These 5 Banks Are Giving Extraordinary Returns On FD, These People Are Making Special Profits

FD BANKImage credit source: Deepak Sethi/E+/Getty Images

When it comes to investment, the first thing that comes to everyone’s mind is the stock market. It is often recommended to invest in the stock market for higher returns, but with higher returns there is also higher risk in the stock market. And it is not that you should turn to the stock market just to get higher returns. Today we are going to tell you about those banks that are giving higher interest rates on fixed deposits.

You can now earn more money by making fixed deposits with these banks. While these banking offers are for everyone, they give priority to senior citizens. Some banks offer returns of up to 10 percent. So today we will tell you about five such banks that offer high returns on term deposits. The source of the rates given in this list is paisabazaar.com.

Unity Small Finance Bank

Unity Small Finance Bank tops the list with FD rates of 7.85% for 1 year tenure, 8.15% for 3 years and 5 years tenure and a maximum rate of 9% for regular customers. Senior citizens get an additional 50 basis points (bps), taking their rate to 9.50%.

read this too

Utkarsh Small Finance Bank

Utkarsh Small Finance Bank is offering 8% interest on FD for 1 year, 8.50% for 3 years and 7.75% for 5 years. Senior citizens get an additional 60 basis points (bps), taking their FD rate to 9.10%.

Shivalik Small Finance Bank

Shivalik Small Finance Bank offers FD rate of 6% for 1 year, 7.50% for 3 years and 6.50% for 5 years. It gives 9.05% rate to senior citizens.

Jana small financial bank

Jana Small Finance Bank offers FD rates of 8.25% for 1 year and 3 years, while FD rates for 5 years are available at 7.25%. Senior citizens get the highest interest rate up to 8.75%.

DCB Bank

DCB Bank offers 7.10% returns on 1-year FD, 7.55% on 3-year FD and 7.40% on 5-year FD. The highest FD rate for senior citizens is 8.55% with 50 basis points added.