FD interest rate: Both small finance banks are offering 6.25 per cent fixed deposit rates on one year bank FDs
Listen to this article
Fixed deposit (FD) interest rates have been nosediving since outbreak of the Covid-19 pandemic. This slide in fixed deposit rates have caused problems for those who look at FD as small-term investment option. However, there are still some small financial banks that offers better return on one year bank fixed deposits. Jana Small Finance Bank and Utkarsh Small Finance Bank still offering 6.25 per cent fixed deposit interest rate on one year FD for normal depositors while they are offering 6.75 per cent return on one year FD for senior citizens. So, these two banks are still offering up to 6.75 per cent return on one year bank FD.