Bank FD Rates: This bank is giving strong interest on FD, will get 8.85 percent return

People often start investing with Fixed deposits (FD). Gradually, the desire to get FDs among the youth in the country was decreasing, but in recent times, many banks have increased their interest rates on FDs.

One such bank, Utkarsh Small Finance Bank, has revised its interest rates on fixed deposits (FDs) of less than Rs 2 crore. After the revision, the bank is offering interest rates increased from 4 percent to 7 percent for the general public and from 4.60 percent to 7.60 percent for senior citizens.

Utkarsh Small Finance Bank has announced a maximum return of 8.25 percent to the general public on deposits of 1000 to 1500 days, while senior individuals will get a maximum return of 8.85 percent.

According to the official website of Utkarsh Small Finance Bank, the revised FD rates are applicable from May 22, 2023.

After the revision, Utkarsh Small Finance Bank is now offering an interest rate of 4.00 percent on FDs maturing in the next 7 days to 45 days, 4.75 percent interest rate on FDs maturing in 46 to 90 days, 91 days to 180 days 5.50 percent on FDs with a tenure of 5.50 percent and 6.50 percent on FDs with a tenure of 181 days to 364 days.

Whereas the bank now offers 7.75 percent on FDs maturing between 365 and 699 days, 8 percent on deposits maturing between 700 and 999 days, 8.25 percent on fixed deposits maturing in 1000 days to 1500 days, from 1501 days Utkarsh Small Finance Bank is now offering an interest rate of 7.50 percent on deposits up to 5 years and 7.50 percent on deposits of more than five years and up to ten years.