High Return on FD: These 3 banks are offering up to 9.5% annual return, know full details

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New Delhi: Earlier this month, the Reserve Bank of India reduced the benchmark rate Repo Rate by 25 basis points after 5 years, after which the loan takers have got a big relief. Now they can reduce the amount of the installment coming every month or the loan period.

But on the other hand, this is also bad news for the people investing in fixed deposits. Usually after the reduction in repo rate, commercial banks reduce the interest rates on fixed deposits, due to which the annual return on the investment amount decreases. But at present, some banks are still offering an annual return of 9.5 percent to their customers.

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Unity Small Finance Bank is giving 9.5% annual return

Unity Small Finance Bank is offering attractive interest rates ranging from 4.50 percent to 9 percent to its general FD customers, while senior citizen customers are being given the highest interest rate of 9.5 percent. However, this return on FD will depend on the tenure. Let us tell you that these rates are applicable on FDs maturing in 7 days to 10 years. Let us tell you that Unity Small Finance Bank is offering the highest interest of 9.00% for FD of 501 days and 9.50% for 1001 days. The updated interest rates are applicable on February 12.

Suryoday SFB is getting 9.10 percent interest

At the same time, Suryoday Small Finance Bank is offering a return of 8.60% on FDs maturing in 5 years for its ordinary citizens, while for senior citizens, it is offering an interest rate of 9.10% on FDs of normal duration. At the same time, the bank is giving interest ranging from 4 percent to 8.60 percent on FDs maturing in a period of 7 days to 10 years, while senior citizens are getting 0.50 percent higher interest rate on the same period.

Utkarsh Small Finance Bank is giving this much percentage return

Apart from this, Utkarsh Small Finance Bank is offering the highest interest rate of 8.50% to its general customers on FDs maturing in 1500 days, while senior citizens are getting a return of 9.10 percent on FDs of similar duration. At the same time, the bank is offering 4 percent to 8.5 percent annual interest on fixed deposit schemes ranging from 7 days to 10 years for general citizens, while customers above 60 years of age are offering a return of 4.60 to 9.10 percent per annum for the same tenure.

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