These Banks Offer Up To 9.5% Interest On Fixed Deposits Below 1 Crore Rupees

Small finance banks (SFBs) offer high interest rates on savings, fixed deposit and recurring deposit accounts. Small finance banks, which cater to a niche customer base, offer higher interest rates than mainstream peers. For instance, State Bank of India (SBI), the largest lender of the country, offers 6.80 per cent interest on fixed and recurring deposit for a tenure of one to less than two years. However, small finance banks like ESAF Small Finance Bank, North East Small Finance Bank and Suryoday Bank offer higher interest rates than SBI. For a tenure of 365 - 727 days, ESAF Small Finance Bank offers 8.75 per cent interest; for a tenure of one-less than two years, North East Small Finance Bank and Suryoday Bank both offer 8.50 per cent interest.

Small finance banks (SFBs) offer high interest rates on savings, fixed deposit and recurring deposit accounts. Small finance banks, which cater to a niche customer base, offer higher interest rates than mainstream peers. For instance, State Bank of India (SBI), the largest lender of the country, offers 6.80 per cent interest on fixed and recurring deposit for a tenure of one to less than two years. However, small finance banks like ESAF Small Finance Bank, North East Small Finance Bank and Suryoday Bank offer higher interest rates than SBI. For a tenure of 365 - 727 days, ESAF Small Finance Bank offers 8.75 per cent interest; for a tenure of one-less than two years, North East Small Finance Bank and Suryoday Bank both offer 8.50 per cent interest.

(Also Read: Top Banks Pay Up To 7.75% Interest To Senior Citizens On Tax-Saving FDs. Compare Returns Here)

Given below are fixed deposit or FD interest rates of ESAF Small Finance Bank, North East Small Finance Bank and Suryoday Bank:

ESAF Small Finance Bank FD interest rates

(Also Read: Fixed Deposit (FD) Interest Rates - Returns Offered By Private, Public Sector Banks)

North East Small Finance Bank FD interest rates

(Also Read: Post Office Sukanya Samriddhi Account - Interest Rate, Premature Withdrawal, Other Details)

Suryoday Bank FD interest rates

Post offices offer FD interest rates between 6.9-7.8 per cent.