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FD investment tips: Due to the ever-increasing inflation, people often think of investing. Whenever there is talk of safe investment, the first option that comes to people's minds is an FD investment. If you are planning to invest in an FD, then today we are going to tell you about a bank that is offering you an interest rate of up to 9 percent on an FD. Due to this, investors are getting a lot of benefits. Know complete information about this FD scheme in the news.

RBI reduced interest rates-

The Reserve Bank of India had cut the repo rate twice in a row in April after February. On both these occasions, RBI had cut the repo rate by 0.25 percent. After this, the repo rate was reduced from 6.50 percent to 6.00 percent within 2 months.

Repo rate cut by up to 0.50 percent-

After RBI reduced the repo rate (Latest update on Repo Rate), many banks also reduced the interest rates of FD. However, one bank has announced an increase in the interest rates of FD despite the reduction of 0.50 percent in the repo rate. Suryodaya Small Finance Bank has increased the interest rates of FD (Fixed Deposit) by 41 basis points.

This much interest will be available on FD-

Suryodaya Small Finance Bank (Suryodaya Small Finance Bank FD Scheme) has increased the interest rates by up to 41 basis points for FDs of certain periods. According to the press release of the bank, after this change, general customers are now going to be given interest ranging from 4 percent to 8.60 percent on FD (Suryodaya Small Finance Bank FD Interest rate).

Senior citizens will be offered this much interest-

Senior citizens are being given interest rates ranging from 4.5 percent to 9.10 percent on FD. Suryodaya Small Finance Bank is now going to offer interest rates of 8.60 percent to general citizens and up to 9.10 percent to senior citizens on a 5-year FD (FD interest rate for senior citizen).

These banks have also reduced interest rates-

Along with major banks like State Bank of India (SBI FD rate), HDFC Bank, ICICI Bank, small banks like Shivalik Small Finance Bank and Utkarsh Small Finance Bank (latest banking update) have also reduced FD interest rates after RBI reduced the repo rate, although Suryodaya Small Finance Bank is the only bank that has increased its FD interest rate (FD Interest rate hike).

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