Utkarsh Small Finance Bank has revised the interest rate on fixed deposits (FDs). The revised fixed deposit interest rate will be effective from May 1, 2024. The updated rates apply to both new fixed deposits and renewals.
Fixed Deposits are the term deposit accounts that let investors earn interest by depositing an amount for a certain period of time. The investment instrument is the best fit for risk-averse investors that lets them earn interest on the deposited amount over a period of time. Watch Business Today s Visual Story to know about fixed deposit schemes that are offering over 9% interest rate