FD Interest Rates: Currently, many Small Finance Banks (SFBs) are offering interest rates up to 9 percent. In such a situation, let us tell you that strong interest is being given on FD in these banks. Unity Small Finance Bank and NorthEast Small Finance Bank are offering the highest interest rates among small finance banks.
FD Interest Rates: RBI had cut the repo rate in February 2025. After this, many investors are now looking for the best interest rate option for fixed deposits (FD). Currently, many Small Finance Banks (SFBs) are offering interest rates up to 9 percent. In such a situation, let us tell you that strong interest is being given on FD in these banks. Unity Small Finance Bank and NorthEast Small Finance Bank are offering the highest interest rates among small finance banks.
Unity Small Finance Bank is offering an interest rate of 9 percent per annum for 1001 days. Apart from this, an interest rate of 7.85 percent is being given on 1 year FD. NorthEast Small Finance Bank is offering 9 percent interest rate on FDs ranging from 18 months 1 day to 36 months. At the same time, the interest rate on 1 year FD is 7 percent. Suryoday Small Finance Bank is offering 8.6 percent interest rate for 5 years and 8.25 percent interest rate is available on 1 year FD.
Utkarsh Small Finance Bank
Utkarsh Small Finance Bank is offering 8.5 percent interest rate on FDs of 2 to 3 years (1500 days) and 8 percent interest rate on 1 year FD. ESAF Small Finance Bank is offering 8.38 percent interest rate on 888 days FD while 6 percent interest rate is available on 1 year FD. Equitas Small Finance Bank is offering 8.25 percent interest rate on 888 days FD, and 8.1 percent interest rate on 1 year FD.
Jana Small Finance Bank
Jana Small Finance Bank is offering 8.25 percent interest rate on FDs ranging from 1 to 3 years, which is also its 1 year FD interest rate. Ujjivan Small Finance Bank is offering 8.25 percent interest rate for 18 months, and 8.1 percent interest rate is available on 1 year FD. AU Small Finance Bank is offering 8.1 percent interest rate for 18 months, while 7.25 percent interest rate is available on 1 year FD.
What is Small Finance Bank (SFB)?
Small Finance Bank (SFB) is a banking sector. It has been started by the Reserve Bank of India (RBI) to promote financial inclusion. The purpose of these banks is to provide banking services to those people. They are deprived of normal banking facilities. The main target of SFBs are small and marginal farmers, small industries, small businesses and people working in the unorganized sector.
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