As SBI Fixed Deposit Interest Rates Rise, Small Finance Banks Pay As High As 9%

Even after increasing the fixed deposit (FD) interest rates on May 28, the State Bank of India still offers the rate of just 6.65 per cent on its one-year fixed deposits (FD). As the SBI FD interest rates continue to stay below the 7 per cent level, the depositors now have a reason to look for alternative savings. Even the post offices fixed deposits also pay just 6.6 per cent on its one-year deposits, the interest rates offered by small finance banks outpace their large counterparts by a wide margin, sometimes as high as 225 basis points (2.25 per cent). Sample this. Ujjivan small finance bank offers FD interest rate of 8 per cent on its one-year fixed deposits (FDs). Ujjivan Small Finance Bank Fixed Deposit (FD) Interest Rates . TENURE Interest Rate (pa) (Under Rs. 1 Crore) 7 Days to 29 Days 5.50% 30 Days to 89 Days 6.25% 90 Days to 179 Days 6.75% 180 Days to 364 Days 7.50% 1 Year to 2 Years 8.00% 2 Years and 1 Day to 3 Years 7.50% 3 Years and 1 Day to 5 Years 7.00% 5 Years and 1 Day to 10 Years 6.50% Additional Interest Rate for Senior Citizens 0.50% Savings Bank Account .Fincare small finance bank.Fincare Small Finance Bank Fixed Deposit (FD) Interest Rates. Tenure General Public Senior Citizens** 7 days to 45 days 4.00% 4.50% 46 days to 90 days 4.00% 4.50% 91 days to 180 days 6.00% 6.50% 181 days to 364 days 7.00% 7.50% 12 months to 15 months 8.00% 8.50% 15 months 1 day to 18 months 8.25% 8.75% 18 months 1 day to 21 months 8.50% 9.00% 21 months 1 day to 24 months 8.75% 9.25% 24 months 1 day to 36 months 9.00% 9.50% 3 years 1 day to 5 years 8.00% 8.50% 5 years 1 day to 7 years 7.00% 7.50% 5 years 1 day to 7 years 7.00% 7.50% .AU Small Finance Bank Fixed Deposit (FD) Interest Rates. TENURE BUCKETS Interest Rate / Card Rate p.a. (%) Senior Citizen Interest Rate p.a. (%) For NRE*/NRO Interest Rate p.a. (%) 7 Days to 1 Month 15 Days 5.50% 6.00% 5.50% 1 Month 16 Days to 3 Months 6.75% 7.25% 6.75% 3 Months 1 Day to 6 Months 6.90% 7.40% 6.90% 6 Months 1 Day to 12 Months 7.00% 7.50% 7.00% 12 Months 1 Day to 18 Months 7.15% 7.65% 7.15% 18 Months 1 Day to 24 Months 7.15% 7.65% 7.15% 24 Months 1 Day to 36 Months 7.25% 7.75% 7.25% 36 Months 1 Day to 45 Months 7.30% 7.80% 7.30% 45 Months 1 Day to 60 Months 7.40% 7.90% 7.40% Above 60 Months* 7.25% 7.75% 7.25% .fixed deposit interest rate.Equitas Fixed Deposit (FD) Interest Rates. Tenure interest rates 7 - 14 days 5.00% 15 - 29 days 5.50% 30 - 45 days 6.00% 46 - 62 days 6.25% 63 - 90 days 6.25% 91 - 120 days 6.50% 121 - 180 days 6.50% 181 - 210 days 6.75% 211 - 270 days 6.75% 271 - 364 days 7.00% 1 year to 18 months 7.50% 18 months 1 day to 2 year 7.75% 2 years 1 day to 3 years 7.75% 3 years 1 day to 4 years 7.00% 4 years 1 day to 5 years 7.00% 5 years 1 day to 10 years 7.00%

As SBI Fixed Deposit Interest Rates Rise, Small Finance Banks Pay As High As 9%

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