3 Private Sector Banks Revises Interest Rates On Fixed Deposit In September 2021

Among safe debt instruments, the fixed deposit scheme has always been a safe option for long-term and short-term investors seeking guaranteed returns and regular income. Fixed Deposits are available to book from almost all public sector, private, and small finance banks, as well as the post office. However, interest rates vary depending on the kind of lender, with the private sector and small finance banks now offering the highest rates on fixed deposits. As an outcome of this, interest rates on fixed deposit schemes at three private sector banks have recently been changed which are briefly discussed below.