If you’re a senior citizen looking to invest your savings, Fixed Deposits (FDs) are often the first choice.
With the rising interest rates, many small finance banks are offering attractive returns on 3-year FDs.
Here are 5 banks that provide interest rates of up to 9% on deposits of less than Rs 3 crore. Let’s explore the top offers:
1. North East Small Finance Bank
Interest Rate: 9%
FD Tenure: 3 years
North East Small Finance Bank offers the highest interest rate, making it an excellent choice for those seeking to maximize their returns over a short period.
2. Suryoday Small Finance Bank
Interest Rate: 8.6%
FD Tenure: 3 years
Suryoday Small Finance Bank provides a solid return on FDs, making it a competitive option for investors.
3. Utkarsh Small Finance Bank
Interest Rate: 8.5%
FD Tenure: 3 years
Utkarsh Small Finance Bank offers competitive rates for those looking to park their funds in a secure investment for three years.
4. Jana Small Finance Bank
Interest Rate: 8.25%
FD Tenure: 3 years
Jana Small Finance Bank provides a reasonable interest rate, ensuring steady growth of your savings over time.
5. Unity Small Finance Bank
Interest Rate: 8.15%
FD Tenure: 3 years
Unity Small Finance Bank rounds off the list with an attractive rate, ideal for investors looking for a safe investment option with good returns.
Investing in these small finance banks for a 3-year FD term can significantly boost your returns, especially if you’re looking for a secure, low-risk option.
