Best FD Rates: Up to 9% interest offered by top banks.

Delhi November 28, 2024 (Punjab Khabarnama Bureau)- If you want to grow your capital without any risk, some banks are now offering interest rates up to 9% on Fixed Deposits (FD). These rates apply to FDs of less than ₹3 crore. Senior citizens also get an additional 0.50% interest. Here are the banks offering up to 9% return on 3-year FDs:

1. North East Small Finance Bank – 9% interest on 3-year FD.
2. Suryoday Small Finance Bank – 8.6% interest on 3-year FD.
3. Utkarsh Small Finance Bank – 8.5% interest on 3-year FD.
4. Jana Small Finance Bank – 8.25% interest on 3-year FD.
5. Unity Small Finance Bank – 8.15% interest on 3-year FD.
6. Equitas Small Finance Bank – 8% interest on 3-year FD.

Is it safe to invest in these small finance banks?

The question arises whether it’s safe to invest in small finance banks. In case a bank goes bankrupt, depositors are protected under Deposit Insurance and Credit Guarantee Corporation (DICGC), which provides insurance coverage up to ₹5 lakh per depositor on bank deposits (including savings accounts, FD, and RD).