Small Finance Bank Fixed Deposit Rates

Small Finance Bank Fixed Deposit Rates

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There are several Small Finance Banks in India. Small Finance Banks were introduced with the objective of furthering financial inclusion. These banks are offering 9 per cent or above interest rates on FDs.

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North East Small Finance Bank: It is offering 9.25 per cent interest rate on non-callable FDs for amounts between Rs 1 to Rs 3 crore for tenure ranging from 18 months 1 day to 36 months.

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Unity Small Finance Bank: The bank is offering a 9.10 per cent interest rate to senior citizens on investments of less than 3 crores for 1001 days.

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Utkarsh Small Finance Bank: It offers a 9.10 per cent interest rate to senior citizens on investments of less than Rs 3 crore for deposits between 730 days to 1095 days.

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Equitas Small Finance Bank: The highest interest rate offered by the bank is 9 per cent for senior citizens on a tenure of 888 days.

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Most banks offer slightly higher interest rates to senior citizens.

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