Higher interest rates than Sukanya Samriddhi Yojana? These six banks offer best interest rates. What should you do?

Let's look astatine higher involvement rates offered by six tiny concern banks.

Utkarsh Small Finance Bank latest FD rates

For deposits maturing betwixt 700 days to little than 2 years, the slope provides an involvement complaint of 8.25%. For tenures ranging from 2 years up to 3 years, the involvement complaint offered is 8.50%. Additionally, for deposits supra 3 years to little than 4 years, the slope offers an involvement complaint of 8.25%. Notably, Utkarsh Small Finance Bank stands retired with an charismatic involvement complaint of 8.50% for FDs maturing betwixt 2 and 3 years.

700 Days to little than 2 Years 8.25%

2 Years up to 3 Years 8.50%

Above 3 Years to little than 4 Years 8.25%

Ujjivan Small Finance Bank latest FD rates

Ujjivan Small Finance Bank offers competitory involvement rates connected FDs with varying tenures. For deposits maturing successful 15 months, the slope provides an involvement complaint of 8.50%. Additionally, for deposits with tenures ranging from 2 months to little than 15 months and 15 months from 1 time to 560 days, the involvement rates offered are 8.25%.

2 months to <15 months 8.25%

15 months 8.50%

15 Months 1 Day to 560 Days 8.25%

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Jana Small Finance Bank latest FD rates

Jana Small Finance Bank offers charismatic involvement rates connected Fixed Deposits (FDs) for antithetic tenures. For deposits maturing successful 365 days, the slope provides an involvement complaint of 8.5%.

365 days- 8.5%

> 1 Year - 2 Year(730 Days) 8.25%

Equitas Small Finance Bank latest FD rates

Equitas Small Finance Bank provides an involvement complaint of 8.5% for deposits maturing successful 444 days.

444 days- 8.5%

888 days 8.25%

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Unity Small Finance Bank latest FD rates

Unity Small Finance Bank offers charismatic involvement rates connected Fixed Deposits (FDs) crossed antithetic tenures. For deposits maturing successful much than six months up to 201 days and 501 days, the slope provides an involvement complaint of 8.75%. Additionally, for deposits maturing successful 701 days, the involvement complaint offered is 8.95%. Unity Small Finance Bank besides offers a high-interest complaint of 9% for FDs maturing successful 1001 days.

> 6 Months - 201 Days 8.75%

501 Days- 8.75%

701 Days 8.95%

1001 days- 9%

2 February

Suryoday Small Finance Bank latest FD rates

Suryoday Small Finance Bank provides competitory involvement rates connected Fixed Deposits (FDs) for assorted tenures. The slope offers an involvement complaint of 8.65% for deposits maturing successful implicit 2 years and 2 days. Additionally, for deposits maturing supra 2 years up to 2 years and 1 day, the involvement complaint offered is 8.60%.

Above 1 Year up to 15 months 8.25%

Above 15 months to 2 years 8.50%

Above 2 Years to 2 years 1 Day 8.60%

Years & 2 Days 8.65%

Two years 3 Days up to 3 Years 8.60%

5 Years 8.25%

Sukanya Samriddhi Account latest involvement rates

The Sukanya Samriddhi Account offers an yearly involvement complaint of 8.2% . This account, introduced arsenic portion of the Beti Bachao Beti Padhao initiative, provides taxation benefits nether Section 80C of the Income Tax Act. The authorities revises involvement rates connected tiny savings schemes each quarter. For the archetypal 4th of the fiscal twelvemonth FY25, April-June 2024, the authorities has maintained the involvement rates of station bureau schemes unchanged.

If you're considering concern options for your child's future, it's important to comparison the benefits and features of each. 

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Published: 30 Apr 2024, 12:59 PM IST