5 RBI banks are giving direct interest of more than 9%. HDFC, SBI left everyone behind. Security is limited to that of a big bank

A good direct interest rate always helps in achieving financial goals. Investment is a word which is important in everyone’s life. Whether you’re saving for the future, preparing for retirement, or looking to supplement your income, investing is always a great option.

But where to invest is an important question. There are a variety of investment options available in the market these days, each with its own advantages and disadvantages.

Fixed Deposit (FD) is a popular investment option. It is considered safe and reliable, and it offers assured returns. But do you know that some banks offer interest rates ranging from 9 percent to 9.21 percent?

Here is a list of 5 such banks that offer more than 9% interest rates on FD to senior citizens:

1. Jana Small Finance Bank

FD for tenure ranging from 7 days to 10 years
Interest rate for senior citizens from 3.50% to 9%
9% interest rate on 365 days FD

2. Utkarsh Small Finance Bank

FD for tenure ranging from 7 days to 10 years
Interest rate for senior citizens from 4.60% to 9.10%
9.10% interest rate on FD between 2 to 3 years

3. Suryoday Small Finance Bank

FD for tenure ranging from 7 days to 10 years
Interest rate for senior citizens from 4.60% to 9.10%
9.10% interest rate on FD of 2 years and 2 days

4. Fincare Small Finance Bank

FD for tenure ranging from 7 days to 10 years
Interest rates for senior citizens range from 3.60% to 9.21%
9.21% interest rate on 750 days FD

5. Unity Small Finance Bank

FD for tenure ranging from 7 days to 10 years ,Interest rate for senior citizens from 4.50% to 9.50% , 9% interest rate on FD of 1001 days.

Opening an FD in one of these banks can give you many benefits:

Higher interest rates: You will get higher returns on your investment Security: FD is a safe investment option, all these banks are equipped with the insurance scheme of RBI.
Reliability: These banks are regulated by RBI

It is important to note that:

These interest rates are for senior citizens. Interest rates may change from time to time.
It is important to compare the interest rates and other terms of the bank before opening an FD.
If you are looking for a safe and reliable investment option that can provide you high returns, then FD in banks with interest rates above 9% can be a great option.

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