While all banks are offering 2-3 per cent interest on savings account, small finance banks are offering up to 7-7.5 per cent interest.
In today’s time, everyone has a bank account in which he keeps his money. This account is called Savings Account, on which only 2-3% interest is received from the bank. On the other hand, if we talk about FD, then interest of up to 7-8 percent is available on it. While all banks are offering 2-3 per cent interest on savings account, small finance banks are offering up to 7-7.5 per cent interest. That is, you will get FD-like interest only on the savings account. Let us know about 5 small finance banks, which are giving interest of up to 7-7.5% on savings account only.
Interest ranging from 3.5 percent to 7.5 percent is being offered by Ujjivan Small Finance Bank. However, this interest on savings account varies depending on the amount deposited. You will get 7.5 percent interest from the bank when you deposit Rs 25 crore in the savings account. These new rates have come into effect from 1 June 2023.
Jana Small Finance Bank
Up to 6-7 percent interest is being offered by Unity Small Finance Bank. To get such a strong interest on savings account, you have to deposit more than Rs 1 lakh. On the other hand, if you deposit an amount of up to Rs 1 lakh, then you will get 6 percent interest.
Equitas Small Finance Banks
Equitas Small Finance Bank is offering 3.5% interest on deposits up to Rs 1 lakh. At the same time, this bank is giving 5.25 percent interest on the amount up to Rs 1-5 lakh. You will get 7 percent interest on the amount above Rs 5 lakh, while you will get 7.5 percent interest on depositing the amount above Rs 50 crore. This rule has come into force from 12 July 2023.
Suryoday Small Finance Bank
Interest ranging from 3.5 percent to 7 percent is being offered by Suryoday Small Finance Bank. This will also be available at different amounts. You will get 7% interest on depositing an amount of Rs 5 lakh to Rs 2 crore in a savings account. These new rates are applicable from 1 March 2023.
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