Many small finance banks have left behind public and private banks in terms of interest on FDs. Small finance banks are offering interest of up to 9.5% on their fixed deposits.
Government and private banks are continuously increasing the interest rates of Fixed Deposits (FD). Fixed Deposit (FD) schemes have become very attractive in the era of rising interest rates.
Many small finance banks have left behind public and private banks in terms of interest on FDs. Small finance banks are offering interest of up to 9.5% on their fixed deposits. Like other banks, the Reserve Bank of India (RBI) regulates and governs small finance banks.
Unity Small Finance Bank giving interest up to 9.50%
Unity Small Finance Bank is offering interest ranging from 4.50 to 9% to general customers on fixed deposits ranging from 7 days to 10 years. At the same time, the bank is giving interest ranging from 4.50 to 9.50% to senior citizens on fixed deposits ranging from 7 days to 10 years. Unity Small Finance Bank is offering 9% interest to general public and up to 9.50% interest to senior citizens on 1001 days fixed deposits.
ESAF Small Finance Bank giving interest up to 9%
ESAF Small Finance Bank is offering interest ranging from 4% to 8.50% on fixed deposits ranging from 7 days to 10 years to general customers. At the same time, the bank is giving 9% interest to senior citizens on fixed deposits ranging from 7 days to 10 years. The bank is offering an interest rate of 8.50% to general customers and 9% to senior citizens on its 999-day fixed deposit scheme. The new interest rates of the bank are effective from 4 April 2023.
Suryoday Small Finance Bank is giving interest of 8.76%
Su.Ryodaya Small Finance Bank is offering 4% to 8.51% interest to general customers on fixed deposits ranging from 7 days to 10 years. At the same time, the bank is giving 4.5% to 8.76% interest to senior citizens on fixed deposits of the same duration. The bank is giving 8.51% interest to the common people on its 999-day fixed deposit scheme. At the same time, senior citizens are being given an interest rate of 8.76% on FDs of 999 days.
Jana Small Finance Bank is giving interest up to 8.85%
Jana Small Finance Bank is offering interest ranging from 3.75% to 8.15% to general customers on fixed deposits ranging from 7 days to 10 years. At the same time, the bank is giving interest ranging from 4.45% to 8.80% to senior citizens. Jana Small Finance Bank is paying interest up to 8.15% to general customers and 8.85% to senior citizens on 500-day fixed deposits. The new interest rates of the bank are effective from 10 April 2023.
Fincare Small Finance Bank is paying interest up to 8.71%
Fincare Small Finance Bank is offering interest rates ranging from 3% to 8.11% to general customers on fixed deposits ranging from 7 days to 10 years. At the same time, the bank is giving 8.71% interest to senior citizens. The bank is paying 8.11% interest to general customers and 8.71% to senior citizens on its 750-day FD scheme.
