Curated By: Business Desk
Last Updated: February 22, 2024, 17:31 IST
Equitas give 8% curiosity on FDs of three years.
Jana Small Finance Bank provides an 8.50 per cent rate of interest on maintaining cash for 1 yr.
A set deposit can also be known as a time deposit or time period deposit, the place individuals can make investments their cash. This funding possibility permits depositors to take a position their cash for a set interval. It additionally permits them to earn mounted curiosity on it at common intervals throughout the chosen tenure or at maturity. It is taken into account a safer funding possibility, however not a lot return is predicted on it because the rates of interest are often mounted. There are some banks, nonetheless, which can be providing 8 per cent curiosity on the FDs. So, let’s check out these banks which can be providing an rate of interest of 8 per cent or extra on FDs:
AU Small Finance Bank
AU Small Finance Bank is a small finance financial institution based mostly out of Jaipur. This financial institution provides its clients the choice of FDs. If the purchasers deposit cash for 18 months, then they’ll get curiosity at a charge of 8 per cent. The financial institution additionally provides 0.24 per cent of the curiosity quantity; because of this, clients will get a complete rate of interest of 8.24 per cent at this financial institution.
Equitas Small Finance Bank
Equitas is one other small finance financial institution that has been providing good curiosity to its clients on FDs. As per their guidelines, clients can get 8.20 per cent curiosity on FD if the tenure of it’s one yr. They give 8 per cent curiosity on deposits for 3 years and as much as 7.25 per cent curiosity on maintaining cash in FDs for five years.
Fincare Small Finance Bank
Fincare Small Finance Bank additionally has some thrilling offers for traders. Customers can get curiosity as much as 8.11 per cent on an FD at this financial institution. This curiosity might be out there on the cash for 3 years. 8 per cent curiosity is being given for five years.
Jana Small Finance Bank
It is without doubt one of the earliest small banks that bought official approval by the RBI for working as a small financial institution. This financial institution provides an 8.50 per cent rate of interest on maintaining cash for 1 yr. If cash is saved for 3 to five years, 7.25 per cent curiosity might be given.
