Latest Interest Rates On Bank FD: Returns Offered By Commercial Banks, Small Finance Banks Compared

Bank FD interest rate: Banks today pay annual returns up to 9.5 per cent on fixed deposits.

Many banks currently pay interest rates up to 9.5 per cent on term deposits - or fixed deposits (FDs) - up to Rs 1 crore. While major commercial banks pay interest rates in the range of 4-7.75 per cent to customers on FDs, small finance banks offer those between 3.5 per cent and 9.5 per cent. On fixed deposits up to Rs 1 crore, many lenders - from major commercial banks such as State Bank of India and HDFC Bank to small finance banks such as Equitas Small Finance Bank and AU Small Finance Bank - provide slightly better returns to senior citizen customers compared to the general public.

Many banks currently pay interest rates up to 9.5 per cent on term deposits - or fixed deposits (FDs) - up to Rs 1 crore. While major commercial banks pay interest rates in the range of 4-7.75 per cent to customers on FDs, small finance banks offer those between 3.5 per cent and 9.5 per cent. On fixed deposits up to Rs 1 crore, many lenders - from major commercial banks such as State Bank of India and HDFC Bank to small finance banks such as Equitas Small Finance Bank and AU Small Finance Bank - provide slightly better returns to senior citizen customers compared to the general public.

Many banks currently pay interest rates up to 9.5 per cent on term deposits - or fixed deposits (FDs) - up to Rs 1 crore. While major commercial banks pay interest rates in the range of 4-7.75 per cent to customers on FDs, small finance banks offer those between 3.5 per cent and 9.5 per cent. On fixed deposits up to Rs 1 crore, many lenders - from major commercial banks such as State Bank of India and HDFC Bank to small finance banks such as Equitas Small Finance Bank and AU Small Finance Bank - provide slightly better returns to senior citizen customers compared to the general public.

Here's a comparison of interest rates paid by some small finance banks and large commercial banks on fixed deposits of up to Rs 1 crore:

SBI

ICICI Bank

HDFC Bank

Equitas Small Finance Bank

AU Small Finance Bank

Suryoday Bank

Jana Small Finance Bank

Fincare Small Finance Bank

ESAF Small Finance Bank

Utkarsh Small Finance Bank

Therefore, small finance banks pay higher interest rates on FDs across several maturities compared to their larger counterparts.

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