Best bank FD rate: This bank offers 9% on fixed deposits. Latest FD rates here

 


Fixed deposit (FD) is considered to be one of the most common financial instruments to invest your hard-earned money. Bank FD is considered the most preferred investment option because it is considered safer as compared to investments in equities like stocks, SIPs, or mutual funds (MFs). As compared to commercial banks, small finance banks offer higher interest rates on term deposits or FDs. Unity Bank offers a 9% interest rate on select maturities for general customers.

Also Read– Should you opt for higher pension under the Employee Pension Scheme?

UNITY SMALL FINANCE BANK LATEST FD INTEREST RATES

For regular consumers, it offers interest rates between 4.5% to 9%. It currently provides senior citizens with an interest rate of 9.5% p.a. on fixed deposits invested for terms of 1001 days, respectively, while retail investors get 9% for the same terms. These rates are effective from 2 May 2023.

UNITY SMALL FINANCE BANK LATEST FD INTEREST RATES FOR GENERAL CITIZENS

> 6 Months – 201 Days  8.75%

501 Days 8.75%

1001 Days 9.00%

Also Read– LIC Jeevan Azad: For 20 Years Policy, Pay Premium Only For 12 Years, Know Key Details Here

UNITY SMALL FINANCE BANK LATEST FD INTEREST RATES FOR SENIOR CITIZENS

> 6 Months – 201 Days 9.25%

501 Days  9.25%

1001 Days 9.50%

UTKARSH SMALL FINANCE BANK LATEST FD INTEREST RATES

At Utkarsh Small Finance Bank, deposits maturing in 700 days will now earn a maximum interest rate of 8.25% for the general public and 9% for senior citizens. As per the official website of the bank, the new FD rates are effective as of 27th February 2023. The bank offers senior citizens fixed-term deposits with interest rates ranging from 4.75% to 9%.

Also Read– 7th Pay Commission: Possible hike in salary and allowance for central government employees, check details

UTKARSH SMALL FINANCE BANK LATEST FD INTEREST RATES FOR GENERAL CITIZENS

700 Days 8.25%

UTKARSH SMALL FINANCE BANK LATEST FD INTEREST RATES FOR SENIOR CITIZENS

700 Days 9.00%

Also Read- Why GST Sees Highest-Ever Collection In April 2023? Experts Say This

FINCARE SMALL FINANCE BANK LATEST FD INTEREST RATES

Fincare Small Finance Bank will now provide fixed deposit interest rates between 3% to 8.4% to general citizens,a nd 3.60% to 9.01% for senior citizens. The highest interest rate of 9.01% is offered on a tenure of 1000 days. These rates are applicable from March 24, 2023.

FINCARE SMALL FINANCE BANK LATEST FD INTEREST RATES FOR GENERAL CITIZENS

1000 Days- 8.4%

Read More:– TCS Vs Infosys Vs Wipro Vs HCL Tech: A Complete Comparison of Employee Strength, Attrition

FINCARE SMALL FINANCE BANK LATEST FD INTEREST RATES FOR SENIOR CITIZENS 

1000 Days 9.01%

SBI, HDFC Bank, and ICICI Bank offer an interest rate ranging between 3.00% and 7.10% p.a on FDs maturing in 7 days to 10 years. Senior citizens are provided an additional interest rate- 3.50% and 7.60%.

Axis Bank offers FD rates of 3.50-7.20% p.a. to the general public and 3.50-7.95% p.a. to senior citizens on tenures

Also Read- Five Stocks To Turn Ex-Dividend This Week Ending on May 5. Do you Own These?

The Reserve Bank of India (RBI) has decided to halt interest rate hikes, signaling that the interest rate cycle may have reached its peak. Since May 2022, the Reserve Bank of India (RBI) has hiked the repo rate by 2.5%.

Comments

Post a Comment

Popular posts from this blog

Senior Citizen Train Ticket Discount: Government has issued a new statement regarding giving discount to senior citizens on train tickets, know the details here

Image
  Senior Citizen Train Ticket Discount: Once again a demand has been made in the Lok Sabha to give discount to senior citizens on train tickets. Senior Citizen Train Ticket Discount:  Railways has withdrawn the discount given to senior citizens on train tickets since the Corona period. However, from time to time there has been a demand to restore this concession given to senior citizens in trains. Even in the winter session of the Lok Sabha, some members raised the demand for increasing fare concessions and facilities for senior citizens traveling in trains. However, even before this, Railway Minister Ashwini Vaishnav has told in the Lok Sabha that during the train journey, every passenger is given an average subsidy of 53 percent on the train ticket. Apart from this, he also told who gets discount on tickets while traveling by train. Demand for discount in train tickets raised again During Zero Hour in the House, Janata Dal (United) MP Kaushalendra Kumar said that before the Corona ep
Read more

Cash Transaction Rules: Income tax rules on cash transaction between Husband-Wife and Son-Father, know rules

Image
  Cash Transaction Rules: Income tax keeps an eye on our every transaction. But is there any tax on cash transactions or can Income Tax send a notice? Or how much cash transaction can take place between you and your wife or between father and son? If you also have these questions in your mind, then let us know their answers… If you also transact money between father and son or between husband and wife, then this news is useful for you. Actually, every transaction of ours has an eye on income. In such a situation, a question arises in the minds of many people whether income tax notice can be received even on cash transactions? Let us know how much cash transaction you can do in your family. Income tax sends notice? According to tax experts, if you give money every month for household expenses or give money as a gift, then the wife is not liable for income tax. Both these types of amounts will be considered as the income of the husband. The wife will not receive any notice from the Incom
Read more

Have a Current/Savings Bank Account? Know the Cash Deposit Limits under Income Tax Act to avoid Penalties and Notices

Image
  Adhering to cash deposit and withdrawal limits is crucial to remain compliant with the Income Tax Act in India. This article aims to elucidate the various facets of cash-related regulations, encompassing savings and current accounts, fixed deposits, credit card bill payments, real estate transactions, and more.  Cash Deposit Limits in Savings and Current Accounts The Indian Income Tax Act imposes specific regulations on significant cash deposits in savings accounts. Individuals accumulating INR 10 lakh or more during a fiscal year must notify tax authorities.  For current accounts, this threshold is set higher at INR 50 lakh. Although not immediately taxed, financial institutions report transactions exceeding these limits.  Cash Withdrawal and TDS under Section 194N  Section 194N outlines TDS rules for cash withdrawals. A 2% TDS is levied on withdrawals exceeding INR 1 crore within a fiscal year. Non-filers face a 2% TDS on withdrawals over INR 20 lakh and a 5% TDS on amounts exceedi
Read more