Banks Offering Up to 8.15% Fixed Deposit Interest; Check Here

Some small finance banks including the Suroday Small Finance Bank, Jana Small Finance Bank and Ujjivan Small Finance Bank are offering interest rates that beat current inflation rates

The retail inflation in India has cooled off in June to 7.01 per cent on the Reserve Bank of India hiking its repo rates, but is still above the central bank’s upper tolerance limit. In a bulletin released earlier this month, the RBI said that inflation may be peaking in

prediction may be premature. In this scenario, and given that markets have been volatile for months now, investors are looking for safe ways to invest that will give them high returns. Bank FDs are a good way to save money and get interests

With the CPI being 7.01 per cent in July, traditional bank fixed deposits that provide interest rates in the 2-6 per cent brackets, may not be fruitful for investors who want inflation-beating interest rates on their deposits. However, some small finance banks including the Suroday Small

Finance Bank, Jana Small Finance Bank and Ujjivan Small Finance Bank are offering interest rates that beat current inflation rates with their FD interest Rates. These are applicable for deposits below Rs 2 crore

15 days to 45 days: For General Public - 3.25 per cent; For Senior Citizens - 3.75 per cent 46 days to 90 days: For General Public - 4.25 per cent; For Senior Citizens - 4.75 per cent

 For General Public - 5.75 per cent; For Senior Citizens - 6.25 per cent 1 Year to 1 Year 6 Months: For General Public - 6.50 per cent; For Senior Citizens - 7.00 per cent

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