4 Best Small Finance Bank FDs With Returns Up To 8.24%

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4 Best Small Finance Bank FDs With Returns Up To 8.2%

Compared to their larger rivals, such as HDFC Bank, Punjab National Bank and State Bank of India, small finance banks deliver higher returns on fixed deposits (FDs). Small finance banks are mainly the country’s niche banks and are specifically targeted at financial development. All such banks comprise Equitas, Ujjivan, Jana, Utkarsh, and provide interest rates on retail fixed deposits (fixed deposits up to Rs 2 crore) ranging from 3.5-8.5 per cent per annum. Most of these banks refer to smaller business segments, small and micro-industries, and small farmers. The above banks provide customers with several maturity options, starting from seven days on term deposits. Here are the higher interest rates on fixed deposits and also an additional 0.50% interest rate to senior citizens provided by four small finance banks of India.

Also read: Top Banks That Are Offering Higher Interest Rates On FDs

Ujjivan Small Finance Bank FD

Tenure ROI With Effect From August 4
Seven to 29 days 3.05%
30 to 89 days 4.05%
90 to 179 days 4.80%
180 to 364 days 5.20%
One to two years 6.50%
Two years and one day to three years 6.05%
Three years and one day to five years 5.80%
Five years and one day to 10 years 5.55%

Equitas Small Finance Bank FD

Tenure ROI With Effect From November 5
Seven to 14 days 3.60%
15 to 29 days 3.60%
30 to 45 days 3.75%
46 to 62 days 4.25%
63 to 90 days 5.25%
91 to 120 days 5.60%
121 to 180 days 5.60%
181 to 210 days 5.75%
211 to 270 days 5.75%
271 to 364 days 6.20%
One year to 18 months 6.75%
18 months and one day to two years 6.75%
Two years and one day to 887 days 7.00%
888 days 7.00%
889 days to three years 7.00%
Three years and one day to four years 6.75%
Four years and one day to five years 6.75%
Five years and one day to 10 years 6.75%

Utkarsh Small Finance Bank FD

Tenure ROI With Effect From October 19
General Public Senior Citizen
Seven to 45 days 3.00% 3.50%
46 to 90 days 3.25% 3.75%
91 to 180 days 4.00% 4.50%
181 to 364 days 6.00% 6.50%
365 days to 699 days 6.75% 7.25%
700 days 7% 7.50%
701 to 3,652 days 6.75% 7.25%

Jana Small Finance Bank FD

Tenure ROI With Effect From November 18
General Public Senior Citizen
Seven to 14 days 3.00% 3.50%
15 to 60 days 3.75% 4.25%
61 to 90 days 4.50% 5.00%
91 to 180 days 5.61% 6.14%
181 to 364 days 6.66% 7.17%
One year (365 days) 7.08% 7.61%
One to two years 7.19% 7.71%
Two to three years 7.71% 8.24%
Three to five years 7.19% 7.71%
Five years (1,825 days) 7.19% 7.71%
Five years to 10 years 6.66% 7.19%

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