FD Interest Rates: Some small finance banks are offering interest rates up to 7.5% on fixed deposits (FD) from customers. During the corona virus epidemic, these banks have also reduced interest rates on deposits like major banks. Earlier these banks used to offer up to 9 percent interest rate on deposits. However, the interest rates offered by small finance banks on deposits are quite attractive compared to the major banks. Let us know in detail.
Jana Small Finance Bank
This small finance bank is offering interest rates up to 7.25 percent from general customers and 7.75 percent from senior citizens on fixed deposits. According to the bank’s website, 6 percent on FDs ranging from 181 to 364 days, 6.75 percent on FDs of one year, 7 percent for periods of more than one year and less than two years, over two years and three years. Interest rates of 7 percent are offered for short term FDs, 7.25 percent for FDs of more than three years and less than five years and seven percent for FDs of five years duration.
Utkarsh Small Finance Bank
This small finance bank is offering an interest rate of up to 7 percent on FD from ordinary customers and 7.50 percent from senior citizens. According to the bank website, 6 percent is being offered on FDs of 181 to 364 days, 6.75 percent for FDs of 365 to 699 days and 7 percent interest rate on FDs of 700 days duration.
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Suryoday Small Finance Bank
This bank is offering interest rates on FDs from 4% to 7.50% from general customers. Bank 6.75 percent on FDs of one year to two years, 7.15 percent on FDs of more than two years and less than three years, 7.25 percent on FDs of more than three years and less than five years, five years Is offering 7.50 per cent interest on FDs with tenure and 7 per cent interest rate on FDs of more than five years and ten years.
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