FD Rates: In order to curb inflation, RBI has increased the repo rate by a total of 2.50 percent in the last financial year. After this, many banks have increased their deposit rates.
Fixed Deposit Interest Rates: In such a situation, there are many small finance banks in the country where customers are getting up to 9.50 percent interest rate on fixed deposit schemes. The customers of these banks also get an insurance cover of Rs 5 lakh through DICGC on deposits.
Unity Small Finance Bank is offering its customers an interest rate of 4.50% to 9% on FDs ranging from 7 days to 10 years. On the other hand, senior citizens are getting interest rates ranging from 4.50 per cent to 9.50 per cent.
Suryoday Small Finance Bank is offering interest rates ranging from 4.00 percent to 8.51 percent on FDs ranging from 7 days to 10 years to general customers. At the same time, the bank is offering interest ranging from 4.5 percent to 8.76 percent to senior citizens in this tenure.
Utkarsh Small Finance Bank is offering 4 per cent to 8.25 per cent interest rate for fixed deposits ranging from 7 days to 10 years to general customers. At the same time, interest rates ranging from 4 percent to 9 percent are being offered to senior citizens.
Jan Small Finance Bank is offering 3.75 per cent to 8.15 per cent interest rate to customers on FDs ranging from 7 days to 10 years, while Senior Citizen Bank is offering customers interest rates ranging from 3.75 per cent to 8.75 per cent.
Fincare Small Finance Bank is offering interest rates ranging from 3% to 8.11% to its general citizens. At the same time, the bank is offering interest rates ranging from 3 percent to 8.11 percent to senior citizens.
Ujjivan Small Finance Bank is offering 3.75 percent to 8.25 percent interest rate on FDs ranging from 7 days to 10 years to general citizens and senior citizens.
ESAF Small Finance Bank is offering interest rates ranging from 4% to 8.50% to its general customers. At the same time, senior citizens are being offered interest rates ranging from 4.50 percent to 9 percent on FDs ranging from 7 days to 10 years.
