Fixed Deposits (FDs) are a popular investment option in India, offering a stable and predictable return on investment. Despite market fluctuations, FDs remain a top choice for investors seeking safety and reliability. Small Finance Banks are currently offering high interest rates on FDs, making them an attractive option. For example, North East Small Finance Bank offers 9% interest rate on FDs, while Suryoday Small Finance Bank offers 8.6%. Utkarsh Small Finance Bank and Jana Small Finance Bank offer 8.5% and 8.25% interest rates respectively. The State Bank of India (SBI), India’s largest government bank, offers interest rates ranging from 5.30% to 6.20% for general citizens and senior citizens. Fixed Deposits require a lump sum investment and offer stable returns. The interest rate may vary across different financial institutions, and the maximum investment period can extend up to 10 years. With interest rates rising, FDs have become a reliable option for investors seeking safe and secure returns, whether for short-term or long-term financial goals.

Source: https://www.timesbull.com/business/fixed-deposit-alert-unbelievable-returns-with-interest-rates-over-8-find-out-how-383123.html