Hit two fours on the spot, getting up to 9.5% interest, this is the ‘auspicious time’ to invest money in FD

After the US Federal Reserve reduced the interest rates by 0.50%, now the Reserve Bank of India can also reduce the repo rate in the next Monetary Policy Committee meeting. If this happens, it will also affect the interest rates of fixed deposits and banks will reduce the interest. Currently, FDs in the country are getting up to 9.5 percent annual interest.

For the past two years, investors have been getting excellent interest on FD accounts of banks and NBFCs. If you also want to get good interest on FD, then you should invest now. The reason for this is that there is a possibility of reduction in FD interest rates in the future, the possibility of increase is very low. Today we will tell you about those banks of the country which are giving the highest interest on fixed deposits.

Unity Small Finance Bank is giving the highest interest on FDs in the country. The bank is giving 9% annual interest to general customers and 9.5% annual interest to senior citizens on FDs with a duration of 1001 days. Interest is being given at the rate of 7.85% on 1 year FD, 8.15% for 3 years and 8.15% for 5 years. Senior citizens are being given 0.50% more interest.

North East Small Finance Bank is also giving 9% interest to general customers on 1111 days period and 9.5% annual interest to senior citizens. Similarly, the bank is giving 7% interest on 1 year FD, 9% on 3 year FD and 6.25% on 5 year FD to general customers.

Suryoday Small Finance Bank is offering 8.65% interest to general customers and 9.15% to senior citizens on a period of 2 years 2 days. The bank’s interest rate for FDs with a tenure of 1 year is 6.85%, for 3 years it is 8.60% and for 5 years it is 8.25%.