FD Rates: These 3 banks are giving as much interest as FD on savings account..
When an investor looks for investment options in search of safe returns, then bank FD comes before him as an option. Its special thing is that the investment made in FD cannot be withdrawn before maturity. If someone does this then he has to pay a penalty. For this, people then start considering other options. You will be surprised to know that there are some banks in India that are giving interest equal to the return on FD on the money kept in the savings account. In today's story, we are going to talk about those banks.
These three banks are giving equal returns on FD
DCB Bank: This bank offers interest rates of up to eight percent on savings accounts, making it the top choice among private banks in terms of interest rates. You can avail of this offer from the bank with an investment of Rs 2,500 to 5,000.
Ujjivan Small Finance Bank: This bank offers excellent interest rates for savings accounts, which reach up to 7.50 percent. This positions them as the best option among small finance banks in terms of interest rates. You can invest in this at your convenience. For specific information, you can visit the bank.
Federal Bank: This bank is offering interest rates up to 7.15 percent on savings accounts. Whereas Ujjivan SFB offers slightly higher interest rates. For this, if you maintain a minimum balance of Rs 5,000, it gives you a chance to earn annual returns of more than 7 percent.
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