FDS is a traditional way of investing, and most individuals choose this way to have regular income for their living. In addition, the main value remains safe in FD. However, do you know that some smaller financial banks provide a better interest rate on the PSU Banks ‘accounts, we compare the PSU Banks’ rates and knows who gives the higher interests of citizens.
Little Financial Views (SFBs) Interest Rates on SFBS Account
Bank of DCB
Small bank bank financial DCB gives a 7.75 percent of interest rate of balances from Rs 10 lakh to Rs 1 crore.
Suryoday Small Financial Bank
Surryoday Small Financial Bank offers general citizens a 7.50 percent of interest rates of balances above Rs 10 lakh to Rs 2 crore.
Utkarsh small financial bank
This small financial bank gives general citizens a 7.50 percent of interest rates on the rise of above Rs 5 crore.
Ujjivan Small Financial Bank
This small financial bank offers 7.50 percent of interest rate to general citizens above Rs 25 lakh.
PSU Banks FD rates
Indian state bank (SBI)
PSU Bank SBI provides a 17.25 percent, 6.30 percent, and 6.05 percent of interest in the 1-year and 5-year FDs of total citizens.
Canara Bank
Canara Bank offers a 6.50 percent of interest in the interests of general citizens of all 1-year, 3-year, and 5 years tenure fds.
Bank of Baroda (Bob)
Bank of Baroda offers a 6.50 percent of interest rate in the 1-year FD each, while the PSU bank offers the 5-year FD.
Punjab National Bank (PNB)
The PSU bank offers a 6.40 percent of interest in the 1-year and 3-year FD each, while the PSU bank offers the 5-year FD.
Finally
From the examples above, we clearly understand that PSU banks give the lowest interest in FDS than the smaller storage banks.
