A lot of benefits are being provided to customers in fixed deposits. It is very beneficial for the customers because there is no possibility of loss in it. In this the capital remains safe and good returns are also available. Better returns are being provided to customers in fixed deposits. Guaranteed returns are available in fixed deposit investment.
Interest rate up to 8.25% is being given
SFBs are providing good interest rates on fixed deposits. At the same time, senior citizens are being given the benefit of higher interest rate than normal. Senior citizens are getting higher interest rates ranging from 0.50% to 0.75% on fixed deposits. Therefore, investment should be made only after comparing the interest rates of all the banks.
Talking about small finance bank, interest rate is 8% in AU Small Finance Bank, 8.25% in Equitas Small Finance Bank, 8.25% in ESAF Small Finance Bank, 8.25% in Jana Small Finance Bank, 8.5% in Suryoday Small Finance Bank, Utkarsh Interest rate is 8.5% in Small Finance Bank and 8.2% in Ujjivan Small Finance Bank.
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