These Banks Are Paying Upto 7.5% Interest On Fixed Deposits

There are many banks that offer interest rates on fixed deposits (FD) ranging from 7% to 7.5%. In such a situation, it is beneficial for those investors who are unhappy with the fall in FD interest rates in the last few months. Presently, SBI is paying an interest rate of 4.90% on deposits up to Rs 2 crore for tenure between 1 year and 2 years.
Small finance banks generally offer higher interest rates on FDs than commercial banks. Currently, many banks are offering interest rates on FDs ranging from 2.5 percent to 7.5 percent.
Jana Small Finance Bank
Jan Finance Small Bank is paying interest between 2.5 per cent and 7.50 per cent on FD for a period ranging from 7 days to 10 years. Apart from this, the bank gives an additional interest of 0.50 percent to senior citizens. These deposits will earn interest rates for senior citizens from 4 percent to 8 percent.
7-14 days 2.50%
15-60 days 3%
61-90 days 3.75%
91-180 days 4.5%
181–364 days 6%
1 year [365 days] 6.75%
1 year to 2 years 7.00%
2 years to 3 years 7.00%
3 years to 5 years 7.25%
5 years 7.00%
5 years to 10 years 6.50%
These interest rates apply to deposits below Rs 2 crore. For more information you can visit the bank’s website.
Written By :

Minakshee