New Delhi: When you initiate an FD account, the interest rate offered determines the guaranteed returns you will receive. Numerous private banks compete by offering competitive interest rates to attract a broader customer base. Opting for a tenure of 3-5 years is advantageous, as many Small Finance banks provide higher FD interest rates within this timeframe. This strategy encourages customers to keep their funds deposited for longer durations, benefiting from stable returns. Below are the revised fixed deposit interest rates for amounts below Rs. 2 crore from small finance banks (SFBs).
FD Interest rates by Small Finance Banks
Here are the interest rates offered by various small finance banks for general citizens and senior citizens:
Ujjivan Small Finance Bank offers 6.50 per cent per annum for a tenure of 60 months 1 day to 120 months for general citizens, and 7 per cent per annum for senior citizens.
Jana Small Finance Bank provides 7.35 per cent per annum for more than 3 years but less than 5 years, and 7.85 per cent per annum for over 5 years up to 10 years for general citizens. Senior citizens receive 7.85 per cent and 7.10 per cent respectively for the same tenures.
Equitas Small Finance Bank offers 7.25 per cent per annum for 4 years 1 day to 5 years, and the same rate for 5 years 1 day to 10 years, for both general citizens and senior citizens.
AU Small Finance Bank provides 7.25 per cent per annum for a tenure ranging from 60 months to 120 months for general citizens.
Fincare Small Finance Bank offers 7.25 per cent per annum for 45 months 1 day to less than 60 months, and the same rate for 60 months to 120 months, for both general citizens and senior citizens.
Bank
Tenure
General Citizen Interest Rates (p.a.)
Senior Citizen Interest Rates (p.a.)
Ujjivan Small Finance Bank
60 months 1 Day to 120 Months
6.50%
7
Jana Small Finance Bank
More than 3 Years – less than 5 Years
7.35%
7.85%
Jana Small Finance Bank
> 5 Years – 10 Years
6.60%
7.10%
Equitas Small Finance Bank
4 years 1 day to 5 years
7.25%
7.75%
Equitas Small Finance Bank
5 years 1 day to 10 years
7.25%
7.75%
AU Small Finance Bank
60 Months to 120 Months
7.25%
Fincare Small Finance Bank
45 Months 1 Day to less than 60 Months
7.25%
7.75%
Fincare Small Finance Bank
60 Months to 120 Months
7.25%
7.75%
5 Year FD interest rate: Jana Small Finance Bank provides 7.35% per annum for more than 3 years but less than 5 years, and 7.85% per annum for over 5 years up to 10 years for general citizen. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
