Fixed deposit (FDs), also known as term deposits, 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 pay higher interest rates on fixed deposits compared to commercial banks. Small finance banks focus on financial inclusion by provision of savings vehicles and supply of credit to small business units, small farmers, micro and small industries, and other unorganised sector entities.
Fixed deposit (FDs), also known as term deposits, 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 pay higher interest rates on fixed deposits compared to commercial banks. Small finance banks focus on financial inclusion by provision of savings vehicles and supply of credit to small business units, small farmers, micro and small industries, and other unorganised sector entities.
Here's a comparison of fixed deposit (FD) interest rates paid by Ujjivan Small Finance Bank, AU Small Finance Bank, Jana Small Finance Bank and Suryoday Small Finance Bank:
Ujjivan Small Finance Bank
The following FD interest rates are applicable on deposits below Rs. 1 crore with effect from November 26, 2018, according to the bank's website - ujjivansfb.in:
The bank offers an additional 0.50 per cent interest rate for senior citizens, according to the bank's website, www.ujjivansfb.in.
AU Small Finance Bank
The following FD interest rates are applicable on deposits below Rs. 1 crore with effect from January 14, 2019, according to the bank's website - aubank.in:
Jana Small Finance Bank
The following FD interest rates are applicable on deposits below Rs. 1 crore, according to the bank's website - janabank:
Suryoday Small Finance Bank
The following FD interest rates are applicable on deposits below Rs. 1 crore with effect from September 29, 2019, according to the bank's website - suryodaybank.com:
Post offices also offer the facility of fixed deposits.
Sign Up with Google
RECOMMENDED FOR YOU
POPULAR