THESE Banks are Offering up to 9% Interest Rate on 1001 Days FDs

When it comes to seeking secure returns, many individuals still rely on bank fixed deposits (FDs) despite the availability of various investment options.

Bank FDs are considered safer compared to investments in equities such as stocks, SIPs, or mutual funds (MFs).

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In recent months, FD interest rates have witnessed an upward trend.

However, small finance banks continue to offer higher interest rates on deposits compared to commercial banks.

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One such small finance bank is Unity Small Finance Bank, which currently provides up to 9% interest on FDs.

Senior citizens can avail an interest rate of 9.5% p.a. on their FD investments.

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Unity Small Finance Bank:

1) For General Citizens : 6 months – 201 days: 8.75%, 501 days: 8.75%, 1001 days: 9.00%

2) For Senior Citizens : 6 months – 201 days: 9.25%, 501 days: 9.25%, 1001 days: 9.50%

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Utkarsh Small Finance Bank:

Moving on to Utkarsh Small Finance Bank, they now offer a maximum interest rate of 8.25% and 9% for senior citizens on deposits maturing in 700 days.

It’s worth mentioning that the bank provides FDs with interest rates ranging from 4.75% to 9%.


Fincare Small Finance Bank:

Fincare Small Finance Bank currently offers FD interest rates ranging from 3% to 8.4% for general citizens and 3.60% to 9.01% for senior citizens.

On the other hand, prominent banks like SBI, HDFC Bank, and ICICI Bank offer interest rates between 3% to 7.10% on FDs maturing in 7 days to 10 years. Senior citizens enjoy interest rates ranging from 3.50% to 7.60%.


Bank FDs continue to attract investors due to their stability and the potential for returns.

With various banks offering competitive interest rates, individuals have the opportunity to choose an FD option that suits their financial goals and preferences.

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Our Thought

Fixed Deposits are one the most used scheme among Investors to grow their money. The fixed deposit gives a little but guaranteed returns to investors. One thing you all should know is all the RBI approved Banks provide Fixed Deposit Service. Govt Banks tend to provide lesser interest rates than the small finance banks.

Fixed Deposits in small finance bank is as secure as any other govt institutions. You should go for small finance banks for deposits up to 3 lacs to earn higher interest rates.

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Do you also invest in Fixed Deposits? Which bank do you prefer? let us know in comments below.


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