Not SBI, HDFC Bank, these smaller lenders offer higher FD interest rates — compare returns here
FD interest rate small finance bank: Fixed Deposits (FD) remain a popular investment option in India since it offers guaranteed returns. But do you small multiple small finance banks are offering much higher interest rates compared to SBI, HDFC Bank and other banks?
FD interest rate small finance bank: Fixed Deposits (FD) remain a popular investment option in India since it offers guaranteed returns. But are you aware that multiple small finance banks are offering much higher interest rates compared to SBI, HDFC Bank and other banks?
Here are a few smaller lenders that offer up to 9 per cent on FDs:
Unity Small Finance Bank
The Unity Small Finance Bank is offering a 9 per cent return to the general public and 9.50 per cent to senior citizens on FDs on 1,001 days.
Suryoday Small Finance Bank
Suryoday Small Finance Bank is offering an interest rate of 8.51 per cent to the general public and 8.76 per cent to senior citizens on FDs for a tenure of 999 days.
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Suryoday Small Finance Bank FD Rates
| Period | Interest Rate | Annualised Yield° | Senior Citizen Rate # | Annualised Yield° |
| (Per Annum) | (%) | (Per Annum) | (%) | |
| 7 days to 14 days | 4.00% | 4.00% | 4.50% | 4.50% |
| 15 days to 45 days | 4.25% | 4.25% | 4.75% | 4.75% |
| 46 days to 90 days | 4.50% | 4.50% | 5.00% | 5.00% |
| 91 days to 6 months | 5.00% | 5.00% | 5.50% | 5.50% |
| Above 6 months to 9 months | 5.50% | 5.61% | 6.00% | 6.14% |
| Above 9 months to less than 1 Year | 6.00% | 6.14% | 6.50% | 6.66% |
| 1 Year | 6.85% | 7.03% | 7.35% | 7.56% |
| Above 1 Year to 1 Year 6 Months | 7.00% | 7.19% | 7.50% | 7.71% |
| Above 1 Year 6 Months to 2 Years | 8.01% | 8.25% | 8.51% | 8.79% |
| Above 2 years to 998 days | 7.51% | 7.72% | 8.01% | 8.25% |
| 999 Days | 8.51% | 8.79% | 8.76% | 9.05% |
| 32 Months 27 Days to 3 Years | 7.25% | 7.45% | 7.75% | 7.98% |
| Above 3 Years to less than 5 Years | 6.75% | 6.92% | 7.25% | 7.45% |
| 5 Years | 7.50% | 7.71% | 7.75% | 7.98% |
| Above 5 years to 10 years | 7.25% | 7.45% | 7.50% |
7.71%
|
(Source: Official Website)
(Imagee: Pixabay)
Jana Small Finance Bank
Jana Small Finance Bank is offering an 8.10 per cent return to the general public and 8.80 per cent to senior citizens on FDs having a tenure of 2 to 3 years.
AU Small Finance Bank
AU Small Finance Bank is offering a 7.75 per cent return to the general public and 7.98 per cent to senior citizens on FDs with a tenure of 24 Months 1 Day to 36 Months.
AU Small Finance Bank FD Rates For Senior Citizen (for amounts less than INR 2 Crore)
| Tenure Bucket | Interest Rates | Interest Rates (Annualized) |
| 7 Days to 1 Month 15 Days | 4.25% | - |
| 1 Month 16 Days to 3 Months | 4.75% | - |
| 3 Months 1 Day to 6 Months | 5.50% | 5.61% |
| 6 Months 1 Day to 12 Months | 6.85% | 7.03% |
| 12 Months 1 Day to 15 Months | 8.10% | 8.35% |
| 15 Months 1 Day to 18 Months | 8.50% | 8.77% |
| 18 Months 1 Day to 24 Months | 8.00% | 8.24% |
| 24 Months 1 Day to 36 Months | 8.50% | 8.77% |
| 36 Months 1 Day to 45 Months | 8.25% | 8.51% |
| 45 Months 1 Day to less than 60 Months | 7.70% | 7.93% |
| 60 Months to 120 Months | 7.70% | 7.93% |
(Source: Official Website)
North East Small Finance Bank
The North East Small Finance Bank is offering an 8 per cent return to the general public and 9 per cent to senior citizens on FDs of 1111 days.
North East Small Finance Bank FD Rates
| Tenure | Card Rates upto 2 Crores | Senior Citizen | ≥ 2.00 crs - < 5.00 crs | ≥ 5.00 crs - <10.00 crs | ≥10.00 crs- <25.00 crs | ≥ 25.00 crs - <50.00 crs | ≥ 50.00 crs - <100.00 crs | 100 crs and above |
| 7 - 14 Days | 3 | 3.75 | 3 | 3 | 3 | 3 | 3 | 3 |
| 15 - 29 Days | 3 | 3.75 | 3 | 3 | 3 | 3 | 3 | 3 |
| 30 - 45 Days | 3.5 | 4.25 | 3.5 | 3.5 | 3.5 | 3.5 | 3.5 | 3.5 |
| 46 - 90 Days | 4.5 | 5.25 | 4.5 | 4.5 | 4.5 | 4.5 | 4.5 | 4.5 |
| 91 - 180 Days | 4.75 | 5.5 | 4.75 | 4.75 | 4.75 | 4.75 | 4.75 | 4.75 |
| 181 - 365 Days | 6.5 | 7.25 | 6.5 | 6.5 | 6.5 | 6.5 | 6.5 | 6.5 |
| 366 - 554 Days | 7.25 | 8 | 7.25 | 7.25 | 7.25 | 7.25 | 7.25 | 7.25 |
| 555 days ★ ★ | ||||||||
| 556 - 776 days | 7.25 | 8 | 7.25 | 7.25 | 7.25 | 7.25 | 7.25 | 7.25 |
| 777 Days ★ ★ | 7.5 | 8.25 | 7.5 | 7.5 | 7.5 | 7.5 | 7.5 | 7.5 |
| 778 - 1095 Days | 7.25 | 8 | 7.25 | 7.25 | 7.25 | 7.25 | 7.25 | 7.25 |
| 1096 - 1110 Days | 6.5 | 7.25 | 6.5 | 6.5 | 6.5 | 6.5 | 6.5 | 6.5 |
| 1111 Days ★ ★ | 8 | 8.75 | 8 | 8 | 8 | 8 | 8 | 8 |
| 1112-1825 Days | 6.5 | 7.25 | 6.5 | 6.5 | 6.5 | 6.5 | 6.5 | 6.5 |
| 1826 - 3650 Days | 6.25 | 7 | 6.25 | 6.25 | 6.25 | 6.25 | 6.25 |
6.25
|
(Source: Official Website)
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