Bank FD: There are many banks in our country that offer you many types of schemes. Similarly, there are many small finance banks in our country like State Bank of India (SBI), HDFC Bank, ICICI Bank, which are giving good returns on deposits to customers.
These small finance banks are also giving bumper interest on fixed deposits along with savings accounts. In this list, Jana Small Finance Bank is giving 9 percent interest to its customers on fixed deposits.
Let us tell you, recently Jana Small Finance Bank has changed the interest rate on fixed deposits. The new interest rate has been implemented by the bank from January 2, 2024. After the change in the interest rate by the bank, a maximum of 9% interest is being given to senior citizens and a maximum of 8.50% to ordinary citizens on 1 year fixed deposit.
Rates of interest for general customers
Jana Small Finance Bank is offering 3 per cent interest on FDs maturing in 7 to 14 days and 4.25 per cent on FDs maturing in 15 to 60 days. For FDs between 61-90 days, the interest rate is 5 per cent and for FDs between 90-180 days, the interest rate is 6.50 per cent. While FDs maturing in 181 to 364 days are being given 8 per cent interest and FDs maturing in 365 days are being given 8.50 per cent interest.
Is it safe to keep money in small finance bank?
If you have an account in any bank, then you should know that if your bank defaults or sinks, you get an insurance cover of up to Rs 5 lakh on the amount deposited in the bank. This is provided by the Deposit Insurance and Credit Guarantee Corporation (DICGC). DICGC is a wholly-owned subsidiary of the Reserve Bank of India. DICGC insures banks in the country. Most of the banks in the country are registered with DICGC.