goes up to 7.25 percent for a period of 32 months, 27 days to 3 years and 5 years to 10 years.
For senior citizens, it will be one lakh in 5 years, 1.60 lakh
If a senior citizen makes an FD of one lakh rupees in Suryoday Small Finance Bank for 5 years, then he will get Rs 1,60,694 on maturity according to the return of 9.6 percent.
