Some public sector banks have recently cut interest rates on Fixed Deposit. Investors investing in this fund are disappointed because people on FD are guaranteed a guaranteed return. Fixed deposits are an ideal option for those who want to withdraw money before investing as well as maturity. Apart from this, the interest received on FD depends on the different bank and investment period. Major banks like SBI, HDFC, Axis and ICICI Bank are paying interest on FDs at the rate of 6-7% per annum. At present, some small finance companies are paying 8-9.5% interest to investors. Sarvodaya Small Finance Bank came into existence in 2008. The finance company is headquartered in Mumbai.
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Talking about Suryoday Small Finance Bank FD Interest Rate, this company is giving interest of 4% to 9% to general customers and 4.5% -9.5% to senior citizens on investments up to Rs 2 crore. The bank is paying the maximum interest of 9% on FDs of five years duration. For general customers, the company has 4% on FDs of seven days to 46 days, 5% on FDs of 46 days to 90 days and FDs of 91 days to six months but giving interest of 5.50%. Sarvodaya Small Finance Bank is giving interest at the rate of 7.50% on FD of six to nine months. You get 7.75% interest on FD of nine months to one year. You get 8.25% interest on FDs of one year to two years and 8.50% on FDs of two to three years duration.
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This finance company was established in June 2017. The company has a corporate office in Bangalore and is licensed by the RBI. It is offering FD from seven days to seven years from the finance company. Fincare Small Finance Bank FD When it comes to interest rates, it gives interest ranging from 4% to 9% for different periods. Senior citizens get interest of up to 4.5-9.5% on the FD of this finance company. The company pays interest at the rate of nine per cent on the FD of 36 months from 30 months to one day. On FDs ranging from 7 days to 90 days, this finance company is giving interest at the rate of 4% and on FDs from 91 days to 180 days at the rate of 6%. Information about interest on other periods is given in the given chart.
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