Fixed deposit (FDs) are secure financial instruments offered by private and public sector banks, small finance banks (SFBs), non-banking financial companies (NBFCs) and post offices. Small finance banks focus on financial inclusion by provision of savings instruments, supply of credit to small businesses, small farmers, micro and small industries and other unorganised sector entities. While the products of small finance banks are similar to those provided by commercial banks, the interest rates paid by small finance banks are higher compared to public sector lender State Bank of India, and its private sector peers HDFC Bank and ICICI Bank, among others.
Fixed deposit (FDs) are secure financial instruments offered by private and public sector banks, small finance banks (SFBs), non-banking financial companies (NBFCs) and post offices. Small finance banks focus on financial inclusion by provision of savings instruments, supply of credit to small businesses, small farmers, micro and small industries and other unorganised sector entities. While the products of small finance banks are similar to those provided by commercial banks, the interest rates paid by small finance banks are higher compared to public sector lender State Bank of India, and its private sector peers HDFC Bank and ICICI Bank, among others.
Fixed deposit (FDs) are secure financial instruments offered by private and public sector banks, small finance banks (SFBs), non-banking financial companies (NBFCs) and post offices. Small finance banks focus on financial inclusion by provision of savings instruments, supply of credit to small businesses, small farmers, micro and small industries and other unorganised sector entities. While the products of small finance banks are similar to those provided by commercial banks, the interest rates paid by small finance banks are higher compared to public sector lender State Bank of India, and its private sector peers HDFC Bank and ICICI Bank, among others.
Here's a comparison of fixed deposit (FD) interest rates offered by small finance banks:
Capital Small Finance Bank
The following FD interest rates effective from April 29, 2019 according to the bank's website:
ESAF Small Finance Bank
The following FD interest rates are applicable on deposits below Rs. 1 crore, with according to the bank's website:
Jana Small Finance Bank
The following FD interest rates are applicable on deposits, according to the bank's website:
Ujjivan Small Finance Bank
The following FD interest rates are applicable on deposits up to Rs 2 crore according to the bank's website:
Ujjivan small finance bank offers an additional interest rate of 0.50 per cent for senior citizens.