Fixed Deposit : Investing in Fixed Deposit is not considered risky. Also it has nothing to do with the market condition. It is one of the safest ways to invest your money.
FD rates are much better now than they were two years back, so you can invest. At the same time, you can also think of carrying forward your FD investment.
There are several banks that have revised fixed deposit interest rates in August and are offering interest rates up to 8.6% for regular citizens.
Suryoday Small Finance Bank
The bank is giving interest at the rate of 4.00 percent to 8.60 percent to the general public. The highest interest rate is given for a period of 2 years to above 3 years. Senior citizens will get 50 basis points additional interest on FDs of various tenures as compared to the general public. The new rates are applicable from 7 August 2023.
Jana Small Finance Bank
Jana SFB offers interest rate between 3% to 8.50% for general citizens for tenures between 7 days to 10 years. The new rates are effective from August 15, 2023. Highest rate is offered on tenure of 2 years – 3 years (1095 days).
