You can now get up to 9% interest on fixed deposits: Here’s all you need to know

Suryoday small finance bank limited offering 9%, never even heard of it lol

where is 9%

@desidude2013 IDFC, which was offering perhaps the highest FD rates — 8.25% for 366 days, reduced the rate to 7.5% after demonetization. Most banks made similar reductions by late November or early December. So the info about banks not changing the deposit rates after demonetization is absolutely wrong.

@A2Zdeals @Alpha.Barood @disclaimer Please share your observations/experiences about the same.

Interest rates have been reduced sharply {1%+}
due to excess prepayment and low offtake.

Hence, rates are bound to nosedive.
IDFC still send the email for rates approx. 7.75%, but I am not sure.

Better suggest for anything in the range of 7.25% +, of you need 100% safety.

DICGC cover is available upto 1 lac per customer , depending upon
1- whether bank is eligible to be member with DICGC
2- Whether bank is opting to take cover and paid premium regularly to DICGC.

Related

refer – FDIC
US FDIC has thousands of banks as cover available and people Dont like the banks which are not got covered by FDIC.
u can chk the list of FDIC and serial no, by putting US bank name.

The Malviya Urban Co-operative Bank Ltd., Jaipur is registered under the Rajasthan Co-operative Societies Act 1965 dated 28.08.1999 vide registration number 269/LC having its registered office at Jaipur. The date of commencement of business was 24.01.2000, as the license to carry on banking business had been issued by R.B.I. vide No. UBD. Rajasthan 0003 (P) dated 29.10.1999.
Since commencement of its business from January 2000 the bank is running as a profitable entity. The bank’s business has expanded over the years and now has 6 branches at various locations in the city as under:
Manokamna A-48, Sudarshanpura Enclave, Golimar Garden, Sahakar Marg, Jaipur.
Vasundhara, Tonk Road, Jaipur.
61/224 Rajatpath, Mansarovar, Jaipur.
Shop No.72 Bardiya Market, Johari Bazar, Jaipur.
Plot No. 1 Vijay baripath No.7, Murlipura, Sikar Road, Jaipur.
86/174 A- Kumbha Marg, Pratap Nagar, Jaipur.
Manokamna A-48, Basement, Sudarshanpura Enclave, Golimar Garden, Sahakar Marg,
Jaipur.

@gotrajk
please avoid such banks, i known the promoters since inception

http://www.svcbank.com/InteresrRate_Deposi...px

VC Co-operative Bank Limited was founded when co-operation was just beginning to gain ground in the country. It was set up with the primary objective of assisting the less fortunate members of the community in its economic enterprises, to encourage savings and to create funds for providing financial aid to deserving members.

Rao Bahadur Shripad Subbarao Talmaki, the Maharshi of Co-operation, was the main architect of the Bank. The Bank was originally registered as a Co-operative Credit Society on 27th December 1906.

Thus inspired by lofty ideals for the betterment of the economic, moral and material well-being of the Community, the Bank was brought into existence with modest beginnings.

Fixed Deposits, Savings Bank Deposits and Cumulative Deposits Scheme introduced in 1907.
First Co-operative Stores in 1910.
Facilities for remittance by Draft made available to Members in 1911.
Education Fund in 1911.
Cash Credit Loan Scheme in 1913.
First Co-operative Housing Society in Bombay in 1915.
Fidelity Guarantee Fund in 1927.
Distress Relief Fund in 1931.
Staff Gratuity Fund in 1954.
Facilities thrown open to all communities in 1956.
Introduction of Safe Deposit Vaults in 1964.
Industrial Financing in 1966.
Introduction of Cash Certificates in 1975
“Scheduled Bank Status” conferred on the Bank in 1988
Deposits cross 13000 crores in FY 2016
Setting up of Corporate Office – SVC Tower at Vakola in 2002
Implementation of Genius I Core Banking Solution in 2003 across all the branches
SVC Bank is offered AD-I License in 2007
SVC Bank is permitted to sell Core Banking software services to smaller co-operative Banks
1st Software sale successful in 2006
SVC Bank crosses Software sales services to 25 Banks in 2010
SVC Bank opened 193rd Branch at Khamgaon

459 MH174 43508 SVC COOPERATIVE BANK LTD. SVC TOWER,
NEHRU ROAD, VAKOLA SANTACRUZ (EAST), MUMBAI 400055