The most popular investment tool for savings in the country is fixed deposits. In the last few times, FD rates of many banks including SBI, ICICI Bank, HDFC Bank have come down significantly. Today we are going to tell you about a bank, which is providing FD facility at the rate of 7% even at this time. Paytm Payments Bank also offers an FD facility.
The payments bank is not allowed to provide fixed deposits directly. That's why Paytm Payments Bank has a stake with IndusInd Bank for this. However, the rate of interest is determined by IndusInd Bank. In the Paytm Payments Bank, the FD's maturity period is 13 months and it is getting 7% interest. The special thing in this FD is that before the completion of the maturity period, no charge is to be paid for breaking the FD. However, if you break it before 7 days, you will not have any interest.
Interest rates of some other banks:
AU Small Finance Bank - Here you will get interest at the rate of 7%.
DCB Bank - Interest is available here at the rate of 6.95%. Investment of Rs 1.5 lakh in this bank will increase to Rs 2,11,696 after 5 years.
IDFC Bank - Interest is getting here at the rate of 6.75%. DCB Bank will give Rs 2,09,625 with an investment of Rs 1.5 lakh after 5 years.
RBL Bank - This bank is giving interest at the rate of 6.75% on 5-year FD. Here your 1.5 lakh rupees will become Rs 2,09,625 after 5 years.
Yes Bank - It is giving interest at the rate of 6.25%, on the basis of which you will get Rs. 2,09,625 from the investment of Rs 1.5 lakh.
Deutsche Bank and Ujjivan Small Finance Bank - These banks are giving interest at the rate of 6.25% on a 5-year FD. After 5 years of investment of Rs 1.5 lakh, this amount will increase to Rs 2,02,028.
Bandhan Bank and Karur Vysya Bank - Interest is getting at the rate of 6% on 5-year FD. After investing 1.5 lakh rupees in these two banks, it will increase to Rs 2,02,028 after 5 years.
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