Interest on Fixed Deposit 10.25%. This is the highest interest rate right now. Account starts with only 5000

Shriram Finance Fixed Deposit all information 2022: In view of the rising inflation everywhere, people have started worrying more about their money. The money kept in the bank pays so little interest that people are now looking for other options to keep the money. In this, many people keep mutual funds and other places related to the stock market.

The safest is still fixed deposit.

Fixed deposits are still considered the safest as compared to any other investment. People keep getting a fixed interest rate on fixed deposits and it does not make much difference to the market fluctuations. Most of the banks are currently offering higher interest rates on fixed deposits due to the increased repo rate by the Reserve Bank of India.

Table of fixed deposit rates of Indian banks.

Top 10 Bank FD Rates

Name of Bank For General Citizens (pa) For Senior Citizens (pa)
State Bank of India FD 2.90% to 5.65% 3.40% to 6.45%
HDFC Bank FD 2.75% to 6.10% 3.25% to 6.60%
IDBI Bank FD 2.70% to 5.75% 3.20% to 6.50%
Kotak Mahindra Bank FD 2.50% to 6.10% 3.00% to 6.60%
RBL Bank FD 3.25% to 7.00% 3.75% to 7.50%
Punjab National Bank FD 3.00% to 6.10% 3.50% to 6.60%
Canara Bank FD 2.90% to 6.00% 2.90% to 6.50%
Axis Bank FD 2.75% to 5.75% 2.75% to 6.50%
Bank of Baroda FD 3.00% to 5.50% 3.50% to 6.50%
IDFC First Bank FD 3.50% to 6.90% 4.00% to 7.40%

Interest rates on fixed deposits offered by leading small finance banks.

Name of Bank For General Citizens (pa) For Senior Citizens (pa)
Jana Small Finance Bank FD 2.50% to 7.35% 3.30% to 8.15%
Utkarsh Small Finance Bank FD 4.00% to 7.50% 4.75% to 8.25%
Equitas Small Finance Bank FD 3.50% to 7.00% 4.00% to 7.50%

Interest rate up to 9.3% on Fixed Deposit

One of the private finance company working like banks is the finance company Shriram Transport Finance Company which offers Shriram Unnati Fixed Deposit to Indian customers under which the maximum interest rate of 8.75% is available.

You can take money like this.

You can withdraw your money every month or 3 months, 6 months, throughout the year as well as you can withdraw your money from your fixed deposit even after maturity.

At least that much money will have to be invested.

You can start your investment in this company with just ₹ 5000.

The interest rate will reach 10%.

If you are a Senior Citizen and at the same time you can transfer your Fixed Deposit in AutoRenew and Cumulative Mode (every month the interest money is also added to the principal) then your interest rate will reach 10.15.

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