These 3 banks offer higher interest than SBI, ICICI, HDFC Bank on term deposits

When it comes to investing with guaranteed returns, bank term deposits (FDs) remain popular investment products not only among seniors, who are looking for guaranteed income, but also among investors who are looking for investment tools. low risk investment. Before choosing an FD, you should compare the interest rates offered. Investors are more likely to put their money in a bank that offers them the highest interest rate. But the rate offered by major lenders like State Bank of India (SBI), HDFC Bank, ICICI Bank and others has been going down for some time. On the contrary, some small financial banks (SFBs) offer lucrative interest rates compared to major lenders. Although they have also reduced the tariffs.

Smaller financing banks offer the highest interest rate ranging from 6.75% to 7%.

Suryoday Small Finance Bank FD rate

According to its website, Suryoday Small Finance Bank offers interest ranging from 3.25% to 6.75% on deposits with a maturity of 7 days to 10 years.

North East Small Finance Bank FD Rate

North East Small Finance Bank offers an interest rate ranging from 3% to 7% on FDs with a maturity of 7 days to 10 years.

Jana Small Finance Bank FD rate

Jana Small Finance Bank offers interest rates ranging from 2.5% to 6.75%. Utkarsh Small Finance Bank offers interest rates ranging from 3% to 6.75%

SBI FD rate

SBI FDs between 7 days and 10 years will give 2.9% to 5.4% to general clients.

HDFC FD Bank Rate

HDFC Bank offers interest ranging from 2.50% to 5.50% on deposits with a maturity of between 7 days and 10 years.

ICICI Bank FD rate

ICICI Bank gives interest rates ranging from 2.5% to 5.50% on deposits with a maturity of 7 days to 10 years.

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