Best FD Rates: In today’s time, there are many such small finance banks, which are offering up to 8.5% annual interest to regular customers and up to 9% to senior citizens. Here we have given the details of rates of 5 top small finance banks.
Best FD Rates: To control inflation, interest rates are being increased continuously by the Reserve Bank of India (RBI). Due to this, the loan of banks is continuously getting expensive. There is also a special thing here that apart from the cost of loans, banks are also increasing the interest rates on deposits. Most banks are now offering more interest on their Fixed Deposits (FD) than before. Fixed Deposit ie FD is seen as a better option for fixed income with the lowest risk. In today’s time, there are many such small finance banks, which are offering annual interest up to 8.5 percent to regular customers and up to 9 percent to senior citizens. Here we have given the details of rates of 5 top small finance banks.
Unity Small Finance Bank
Small Finance Bank Unity Small Finance Bank is giving highest interest on FDs to its customers. According to the official website of the bank, this small finance bank offers deposit schemes with different maturities ranging from 7 days to 10 years. Regular customers are getting the highest interest of 8.5 per cent per annum on deposits of 181 days and 501 days. Whereas, for the same period, senior citizens are getting 9 percent interest annually. At the same time, the annual interest on 1-year deposit is 7.35 percent and on 5-year FD is 7.65 percent. Senior citizens will get 0.50 percent more interest. These interest rates are applicable from 21 November 2022.
Suryoday Small Finance Bank
Suryoday Small Finance Bank is giving up to 8.26 percent interest on FDs to its customers. According to the official website of the bank, this small finance bank offers deposit schemes with different maturities ranging from 7 days to 10 years. Regular customers are getting the highest interest of 8.01% per annum on 999 days deposit. Whereas, for the same period, senior citizens are getting 8.26 per cent interest per annum. At the same time, the annual interest on 1-year deposit is 7.0 percent and on 5-year FD is 6.75 percent. Senior citizens will get 0.50 percent more interest. These interest rates are applicable from 2 November 2022.
ESAF Small Finance Bank
ESAF Small Finance Bank is giving up to 8.50 percent interest on FDs to its customers. According to the official website of the bank, this small finance bank offers deposit schemes with different maturities ranging from 7 days to 10 years. Regular customers are getting the highest interest of 8.01% per annum on 999 days deposit. Whereas, for the same period, senior citizens are getting 8.50 per cent interest per annum. At the same time, the annual interest on 1-year deposit is 5.50% and on 5-year FD is 5.25%. Senior citizens will get 0.50 percent more interest. These interest rates are applicable from 1 December 2022.
Ujjivan Small Finance Bank
Ujjivan Small Finance Bank is giving up to 8.20% interest on FDs to its customers. According to the official website of the bank, this small finance bank offers deposit schemes with different maturities ranging from 7 days to 10 years. Small Finance Bank is also offering Platina Fixed Deposits with certain maturities. In this, the maximum annual interest of 8.20 percent is being received on 560 days deposit. At the same time, the annual interest on 1-year deposit is 6.70 percent and on 5-year FD is 7.40 percent. These interest rates are applicable from 5 December 2022.
Fincare Small Finance Bank
Fincare Small Finance Bank is giving up to 8.50% interest on FDs to its customers. According to the official website of the bank, this small finance bank offers deposit schemes with different maturities ranging from 7 days to 84 months. Regular customers are getting the highest interest rate of 8.0% per annum on deposits of 1000 days. Whereas, for the same period, senior citizens are getting 8.50 per cent interest per annum. At the same time, the annual interest on 1-year deposit is 6.75 percent and on 5-year FD is 7.0 percent. Senior citizens will get 0.50 percent more interest. These interest rates are applicable from 9 November 2022.
(Note: The information on interest rates has been taken from the official websites of banks. These rates are applicable on deposits of less than Rs 2 crore.)
