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.
Also read- Stock market holiday: NSE, BSE will be shut for five additional days in next five weeks
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)
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