WebApr 14, 2024 · Below-mentioned are the features of a savings account in India: Interest rates ranging from 2.75% to 8% (may change from time to time) ... Interest Rate: AU Small Finance Bank: Up to 7.25%: Jana Small Finance Bank: Up to 7.50%: Suryodaya Small Finance Bank: Up to 7.00%: ESAF Small Finance Bank: WebMar 22, 2024 · The Reserve Bank of India (RBI) has sought a further reduction in interest rates on small saving instruments (SSIs) for the first quarter of fiscal 2024-23 at a time when some banks have jacked up deposit rates. “The existing rates of interest on SSIs need to be reduced in the range of 9-118 bps for Q1 of 2024-23 to align them with the ...
Interest Rates - Ministry of Finance Government of India
WebMar 31, 2024 · Interest rates for small savings schemes are notified on a quarterly basis. The Reserve Bank since May has raised the benchmark lending rate by 2.5 per cent to 6.5 per cent, prompting banks to raise interest rates on deposits as well. The RBI raised the repo rate or short-term lending rate by 25 basis points last month. WebApr 6, 2024 · -Unity Small Finance Bank: This bank, which claims to follow a digital-first approach, offers senior citizens fixed-term deposits with interest rates ranging from 4.50 per cent to 9.50 per cent. The bank is offering the highest interest rate of 9.50 per cent on a tenure of 1,001 days. the property guys guelph
Small savings schemes
WebApr 7, 2024 · India has a record high number of billionaires, but their combined net worth is $75 billion less than a year ago–largely due to one billionaire’s change of fortune. ... Small Savings Schemes ... Web1 day ago · On the FD tenure of 1 year, you can receive up to 6.8% interest, whereas if you deposit money for a term of 5 years at a post office, you can earn up to 7.5% interest. The Post Office is offering ... WebApr 14, 2024 · Below-mentioned are the features of a savings account in India: Interest rates ranging from 2.75% to 8% (may change from time to time) ... Interest Rate: AU Small … sign black in asl