If you are aiming to make high profits by investing in fixed deposits (FDs) soon, then this information is relevant to you. Indeed, in addition to the major government and private sector banks in the country, small finance banks (SFBs) are also providing attractive interest rates on fixed deposits (FDs) for their customers.
As per a report in a media article, small finance banks are offering interest rates as high as 9.60% on fixed deposits for their customers. Let’s examine 10 small finance banks currently providing the highest interest rates on FDs to their clients. Suryoday Small Finance Bank provides a 9.10 percent interest rate for regular customers and 9.60 percent for senior citizens on a five-year fixed deposit.
Unity Small Finance Bank provides a 9 percent interest rate to regular customers and 9.50 percent to senior citizens on a 1,000-day fixed deposit. Moreover, Fincare Small Finance Bank is providing an interest rate of 8.51% on 1,000-day FDs for regular customers and 9.11% for senior citizens. Equitas Small Finance Bank provides an interest rate of 8.50% for 888 days for its regular customers, while offering 9% for senior citizens.
Small Finance Bank is providing an interest rate of 8.50%
ESAF Small Finance Bank is providing an interest rate of 8.50% for regular customers and 9% for senior citizens on fixed deposits with a tenure between 2 years and less than 3 years. Additionally, Jana Small Finance Bank is providing an interest rate of 8.50% for regular customers and 9% for senior citizen customers on fixed deposits with a maturity period of 500 days. Utkarsh Small Finance Bank provides a rate of 8.25 percent on fixed deposits with maturity ranging from 1,000 days to 1,500 days for regular customers, while senior citizens receive a rate of 8.85 percent.
Ujjivan Small Finance Bank provides a rate of 8.25 percent to regular customers and 8.75 percent to senior citizens on a 560-day fixed deposit. Shivalik Small Finance Bank provides an interest rate of 8.15 percent for regular customers and 8.65 percent for senior citizens on fixed deposits with a maturity period of 24 to 36 months. In addition, AU Small Finance Bank is providing a 7.75% interest rate for regular customers and 8.25% for senior citizens on fixed deposits maturing between 24 months, 1 day, and 36 months.