New Delhi: The RBI MPC’s decision to keep the repo rate unchanged at 6.5 per cent has led to a surge in FD interest rates. RBI governor Shaktikanta Das also urged banks to use innovative products aimed at retail investors to raise funds. Finance minister Nirmala Sitharaman reiterated this stance. As a result, several lenders have hiked their FD rates to nearly 9 per cent. Senior citizens earn up to 9.50 per cent returns on the same FD tenure.
Northeast Small Finance Bank FD rates
Northeast Small Finance Bank is offering up to 9 per cent interest on a tenure of 546 days to 1,111 days. Non-callable FDs for the same tenure will earn 9.25 per cent interest in general deposits and 9.75 per cent FD returns for senior citizens’ deposits. NorthEast SFB offers 8.75 per cent returns on callable FDs of 366-545 days’ tenure and 9.25 per cent returns to senior citizens for the same tenure.
Tenure
Interest Rates (% p.a.)
Regular Citizens
Senior Citizens
7-14 days
3.25
3.75
15-29 days
3.75
4.25
30-45 days
4.25
4.75
46-90 days
4.75
5.25
91-180 days
6.25
6.75
181-365 days
7.00
7.50
366 days-545 days
8.75
9.25
546 days – 1111 days
9.00
9.50
1112 days – 1825 days
8.00
8.50
1826 days -3650 days
6.25
6.75
Unity Small Finance Bank FD rates
Unity Small Finance Bank is offering 9 per cent FD returns on a deposit of 1,001 days. Senior citizens can earn 9 per cent interest in an FD tenure of 6 months-201 days. General citizens can earn up to 8.50 per cent on this FD tenure. Unity SFB is offering 8.75 per cent returns on general FDs of 501 days tenure and 9.25 per cent returns on senior citizen FDs for this tenure. A similar return is offered on 701-day FD tenures.
Tenure
General FD Rates (% p.a.)
Senior Citizen FD Rates (% p.a.)
7 – 14 Days
4.50%
4.75%
15 – 45 Days
4.75%
4.75%
46 – 60 Days
5.75%
6.25%
61 – 90 Days
6.00%
6.50%
91 – 164 Days
6.25%
6.75%
165 Days – 6 Months
6.25%
6.75%
> 6 Months – 201 Days
8.50%
9.00%
202 – 364 Days
7.25%
7.75%
1 Year
7.85%
8.35%
1 Year 1 day
7.85%
8.35%
> 1Year 1 day – 500 days
7.85%
8.35%
501 Days
8.75%
9.25%
502 Days – 18 Months
7.85%
8.35%
> 18 Months – 700 Days
7.90%
8.40%
701 Days
8.75%
9.25%
702 Days – 1000 Days
7.90%
8.40%
1001 Days
9.00%
9.50%
1002 Days – 3 Year
8.15%
8.65%
> 3 Year – 5 Year
8.15%
8.65%
> 5 Year – 10 Year
7.50%
8.00%
How to earn high FD returns: Unity Small Finance Bank and North East Small Finance Bank are offering up to 9% FD returns on specific tenures. Read on to know more. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
