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After the Reserve Bank of India (RBI) decreased the repo rate by 25 basis points on April 9, 2025, other major banks like SBI, HDFC, ICICI and Yes Bank followed suit, decreasing the Fixed Deposit (FD) interest rates as well. This has affected the common investors tremendously especially the elder FD investors seeking for stable returns. Although most of the FD providers have decreased the interest rates, a few small finance banks still provide FDs at lucrative rates giving the senior citizens an opportunity to earn higher returns.
Excellent Opportunities with Changed FD Rates
Bank Name Interest Rate (%) Deposit Period
Unity Small Finance Bank 9.10% 1001 days
Suryoday Small Finance Bank 9.10% 5 years
Jana Small Finance Bank 8.75% 2 to 3 years
Equitas Small Finance Bank 8.55% 888 days
AU Small Finance Bank 8.25% 18 months
Great Opportunity for Senior Citizens
These small finance banks present a notable alternative for conventional investors especially for senior citizens looking for low-risk investment opportunities. These FDs serve greater appeal provided older citizens looking for stable returns on investment, especially when larger finance institutions are opting to lower their interest.
Important Considerations Before Investing:
Ensure that the bank is an RBI
Ensure that the bank has Deposit
Insurance and Credit Guarantee Corporation (DICGC) that protects accounts worth up to Rs. 5 lakh.
Please note that particular interest rates may only be available for a certain time period.
Review the policies and what is included comprehensively before making any investment decisions.
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