Fixed Deposit Investors Can Now Get Upto 7 Percent Interest, Here's How

Before Holi, many banks including SBI, ICICI Bank, HDFC bank have increased the interest rates. Banks are giving the benefit of 7% interest on only 3-year FDs.

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New Delhi: If you plan to open a fixed deposit in the bank, then there is good news for you. Due to Russia and Ukraine conflict, there is a continuous decline in the stock market. Hence, a fixed deposit is the best option to invest in. With FDs, there is the benefit of a fixed interest & money guarantee. 

7% interest benefit:
Before Holi, many banks including SBI, ICICI Bank, HDFC bank have increased the interest rates. Banks are giving the benefit of 7% interest on only 3-year FDs.

The new rates came into effect on March 10.
Sunrise Small Finance Bank has also changed the interest rates of fixed deposits. The bank is currently giving customers the benefit of 7% interest on a 3-year FD. The bank's new rates came into effect on March 10. Apart from this, senior citizens get an extra benefit of 0.50 per cent interest. That is, senior citizens are getting the benefit of interest at the rate of 7.50 per cent.

How much interest are you getting?
Sunrise Small Finance Bank is giving the option of FDs from 7 days to 10 years to the customers. The bank is currently offering interest ranging from 3.25 per cent to 7 per cent to customers. 

Check how much interest you are getting

• 7 to 45 days - 3.25%
• 46 to 90 days - 4.25%
• 91 days to 6 months - 4.75%
• 6 months to 9 months - 5.25%
• FDs of 9 months to less than one year - 5.75%
• 1 year to 1.5 years - 6.50%
• 1 year 6 months to 2 years - 6.50%
• On FDs of 2 years to less than 3 years - 6.25%
• 3-year FD - 7%
• 3 to 5 year FD - 6.50%
• 5 years - 6.75%
• 5 years to 10 years - 6%