A lot of folks still like to put their money into fixed deposits (FD). It’s a solid choice for those who want to avoid the ups and downs of the stock market and prefer steady, low returns. Many banks are currently offering attractive interest rates on FDs. Senior citizens usually get a slightly better rate compared to regular investors. Some smaller banks are even providing returns of up to 9 percent on FDs.

 

NorthEast Small Finance Bank

This bank is giving a 9 percent interest rate for investments ranging from 546 days (about 18 months) to 1111 days (3 years). If you invest 1 lakh rupees here, it will grow to Rs 119,483 in two years. If you choose to invest for 3 years, you’ll end up with Rs 130,605 at maturity, which means a profit of Rs 30,605.

 

Unity Small Finance Bank

This bank also offers a 9 percent annual interest rate for investors. This rate applies to investments for 1001 days (2 years and 9 months). If you put 1 lakh into an FD here for that duration, you’ll receive Rs 130,605 when it matures, giving you a return of Rs 30,605 on your initial investment.

 

Suryoday Small Finance Bank

This bank provides an annual interest rate of 8.6 percent, but it’s only available for FDs that last between 2 to 3 years. If you invest 1 lakh for two years, you’ll get Rs 118,551 back after that period, which means a profit of Rs 18,551. If you go for a 3-year FD, you’ll receive Rs 129,080 at maturity, resulting in a profit of Rs 29,080.

Utkarsh Small Finance Bank

This bank provides attractive interest rates for investors. It offers an impressive 8.50 percent interest on fixed deposits (FDs) with a duration of 2 to 3 years. If you invest Rs 1 lakh in a two-year FD, you will receive Rs 118,320 at the end of the term, resulting in a profit of Rs 18,320. For a three-year FD, the maturity amount will be Rs 128,702, giving you a profit of Rs 28,702.

 

Equitas Small Finance Bank

This bank also presents competitive interest rates exceeding 8% for fixed deposits. Specifically, it offers an interest rate of 8.25% on special FDs lasting 888 days. If you invest Rs 1 lakh in this bank, you will receive Rs 117,742 upon maturity, which means a profit of Rs 17,742 for the 888-day FD.

 

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